Car insurance excess insurance

raddy59

After an accident I now have a hire car. They are charging me £10/day insurance. I agreed as i have a £500 excess - I already owe £500 for my initial claim and I dont need another excess payout on the hire car if I have an accident in that. Someone suggested it would be cheaper if I take out hire car excess insurance and revert my cover back to my own motor policy.? Is that possible

Bigphil1474

What is the £10 per day for? Normally you are covered on the same policy as your own car when you have a hire car as part of an accident claim, unless you have sorted the hire car yourself. Is it a no fault claim? You need to work out what the £10 per day is for, and speak to your insurers.

DullGreyGuy

raddy59 said:

After an accident I now have a hire car. They are charging me £10/day insurance. I agreed as i have a £500 excess - I already owe £500 for my initial claim and I dont need another excess payout on the hire car if I have an accident in that. Someone suggested it would be cheaper if I take out hire car excess insurance and revert my cover back to my own motor policy.? Is that possible

It's not clear exactly what's going on... sounds like you've got a hire car that is covered by the hire car company's insurance and you are buying a waiver from them on the excess? (note an excess waiver/CDW bought from a hire company isn't insurance). 

You seem to be suggesting asking your insurers to cover the hire car for you and then buying a hire car excess insurance? You would need to be careful with the excess insurance, I certainly know some won't cover the excess if its insured by your own policy rather than the hire car company's

You in principle have the option of leaving it under the hire car company's insurance but buying excess insurance independently. If they are saying it will only be TPO insurance and you want Comp then you could go the own insurance option but buy general excess insurance rather than hire car excess insurance. 

Having already committed to one method in the first instance speak to the hire company to see if you can switch mid hire