Thursday 25 July 2013

Car Rental companies are charging on average almost five times more than online insurance providers

A press release from iCarhireinsurance.com, the leading provider of standalone excess insurance provider has just been issued today.

GBP £434M spent in 2012 on excess policies by UK Hire Car Drivers  - GBP £345M could have been saved on insurance if it was bought in advance!

In 2012 an estimated GBP £434 million was spent on rental desk excess cover by UK drivers of rental vehicles at home and abroad, but new YouGov research from iCarhireinsurance.com, the leading provider of standalone excess insurance, has found that drivers could have saved GBP £345 million in total if they had bought it online from an independent provider before picking up the car.
Rental desks charge on average almost five times more than online providers for excess insurance, but the worst offenders can charge more than eight times, a truly eye-watering amount. e.g., Excess cover from Avis for a week in Corfu in June costs GBP £204.64 (GBP £25.58 a day) for a standard family car, that's GBP £180 more than buying a stand-alone policy through independent UK websites such as iCarhireinsurance.com before pick-up.

The YouGov research found that 33% of the UK adult population hired a vehicle in 2012, On average these people hired vehicles for 6.25 days in 2012 at an average daily cost of GBP £14.62 per day and almost a third of these (29%) have purchased excess insurance. It is therefore estimated that, assuming everyone bought their excess insurance from the hire desk, GBP £434m was spent by UK travellers in 2012 to protect themselves against high excess charges of up to GBP £2,000 a time for accidental damage and theft.

An iCarhireinsurance.com daily excess policy costs GBP £2.99 a day, so drivers paid GBP 141 million (or GBP £11.63 per rental day) more than they had to. Customers taking a two week rental or planning additional trips later in the year could have been even better off by purchasing an annual policy at only GBP £39.99. iCarhireinsurance.com's products are also more comprehensive than those sold at car rental desks.

Ernesto Suarez, founder and CEO of iCarhireinsurance.com said, "The amount of money that can be saved just by sorting out your excess in advance is incredible. Not only are our policies a fifth of the average price of those offered by the rental companies, they also cover the most vulnerable parts of the vehicle, which are usually excluded from the rental companies' policies."

For full details of iCarhireinsurance.com Car Hire Excess Insurance - Van Hire Excess Insurance - Car Club Insurance visit: http://affiliate.haloinsurance.com/idevaffiliate.php?id=107

SOURCE: iCarhireinsurance.com 25-7-13

1 comment:

Dallas Auto Insurance quote said...

There are many companies that provide variety of insurance plans as it regards to your life security. Nowadays, everything is available for sale online, even insurance policies.