Save big $$$ on hire car excess insurance - Money Tip without the Boring Stuff

A big thank you to Mick for this one.

Mick travels a lot and has shared this fantastic tip to save money on Damage Waiver Excess Insurance that car hire companies entice you to pay.    You know the drill.  You front up to pick up the keys and sort out the paperwork and then they ask if you would like to purchase insurance to waive the excess which is usually a daily charge.  You smell a rat, but you are in a bind as you don’t want to risk it.  If you had an accident or your car was stolen you might be liable to pay  thousands of dollars.  It would certainly put a dampener on the holiday.

However, did you know that travel insurance provided by various companies already covers this excess (in the fine print)?   Even if you travel domestically you can purchase travel insurance for medical, unexpected cancellation, lost luggage etc. Read more