October 15, 2013 08:45 ET

Hire Cars Cost Around 100% More Again With Extras at the Rental Desk

LONDON, UNITED KINGDOM--(Marketwired - Oct. 15, 2013) - Five out of seven family-favourite destinations this October half-term will require travellers to pay over 100% again for their car hire once added extras are bought at the rental desk.

According to research by iCarhireinsurance.com, the leading standalone provider of car hire excess insurance, the headline price only represents about half of the total cost that is needed by families for a week's car hire.

iCarhireinsurance.com compared the prices of five rental companies for a week's hire, 26 Oct to 2 Nov, of a compact family car, e.g., a VW Golf, in the seven popular get-aways of Cyprus, Tenerife, Faro, Nice, Dubrovnik, Milan and Barcelona, together with the costs for added extras including a child's car seat, an extra driver, excess waiver insurance and a sat nav.

In Tenerife, for example a family hiring a VW Golf, or similar, will pay on average £151 for the week's hire but will pay out £262 at the rental desk when they pick their car up - an extra 174%.

This is paying £53 for a child's car seat, £54 for an extra driver costing, £56 for a sat nav and car hire excess insurance, to protect them against the first part of any insurance claim (which can be up to £1500), costing £99 for the week, making a grand total of £262.

"Car hire companies are making their profit on charging an initial low fee for car hire and making up their profit margins at the rental desk," said Ernesto Suarez, founder and CEO of iCarhireinsurance.com. "Take your own sat nav, your own child's seat, don't pay for an extra driver but above all don't pay for car hire insurance at the rental desk. There is no need to buy anything when you pick up your hire car."

Car hire excess insurance is the biggest single outlay at the rental desk, and families could be paying up to £310 for a week's cover in Milan with Europcar, £240 with Budget in Dubrovnik and around £200 in Faro also with Europcar.

An iCarhireinsurance.com daily policy is only £2.99 (from £39.99 for an annual policy), and also protects vulnerable parts of the vehicle, including the tyres and windscreen, which are frequently excluded from rental desk companies' policies.

To read the full release visit https://www.icarhireinsurance.com/main-news/hire-cars-cost-around-100-more-again-with-extras-at-the-rental-desk.html

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