Martin Lewis has issued a warning to vacationers about a rental car trap that results in consumers paying exorbitant insurance fees.
The money-saving expert claimed in his newsletter that horror stories offered to clients when they pick up their cars induce them to pay for “excess cover insurance.”
“Car hire usually comes with basic insurance,” he claimed. “However, at the pick-up desk, they almost always try to push you to get ‘excess cover insurance,’ which can cost up to £25/day, using scare stories of huge bills for just a scratch – or sometimes implying you have to do it.”
It is preferable to purchase insurance in advance, which might run drivers as little as £2 per day.
Mr. Lewis further cautioned that the pick-up desk might try to claim that the pre-purchased insurance won’t be effective while pressuring Britons to submit a £1,000 refundable deposit.
As long as you have one, it’s not a problem, he said. Just remain composed and carry on.
Compare the Market, Go Compare, Money Saving Expert, and other comparison websites all have affordable auto insurance options.
If they reserve with vehicle rental companies or outlets located outside the airport, drivers could save up to £200.
Mr. Lewis cautioned against renting items like satnavs or child car seats because they can cost more to rent than to purchase outright.
Holidaymakers can also check a child’s car seat for free with several flights.