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Annual Car Hire Excess Insurance

If you travel and hire cars regularly, our annual car hire excess insurance is perfect for you. It means that you can purchase it once for the year, rather than purchasing car hire excess insurance on a trip-by-trip basis.

It also means that you can make a saving, as an annual policy often works out cheaper for the customer on a daily basis. Pay once and you’re covered for unlimited rentals of up to 30 days each, from just £35 for the year (price includes IPT).

Road to Mount Fuji, Japan

What is annual car hire excess insurance?

An annual car hire excess insurance policy will cover you for an excess fee due on your hire car should you damage it in any way. Often these excess fees are poorly explained and result in a huge cost for you, the customer, when you believed that you were fully covered. Annual car excess insurance means that if you’re involved in an accident, theft or collision in a hire car anytime during the year your policy is valid we pay the excess cost and any other costs outlined in the policy, saving you money.

Our annual excess insurance, as well as our single trip excess insurance, cover a wide range of issues that might occur during your car rental from accidents and damage to putting the wrong fuel in your hire car or losing the keys.

Stay protected by making sure you always have the car hire excess cover you need, whenever you’re on the road. With this kind of cover, you can make sure a small amount of money upfront covers you in the case of damage to your hired car which could be considerably more.

Annual Car Hire Excess Insurance Cover

The purpose of our car hire excess insurance is to provide you with cover for losses you may be liable to pay when renting a car. This can be both the excess and additional costs over and above the amount you are covered for under the terms of your car rental agreement. Our excess insurance includes:

  • Excess for damage, fire, vandalism and theft up to £6,000 per incident
  • Any damage to windows, undercarriage, roof, tyres
  • Lost, stolen or damaged car rental key cover up to £500 per claim
  • Towing costs from breakdown or accidental damage
  • Misfueling cover
  • Out of standard hours charges due to a delayed flight
  • Annual policies – number of rentals per year of up to 30 days at a time
  • You and anyone named on the car hire rental agreement are covered
  • Available to everyone aged 21-85 with a valid UK driving licence
  • CDW included with our USA & Canada policies

Annual Car Hire Excess Insurance Exclusions

  • Max cover 62 days per single trip policy and 30 days per annual policy
  • Policyholder and all insured persons must be between 21 and 85 years of age
  • Not available if you have already collected your rental car
  • Policyholder must be lead name on rental agreement
  • Maximum cover £7000 per policy
  • Cover only applies to drivers named on the rental agreement
  • Maximum retail value of hire car £60,000
  • Maximum retail age of vehicle 20 years
  • Claims arising from operation of the rental car in violation of the car rental agreement
  • Claims arising from mechanical or electrical breakdown – other than towing costs

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When is it best to take out an annual excess policy?

While you can purchase an annual excess waiver insurance policy when you go to pick up your rental, you will always benefit from taking out an annual policy in advance.


Doing your research means that you can understand exactly what the policy will cover, and can compare prices and companies while you are relaxed and have time to make the best decision for yourself – and your wallet. It’s always better to take a policy out in advance when you are not being pressurized by pushy sales tactics.

Why do I need hire car excess insurance?

When you turn up at the car hire rental company and expect to pick up your keys and hit the road, you’ll often be hit by a barrage of offers for products you’ve never heard of before. These products come at an additional cost, above and beyond the price of your hire car – and can include everything from personal injury cover to breakdown cover.


It’s important you do your research in advance, so that you can be protected while also saving yourself a great deal of money. The prices at the desk are always higher than if you had purchased in advance with


Even with these additional products sold at the car hire desk, it’s important to note that the customer is still liable for damage or theft of the hire car to a certain degree. The majority of insurance policies will expect the customer to meet an excess fee, which can fall anywhere from £500 to £2000 from one car hire desk to another. removes this excess charge without the need to pay excessive daily fees to the car hire company when you get to the desk. Buying an annual excess policy with us means you’ll be covered for an unlimited number of trips, so long as each car hire rental doesn’t last more than 30 days.

How does excess insurance function?

Let’s assume that in the terms and conditions of your insurance policy, your insurance provider states there is an excess fee of £500 before any claims are settled. Now let us assume all of the windows of your hired vehicle are broken. You make a claim and the total cost of repairs amounts to 1,200 pounds. Before the claim is settled by the insurance company you will need to pay the excess fee.


You make a claim and the total cost of repairs amounts to 1,200 pounds. Before the claim is settled by the insurance company you will need to pay the excess fee. In theory, you have paid £500 towards the damages (the excess fee) and your insurance company has covered the remaining £700.


There are many factors that will determine how large your excess fee is including type of vehicle, the age of the driver, how many years experience the driver has and whether they have any past insurance claims.


To make sure you don’t get stuck with that £500 bill, a car hire excess insurance policy will cover that excess fee in return for a daily payment of around £5 a day for as long as you are renting the vehicle.


This small daily payment will ensure that if you do have an accident or are the victim of a crime, and need to make a claim, you won’t have to pay anything, giving you peace of mind on your travels.

Policy Documents

The world offers so many opportunities for great driving holidays. Whether driving along the Great Ocean Road in Victoria, Australia or skirting along the Garden Route in South Africa there is no shortage of asphalt to pound.

Our policies offer coverage for accidental damage, fire, vandalism and theft as well as covering you for damage to the windows and tyres. However, before buying and travelling you should familiarise yourself with all the details and exclusions our worldwide policy offers by carefully reading our policy and key fact documents.

Single Trip Policy Wording

Annual Policy Wording

Key Facts - Policy Wording

Car Hire Excess Around the World


Our UK and European insurance policy is perfect for family driving holidays or weekends away in the countryside in a hire car. If you are planning on making multiple trips to Europe this year or are planning on hiring a car for more than 17 days then our annual policy will work out cheaper for you.

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If you are traveling to Australia, South Africa or somewhere else far flung then you’ll need our Worldwide excess insurance policy. If you are planning on hiring a car for three weeks or more then you should get our annual policy as it will work out cheaper than our 21 day daily policy.

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Traveling to USA, Canada, Mexico or South America? Car hire insurance is slightly different in these places as it does not include Collision Damage Waiver (CDW) in the policy, commonly included in the UK and Europe. Our policy has you covered with CDW included in our USA & Canada policies.

UK & Europe: Single
UK & Europe: Annual
World (ex. USA): Single
World (ex. USA): Annual
World (inc USA): Single
World (inc USA): Annual

All prices include IPT