Please Note - If you are cruising around Australia you need to select Pacific.
With Regions, variances can apply for Bali, Indonesia, Japan and Middle East.
You are not required to enter stop-over countries if your stop-over is less than 48 hours.
Picture yourself cruising down the highway, with not a care not in the world. Screech! That could all come to a crashing halt should you skid off the road or slam into the car ahead. Not so carefree right!?
You may be aware that travel insurance can bail you out of a number of tricky scenarios including injury, illness, luggage theft, trip delay and more. But did you know that most comprehensive policies will cover your car rental excess as well?
Whether its Germany’s notorious Autobahn or an all-American ride down route 66, relaxed road tripping requires some careful planning and preparation. Travel insurance car hire excess will ensure you'd be covered for a bingle (big or small).
Usually a built-in feature on both domestic and international policies, the rental vehicle excess benefit will cover you for the for the excess on your Rental Car insurance policy, should your hire car be accidentally damaged or stolen (while in your custody). Additionally, some travel insurers will cover you for the cost of returning your rental vehicle car to the nearest depot if you are found medically unfit to drive.
If you are involved in an incident, your credit card would be charged by the hire car company and you would then be reimbursed by your travel insurer for your hire car excess (this could range from $3,000-$5,000). Alternatively, your policy would cover the cost of repairing the car if that works out to be cheaper than the excess. In the event of a claim, you must provide a copy of the repair account and/or receipt showing amount charged to your travel insurer.
|Insurer||Underwriter||Rental Excess Amount||Option to increase? (Additonal charges may apply)||Distance Restrictions from your home||Buy Now|
|1Cover||Certain underwriters at LLoyd's||$5,000||$8,000||100km|
|American Express||Chubb Insurance Australia Limited||$3,000 (optional add-on)||-||100km|
|Budget Direct||Auto & General Services Pty Ltd||$4,000 (domestic)
|Columbus Direct||Certain underwriters at LLoyd's||$4,000 (standard) $5,000 (premier)||-||500km|
|Downunder||Certain underwriters at LLoyd's||$3,000 (domestic) optional for international||$6,000||50km|
|Fast Cover||Hollard Insurance Company Pty Ltd||$5,000||$8,000||200km|
|InsureandGo||Mitsui Sumitomo Insurance Company Limited||$5,000 (gold) $4,000 (silver)||-||No km restriction, however you're only covered if your rental is less than 15 days. More terms apply.|
Certain underwriters at LLoyd's
|$1,500 (excel) $3,000 (excel plus)||-||250km|
|iTrek||Certain underwriters at LLoyd's||$3,000||$8,000||250km|
|Priceline||Chubb Insurance Australia Limited.||$3,500
|No Worries Insurance||Chubb Insurance Australia Limited||$1,000||$5,000||100km|
|Online Travel Insurance||Allianz Australia Insurance Limited||$2,000 (optional add-on)||$10,000||250km|
|Simply Travel Insurance||Certain underwriters at LLoyd's||$6,000||-||50km|
|Mitsui Sumitomo Insurance Company Limited||$5,000 (gold) $4,000 (silver)||-||No km restriction, however you're only covered if your rental is less than 15 days. More terms apply.|
|Travel Insurance Saver||QBE Insurance Limited||$5,000||$10,000||200km|
Travel With Kit
|Certain underwriters at LLoyd's||$5,000||-||-|
|Worldcare||Allianz Australia Insurance Limited||$3,000||$9,000||250km|
|Virgin Money||Allianz Australia Insurance Limited||$2,000
|Zoom Travel Insurance||Certain underwriters at LLoyd's||$5,000 (domestic)
optional for international
Rental car companies will often try to sell you an extra charge to reduce your excess. Typical per-day rates can be anywhere from $25 to $34 a day. By comparison, travel insurance rates are cheaper on a daily basis and will cover you for a range additional expenses- that means more value for less money. Sounds like a no brainer to us!
Purchasing travel insurance that has 'rental vehicle excess' included can save you a bundle. However, It is important to note that the rental excess included in travel insurance is not rental vehicle insurance. The rental excess component is simply the amount you would be liable for in the event of an accident. You are advised to secure separate insurance for any injuries or damages your use of a hire car may cause to other people and their property. This is usually included in the daily price of your hire car, or you can often arrange such insurance with your hire car company.
Keep in mind that If you do have an accident you will have to first pay the excess amount you are liable for and then submit a claim to your insurer for reimbursement. You may also be required to provide a written report from the car rental company confirming that you are liable to pay your hire car insurance excess.
Ready to rev off? Before you do, consider the impact that a car accident could have on your travel budget. Could you really afford to pay the excess should things take a turn for the worst? Buying travel insurance is usually cheaper than paying to reduce your excess at the rental car counter and provides you with a wide range of added benefits such as medical cover, cancellation cover and more..
When buying travel insurance, take the time to research the various car hire excesses across the board. Just a little extra time comparing policies could make a wheel big difference!
An alternative to buying travel insurance with rental car cover is to buy rental vehicle excess insurance from a standalone company. These policies are designed specifically to cover you for any car rental excess you may become liable for. These policies usually include circumstances that are excluded by the rental company and travel insurance policies such as, damage to bumpers and trim, windscreen and tyres, single vehicle accidents and hitting the poor wildlife crossing the road.
The main benefits of a standalone policy are:
Of course, these purpose built policies doesn't come with all the extra travel trimmings of a travel insurance policy such as overseas medical, luggage and cancellation so consider your needs carefully before making decision either way.
You don't have to be going overseas on holiday to benefit from cheaper car hire excess options. Aussies and visitors to Australia can purchase standalone car hire excess products. Whether you're hitting Sydney city in a beeping Barina, or exploring the Red Centre in a revved up Range Rover, there more ways than one to save on your rental car insurance!
Say no to the rental car rip-offs! Kindly refuse the extra charges to 'reduce your rental car excess' at the hire car counter. You 'auto' agree there are better options out there!
Originally from the UK, Hayley took a gap ‘year’ in 2011… and it’s still going! She’s travelled all over the world, volunteering in a Ugandan orphanage, skydiving in Australia, shark diving in South Africa, and skiing in the Alps (and snapping in a ligament in the process!). Certified in Tier 2 General Insurance General Advice and working in travel insurance for over two years, Hayley is a thrillseeker and a storyteller who loves hearing about customers’ holiday plans and sharing her own tips and must-see spots to help get them inspired.