MyFinances.co.uk
News feeds Free newsletter

All the latest personal finance news - helping you make the most of your money

Insurance companies

Click below for a cheaper quote on ... 

New older driver rental protection insurance

Tuesday, 04 Mar 2008 16:24
Insurance4carhire.com is launching a new car insurance policy aimed at drivers over 75 hiring abroad.

The insurance policies protect against claims for excess on the vehicle – including damage to tyres, undercarriage and windows , often not covered car hire companies' excess waiver policies.

Larry Ursich, at Insurance4carhire.com, said: “With 75 being the new 65, growing numbers of older travellers are determined to continue driving as part of their holiday and are seeking out those car hire companies who do not discriminate against them because of their age.

"But when faced with the punitive daily levy charged by car hire companies for their excess protection policy, the deal can be so costly that even the most indomitable drivers could decide it’s just not worth the expense.

"It’s bad enough for most people, but for senior citizens who are often on a restricted budget, an expensive excess charge is something they can ill afford."

He went on to explain hiring a car without excess protection is a big financial risk could lead to costs of as much as £1,000 should the rental vehicle suffer any kind of damage or be stolen.

Annual cover for excesses on damage, valid for 31 days of continuous days in any one rental period, is available from £65 for Europe and £75 worldwide for drivers aged 75 to 85.

Disclaimer:
myfinances.co.uk is not authorised to give advice under the Financial Services and Markets Act 2000.

Terms:
By using this site, you are deemed to have accepted our terms of use.

myfinances poll 

As a global banking crisis hits, we want to know how the crisis is affecting you. Is your money safe? Vote now and tell us your views.

Free stuff 

Sign up for our free daily newsletter and other free stuff.