Almost one-in-two holidaymakers think car-hire excess insurance polices are too high

The Daily Mail reported on the 9th July that according to a new survey, from research that was conducted by YouGov on behalf of iCarhireinsurance  almost a third of tourists (31 per cent) feel pressurised during their transactions with car-hire companies, and feel that they are being deliberately scared into buying excess waiver insurance by unscrupulous representatives.

The survey "uncovered widespread nervousness about excess insurance – the add-on policies that protect consumers against high charges if a car is lost, damaged or stolen

The amount in question varies from transaction to transaction, but can easily be up to £1,500, depending on the make of vehicle.

Excess sums can be stored on customers’ credit cards if they decide against taking out excess waiver policies – another cause of concern for holidaymakers.

Figures show that excess deposits in Europe have gone up by 22 per cent in the last year – while the price of excess waivers has increased by some 26 per cent.

Almost half of those surveyed – 45 per cent – said that they think the cost of excess policies is ‘a rip-off’."‘It’s a scandal that sky-high deposits are being used as a stick to beat with when people are trying to budget for a break,’ says Ernesto Suarez of iCarhireinsurance." Read the The Daily Mail's article Here

Find out more about iCarhireinsurance and its excess insurance waiver excess policies for car hire, van hire and car club hire here