The extras sold at car hire rental desks can often double the price of the original quote, but new research has found that it is possible for the car to end up seven times more expensive than the original quote.
Hiring a compact car with Budget in Faro this May Half Term (27 May to 3 June), costs a very reasonable £79 for the week’s hire, however once extra items at the rental desk are added the price can increase to £588.
These ‘extras’ include £57 for an extra driver, £108 for sat nav hire, £68 for a child’s car seat, £285 for a combined excess / waiver policy – all adding up to £518 and leaving the driver with a final bill of £597, seven times the original quote.
iCarhireinsurance.com looked at the costs to hire a compact car in five European destinations, Tenerife, Nice, Faro, Larnaca and Barcelona, with six hire car companies, Avis, Budget, Europcar, Hertz, Sixt and Enterprise (see table below). The study found that:
Car hire excess (waiver) policies protect drivers from the excess cost, which can be as much as £2,000, if a hire car is stolen or damaged even if it isn’t the hirer’s fault. Rental companies often sell three excess policies: Super Damage Waiver, Super Theft Waiver, Tyre and Windscreen Excess, or if available a combination of these.
A policy from a specialist insurance provider, like iCarhireinsurance.com, covers damage, theft and tyre and windscreen cover, and starts from £2.99 a day for a European policy or £37.99 for an annual policy, meaning that drivers in Faro could save themselves over £200 if they shop around for excess insurance this half term.
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