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 Urisch 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.

Looking  for car hire excess insurance? Click on logo

Please note, all details on any of the Insurance industry Press Releases displayed on this site are provided by insurance companies, organisations, Government departments and media and jml Property Services does not take any responsibilty for their content or accuracy.

Return to Press Releases from the insurance industry