Driving premium models when you rent a car can be very enjoyable and as such, especially when they are the larger models, the value of the car can be significant. Sometimes, finding a car hire excess insurance policy to cover them has in the past proved quite difficult. But now circumstances have changed.
Recently a number of insurance companies have decided to raise the maximum value of a car which they will cover through their policies. This means that, for customers, there are more options available. As a result there are more policies to choose from that will cover the higher excesses that go with the higher value cars. Some of these policies will cover cars worth up to a very respectable £100,000.
So perhaps you are looking to hire a particular vehicle for a special occasion? A family wedding or anniversary? Or maybe you have an important business meeting and need to carry several important clients? Do you like renting a car similar to the one you drive at home? You may just be more comfortable driving one of the luxury brand cars. Now there is excess insurance we can offer that means, should you have a collision or the car is damaged during your hire period, you will be able to be reimbursed.
The price of car hire excess insurance policies is different from standard car insurance, they do not increase with the value of the car - but you do need to ensure that the policy limit is enough to cover the excess that would be charged in the case of an incident. This is not likely to be a big issue, as policies that have a maximum car value limit of £75,000 or more usually have excess limits of over £5,000. This is normally ample cover but it would be wise to check the standard insurance excess on your hire policy just to be sure.
There are several companies which offer maximum market value limits of £65,000 and above. So if you are looking to hire a Range Rover Sport, a Land Rover Discovery or perhaps the new BMW 2 series Gran Tourer there are excess insurance policies which will offer you the reassurance you need.
There are often exclusions with all these policies that will limit the use of the car to standard road use - so you will not be allowed to race or try a bit of offroading in the Range Rover we’re sorry to say!