Car excess - Making a whole lot of difference to your budget

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14 July 2010

When you rent out a car, you need to check whether the car excess has been included in it by the car rental company. When a car is rented, it comes along with some of the most basic of insurances such as third party liability in case of any damage or injury and collision damage waiver. This varies from country to country.

It is a good idea to check this thoroughly before renting the car. This will actually help you to save a whole deal of money. The car excess that might be charged can be as high as $3000 and as low as $300. This is what the car company expects one to pay towards the basic form of insurance that the rental car comes to you at. In case if one wants to avoid the payment of car excess than there is a way out by paying for top up insurance to the rental company. However, this will work out to be far more costly then a car excess and the amount that you would end up paying towards it.

It is certainly advantageous to have this kind of policy on the car rental, but you should also consider getting it for your own car. If anything were to happen then you would not have to pay a dime and the cost would be paid by the insurance company. The policy is on a daily or annual basis. Just take some time to compare different insurance products at http://www.quotemywheels.com.au, as this will help you find a right policy with right premiums and car excess. If you go to a company screen (ie, Bingle car insurance) then you can see the excesses associated with each car insurance policy. It is the only tool of its type in Australia and includes over 60 companies and +200 policies.