Money Saving Expert’s Guide to Insurance for Car Hire

Hiring a car can be a great way to explore a new area or to get some convenient transportation for a specific purpose. But, with the cost of hiring a car, you will also need to consider the cost of insurance for the car hire. You may think that insurance isn’t necessary, but it can save you a lot of money and hassle in the long run if you were to get into an accident while driving the rental car. Money Saving Expert has put together this guide to help you understand insurance for car hire, and how to get the best deal.

What Kind of Insurance Do I Need for Car Hire?

When you hire a car, you will usually be offered insurance for the rental. This insurance is usually the basic coverage that is required by law, but it may not be enough to cover all of the damages that could arise from an accident. This is why it is important to understand the different types of insurance available, and to know which one is right for you.

The first type of insurance you should consider is the third party liability insurance. This type of insurance will cover any damages that you cause to another person or their property while driving the rental car. It is important to remember that this type of insurance does not cover any damage that is caused to your own vehicle or any of your own property. The second type of insurance you should look into is collision damage waiver (CDW). This type of insurance will cover any damage that is caused to the rental car, regardless of who is at fault. This type of insurance is usually included in the rental car companies' basic coverage, but it is worth double checking.

What Should I Look for When Choosing Insurance for Car Hire?

When choosing insurance for car hire, it is important to make sure that you get the right coverage for your needs. It is also important to compare the different policies and their prices to get the best deal. Here are some things that you should consider when choosing insurance for car hire:

The type of coverage you need.
The amount of coverage you want.
The cost of the insurance.
The excess or deductible that you are willing to pay.
The terms and conditions of the policy.

Money Saving Expert’s Tips for Insuring a Rental Car

Money Saving Expert has put together some tips to help you get the best deal when it comes to insurance for car hire. Here are some of our top tips:

Check the rental car company’s policy first – some companies may include basic insurance in the rental cost.
Compare different policies and prices to get the best deal.
Check the excess or deductible you will have to pay in the event of an accident.
Check what is and isn’t covered by the policy – some policies may not cover certain types of damage.
Make sure you understand the terms and conditions of the policy.

Conclusion

Insurance for car hire is an important consideration when you are planning to rent a car. It is important to make sure that you get the right coverage for your needs, and to compare different policies to get the best deal. Money Saving Expert has put together this guide to help you understand insurance for car hire, and to help you get the best deal. Use our tips to get the most out of your rental car insurance and make sure you are covered in the event of an accident.