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insurance4car hire.com - The Observer compares costs March 2008


March 2008

Huma Qureshi who is a personal finance and property writer for The Observer and who recently won the most promising newcomer award from the British Insurance Broker's Association wrote an article in The Observer on Sunday 9th March.

The article was entitled "An answer to the excesses of car hire firms" wrote that Insurance4carhire.com, a specialist insurer, says there has been a significant increase in the number of over-75s hiring cars abroad. 'With 75 being the new 65, growing numbers of older travellers are determined to continue driving as part of their holiday,' says Larry Ursich, a spokesman for the online insurer. 'But senior citizens are often on a restricted bud When you hire a car in the UK or Europe, the quoted price will include fully comprehensive insurance for any named drivers. When you pick up the car, you can be charged extra for voluntary protection to reduce the excess payable in the event of a collision. For overseas rentals, that excess charge is much higher - it can be as much as £1,000, compared with around £500 on rentals in the UK.

Larry Ursich who established insurance4carhire.com in 2002 went on to say "'Drivers can be liable for as much as £1,000 should the car suffer any kind of damage or be stolen"

The article went onto advise that" When The Observer called Avis to hire a car for five days in Bordeaux, we were offered a Renault Clio for £192.84 with unlimited mileage and a £750 excess. Avis's voluntary excess cover was around £10 (€12.50) a day (an extra £50) - more than double the daily charge from Insurance4carhire" In December 2007 Insurance4carhire was acquired by the Towergate Partnership, the largest independently owned insurance intermediary in Europe. Insurance4carhire.com is a trading name of Towergate Underwriting Group Ltd which is authorised and regulated by the Financial Services Authority.

Notes about this Press Release

Founded in 2002 Insurance 4 Car Hire is an innovative online insurance company whose core business is the provision of car rental Excess insurance. The business was born out of the high costs being charged by the car rental companies for Excess cover. Insurance4carhire strives to bring customers annual Excess insurance products offering customers convenience, peace of mind and very significant savings when they rent cars.

In 2005, for the second year running, Insurance4carhire received the accolade of "World's Leading Innovative Ecommerce Travel Product" from The World Travel Awards. These annual awards celebrate achievement in the travel industry and are based on votes cast by travel industry professionals throughout Europe.

To reflect the increasingly global reach of its products, Insurance4carhire changed underwriters to AIG UK Ltd, a member company of American International Group, Inc., (AIG) in December 2007. AIG is one of the worlds leading insurance companies with operations in more than 130 countries.

Insurance 4 Car Hire is now part of the Towergate Partnership the largest independently owned insurance intermediary in Europe.

Source: Insurance4carhire.com


New: Renting a van in the UK/Europe and looking for van hire excess insurance from insuremyvan.com? Click Here

See also - other Insurance4carhire.com Press Releases + Blog notes

Insurance4carhire.com the Car hire insurance specialist lowers costs of Annual European Policies Press Release -July 2010

Renting a car close to home, can I buy car hire excess insurance? Blog July 09

Insurance4carhire.com's Best Drives in the US - January 2009

Money saving, Peace of Mind and Top Tips from Insurance4carhire.com this Winter - December 2008

Insurance4carhire.com appoints Hills Balfour Synergy for PR Representation - December 2008

Don't forget to take car hire excess insurance and travel insurance for a Christmas or New Year break - December 2008

Drivers Down Under Hit by biggest Car Hire Excess Charges – Don’t go the distance without protection, warns INSURANCE4CARHIRE.COM - Excess charges incurred by drivers in Australia disproportionately high compared to other motorists - June 2008

Drivers Abroad are stumped by hefty Car Rental Excess costs, but could save £££’s on the holiday budget with an annual policy - April 2008

Confusing car rental jargon, unclear insurance policies and excessive excess – The Big 3 pitfalls that can leave you out of pocket when hiring a car on holiday, warns Insurance4car.com - April 2008

Age no barrier to protection for older drivers – Low cost excess waiver policy helps over 75s stay on the Road - March 2008

Brits set to get stung this Easter with Sky-High excess insurance costs – EU car rental firms cash in on UK drivers with massive excess charges - March 2008

insurance4car hire.com - March 2008

Brits go holiday crazy reckons major survey – but Insurance4carhire.com says watch out for excess car hire charges - March 2008

Trusting travelers tripped up by Holiday Car Hire pitfalls – Wise up or pay up, says Innsurance4carhire.com - March 2008

The Great Excess Insurance rip-off - EU Car Rental firms fleece Brit drivers with massive excess Penalties - February 2008

Towergate Partnership announces the acquisition of Insurance 4 Car Hire Agents Ltd - January 2008

Lower prices for car hire excess insurance from December - December 2007

Annual Car Rental Insurance Renewal is here again - October 2007

ALSO: Exercise your constitutional rights in the air - January 2001

 


 

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