Hidden Cost Of Holiday Car Hire

Wednesday, 23. July 2014

Hi, Graham Hill here, thank you so much for visiting my blog, I hope you learn a lot and as a result end up driving a great car. In order to do so you can get all the information you need by buying my book, An Insider Guide To Car Finance or use me to finance your next car. Happy driving.

It would seem that more and more Brits are hiring cars whilst on holiday. So as we come up to the serious holiday season it is quite timely for me to give you a bit of advice that could save you a lot of money if you are one of them. In a survey carried out by the Post Office it revealed that more than half of British holidaymakers hiring cars in Europe could face a huge hidden rental bill.

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The survey revealed that 56% of UK holidaymakers aren’t protecting themselves from accidents or theft with excess waiver insurance (EWI). Three quarters don’t bother with cover for glass, tyre or undercarriage damage. On average this extra insurance, payable on arrival, is about 12% of the cost of the excess but drivers are either not aware or ignore this insurance and run the risk of being hundreds of pounds out of pocket.

And don’t think the excess is the same as your domestic car insurance policy if you have an accident whilst in say Spain or Portugal of say £250, oooh no! The average accidental excess in Spain is £839 and in Portugal is £903 but the EWI and tyre and glass cover is just £99.10 and £87.55 respectively for 7 days cover.

Oh, and if you venture off the main roads in Greece, Spain or many other holiday countries you could hit a pothole that makes our potholes look like dimples causing all manner of expensive damage to wheels, suspension, brakes, undercarriage etc. Andrew Brown of Post Office Travel Money said, ‘It’s a false economy to cut costs by sticking to the basic cost when booking car rental online.

English: An old AVIS Car Rental advert on a si...

English: An old AVIS Car Rental advert on a side of a building. (Photo credit: Wikipedia)

What’s more don’t leave it till you get to your holiday destination to find out what the hire car will really cost. Calculate all the costs by doing your homework in advance to find out the realistic price of car rental and holiday motoring.’ Good advice there from Mr Brown. Happy holiday! By Graham Hill

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