All You Need to Know about Australian Car Hire Excess Insurance

What is CAR HIRE EXCESS INSURANCE?

Car hire excess insurance is a type of insurance policy that provides protection against the high excess charges imposed by most car rental companies when a vehicle is accidentally damaged or stolen. It covers you for the amount of the excess up to the policy limit should you need to make a claim. The policy is designed to cover the excess charged by the car rental company, which can be as high as several thousand dollars. This type of policy is especially important if you are travelling overseas, as the excess charges imposed by some rental companies can be extremely high.

How Does Car Hire Excess Insurance Work?

When you hire a car, you are usually required to pay an excess. This is the amount you are liable to pay if your car is damaged or stolen, and is usually a percentage of the total car hire cost. Car hire excess insurance covers the excess you would have to pay if you make a claim for damage to or theft of the vehicle. It can also cover other costs such as the car hire company’s administration fees.

What is Covered by Car Hire Excess Insurance?

Car hire excess insurance policies usually cover the excess payment required by the car hire company if you make a claim for damage to or theft of the vehicle. It can also cover additional costs such as administration fees and the cost of a replacement vehicle. Most policies exclude damage to tyres, windscreens, and the interior of the vehicle, so it is important to read the policy carefully to make sure you are aware of any exclusions.

Do I Need Car Hire Excess Insurance?

If you are hiring a car, it is worth considering taking out car hire excess insurance. The excess amount required by the car hire company can be very high, and if you make a claim for damage to or theft of the vehicle, you would be liable to pay this amount. If you don’t have car hire excess insurance, you could end up paying hundreds or even thousands of dollars out of your own pocket. Taking out a policy can provide peace of mind and protect you financially if anything happens to the vehicle.

What is the Difference Between Car Hire Excess Insurance and Car Rental Insurance?

Car hire excess insurance and car rental insurance are two separate types of insurance. Car hire excess insurance is designed to cover the excess you would have to pay if you make a claim for damage to or theft of the vehicle. Car rental insurance, on the other hand, provides coverage for the cost of the rental vehicle itself. It is important to be aware of the difference between the two types of insurance, and to make sure you have the right type of policy to suit your needs.

How Do I Find the Best Car Hire Excess Insurance in Australia?

When looking for car hire excess insurance in Australia, it is important to compare policies from different providers to find the one that best suits your needs. Look for a policy that offers competitive excess levels, as well as any additional benefits such as cover for administration fees or a replacement vehicle. You should also make sure that the policy covers any activities you plan to undertake while using the car, such as off-road driving. Finally, check the terms and conditions of the policy to make sure that you are aware of any exclusions or other requirements.