iCarhireinsurance.com issued a news release late last week "Over £800M Wasted on Over-Priced Hire Car Insurance Policies"
Apparently £1bn a year spent on excess cover by European hire car drivers - £803m could be saved on insurance if bought in advance - Car rental companies charging 'over the odds'
Equally staggering is the amount of money that could be saved if cover was simply bought before customers arrived at the car-rental desk. The study discovered hire car drivers could be £803m better off each year if they planned their excess insurance and bought it online.
According to 2006 Datamonitor figures, there are due to be 255 million car rental days in Europe this year, with 45% of drivers taking out such cover. The average price charged by car rental desks across the continent is £9.99 a day. But with iCarhireinsurance.com's daily excess policy costing just £2.99 a day, drivers could save £7 a day. Customers taking a two week rental could be almost £100 better off by purchasing an annual policy at only £39.99.
Find out more about this news release at: http://www.insurance4carrental.com/iCarhireinsurance_wasted_June10.htm