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Wednesday, 09 May 2012 13:54

The Guardian Recommends

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Saturday's Money Guardian (5 May) looked at sharing cars using the website

"Love thy neighbour, drive their car" is WhipCar's motto, and to date it has built up a database of 19,000 owners willing to rent out their car for around £8 an hour, or £30 a day.  Not a bad way to earn a bit of extra cash if your car is sitting idle.


As the Guardian journalist, Miles Brignall said: "The key to its success has been its insurance model. While the car is being hired out it is comprehensively covered by WhipCar's own insurance policy - so if the car is written off by a hirer it will not affect the owner's insurance policy, and raise premiums as a result."

Then if drivers wish to reduce their excess from Whipcar's £500 to zero, the article recommends, "buying excess cover from, which costs £3 a day (£40 for an annual policy) and reduces the excess to zero." is the only company to provide excess insurance tailored to car club users.


Last modified on Wednesday, 16 October 2013 13:11
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