Car Hire Excess Insurance Iceland

What is Car Hire Excess Insurance?

Car hire excess insurance is an additional cover that protects you from potentially high charges incurred when you hire a car. It is a type of insurance policy designed to cover the excess charged for repairs to your rental car in the event of an accident, theft or vandalism. It is an optional cover that can be purchased from the car hire company when you rent a car in Iceland.

When you hire a car, you are usually required to pay an excess or deductible on the rental agreement. This is the amount of money that you would be liable to pay in the event of any damage to the car. For example, if you have an accident in the car and the car needs to be repaired, you would be liable to pay the excess. Car hire excess insurance covers this excess, so you are not left out of pocket.

Why Do I Need Car Hire Excess Insurance in Iceland?

Iceland is a popular holiday destination and a great place to explore by car. However, the roads in Iceland can be quite treacherous and the cost of repairing any damage to your rental car can be very expensive. Without car hire excess insurance, you would be liable to pay the full amount of the repair costs, which could be hundreds or even thousands of euros.

Car hire excess insurance offers you peace of mind that any repair costs will be covered in the event of an accident, theft or vandalism. It is a great way to ensure that you are not left out of pocket if your rental car is damaged and it can save you a lot of money in the long run. It is an inexpensive way to protect yourself from any unexpected costs when driving in Iceland.

What Does Car Hire Excess Insurance Cover?

Car hire excess insurance usually covers the excess fee charged by the car hire company in the event of an accident, theft or vandalism. It can also cover the cost of additional items such as windscreen, tyre and undercarriage damage, as well as any other damage that is not specifically excluded in the policy. It is important to read the policy carefully to ensure that it covers all the risks that you may face when hiring a car in Iceland.

How Much Does Car Hire Excess Insurance Cost in Iceland?

The cost of car hire excess insurance in Iceland varies depending on the provider and the type of cover you choose. The cost can range from a few euros per day to a few hundred euros for an annual policy. It is important to shop around and compare different policies to ensure that you are getting the best deal for your money. Most car hire companies in Iceland offer car hire excess insurance, so it is worth asking them for a quote.

Conclusion

Car hire excess insurance is an essential cover for anyone hiring a car in Iceland. It offers you peace of mind that you will be protected if the car is damaged, and can save you a lot of money in the long run. The cost of car hire excess insurance in Iceland varies depending on the provider and the type of cover you choose, so it is important to shop around and compare different policies before making a decision.