Written by Michael Foote, Insurance and Finance ExpertMichael Foote is the founder of Quote Goat and has over 13 years experience working in the finance, insurance and currency sectors. Since launching Quote Goat he has appeared on TV as well as many of the largest online publications including Forbes, The Telegraph and The Metro. Prior to Quote Goat, he worked in finance in the city for a number of firms including HSBC.
When you are travelling to a different country, it can make a lot of sense to hire a car in order to get from one location to another with ease. After all, taxis are not the cheapest mode of transport when you are abroad! With this said, many holidaymakers tend to make a few mistakes when hiring a holiday vehicle which often leads to extortionate insurance prices. Luckily, this can be avoided with a few top tips. Read on as the Quote Goat team reveal all…
It costs more to add extra drivers
Many people are unaware that both rental and insurance quotes can actually be affected by the number of drivers on a policy when it comes to hiring a vehicle. After all, there is more chance of an at-fault accident taking place when several people are able to sit behind the wheel and both companies must take these statistics into consideration. In fact, there is often a rental fee for every additional driver, regardless of whether or not they actually end up driving, which can really hike up the costs. To avoid paying more than you need to, only add drivers with a clean licence who will actually be playing the role of ‘holiday taxi’.
It pays to be prepared
Everything should be planned ahead of time when taking a holiday with family or friends, especially when it comes to hiring a vehicle. After all, it really does pay to be prepared because you can end up saving 100s by organising a hire car in advance. This is because similar principles apply when obtaining insurance abroad and this means that the policies are often ridiculously high when you try to take them out on the same day. Instead of hiring a car at the airport, always shop around for a reliable company with affordable car insurance ahead of time.
Opt for excess insurance
There are different levels of insurance that are available for hire vehicles in order to cover the driver, any passengers, and the vehicle in the event of an accident. With this said, it is always wise to invest in excess insurance rather than the most basic package because this will also cover you for damage to the tyres, any underbody wear and tear, and any chips in the windscreen. Without excess insurance, you may be liable for any repairs once the vehicle has been returned.
It is important to shop around for quotes when trying to insure a hire vehicle. After all, the rules of the road can differ considerably from country and country, and many countries even drive on the opposite side which leaves a lot of room for error. To compare car hire deals, check out Quote Goat’s trusted comparison site today!