A new survey, by iCarhireinsurance.com, a leading provider of car hire excess insurance, compared the cost of renting a hire car in popular winter sun destinations, Larnaca, Bodrum, Faro, Tenerife and Barcelona, for a week from 10 _17 November 2018, from five rental companies, Hertz, Avis, Budget, Europcar and Enterprise.
Hiring from Europcar in Larnaca costs £83, however purchasing extras at the rental desk can push the price to four times this, taking the final cost to £365, if they buy Super Damage Waiver (£79), Tyre and Windscreen Excess (£46), an extra driver (£45), a Sat Nav (£54) and a child’s car seat (£58).
The most expensive place to hire a car is Tenerife, where a week’s hire is £165 on average, followed by Bodrum costing £141, Barcelona £120, Faro £93 and Larnaca £77. Extra purchases in all destinations can rack up the final price with Super Damage Waiver costing on average £81, Tyre and Windscreen Waiver £27, an extra driver £42, a Sat Nav £54, and a child’s car seat £42.
It pays to shop around for car hire and extras as there were some large price differences amongst the rental companies in the study. For example, while Budget only charges £110 for a week’s rental in Tenerife, Avis charge a more-hefty £268 for the same category of car. Likewise, in Faro, Enterprise only charges £85 for a week’s hire, but hiring from Hertz is double this, costing £161. Also, in Faro, Avis charged a reasonable £89 for a week’s rental, but its Super Damage Waiver costs over £200.
Paying for excess waiver cover is the costliest expense when picking up a hire car. It protects a driver from the excess amount in the event of a claim, and in this study costs £125* a week on average from the rental companies. It can be bought from specialist insurance companies, like iCarhireinsurance.com, to avoid buying it from the rental companies, and costs from only £2.99 a day, or £39.99 for an annual policy for European cover.
Ernesto Suarez, founder and Chief Executive of iCarhireinsurance.com said: “Car hire costs can be a minefield and it pays to do your research thoroughly. Looking at the headline price only can leave travellers with a nasty shock at the rental desk. Always compare costs between companies and look at all the extra costs you might need as well, and preferably plan ahead so you don’t need to hire things like a sat nav or a child’s car seat and buy car hire excess insurance from an independent provider, like iCarhireinsurance.com. These simple steps could save you a small fortune.”
*Across the five rental companies surveyed, the average price for the week for Super Damage Waiver is £81, Super Theft Waiver is £17 and Tyre and Windscreen Waiver is £27, totalling £125.