Halo Insurance

Halo Insurance

August 31, 2011 10:01 ET

Men Still Rule the Wheel When Driving Abroad-But Driving a Hire Car is Surprisingly Harmonious

LONDON, UNITED KINGDOM--(Marketwire - Aug. 31, 2011) - When it comes to driving abroad it appears that men are far more likely to do the driving than women. A new You Gov survey, commissioned by iCarhireinsurance.com, a leading online provider of car hire excess insurance, has found that 40% of men have driven a hire car abroad, compared with only 20% of women*.

Driving a hire car is also revealed to be a surprisingly stress-free experience amongst the 799 Britons surveyed who had driven a hire car with a partner:

  • Only 14% saying their partner criticised their driving**
  • Only 23% of people said that they had an argument with a partner when driving in a hire car**
  • And indeed only 8% had received a parking or speeding ticket when driving a hire car**
  • 40% had got lost at some point in a hire car**(but this is probably not far off an average weekend away anyway!)

"Hiring a car should be a relaxing experience, and without all the pressures of home life perhaps people are able to switch off and enjoy the view rather than poking jibes at a partner's driving!" said Ernesto Suarez, CEO and founder of iCarhireinsurance.com. "Our only advice, to make it as relaxing and kind on the pocket as possible, is to make sure that you 'buy' excess car hire insurance 'before you fly' as you could save over £200* on a 14 day car hire for instance compared with buying the insurance direct from the hire car company.

"It is shocking that many people are totally unaware that if their hire car is stolen or damaged in any way, even if it's just a small chip to the windscreen, they could end up with a large excess bill," said Ernesto Suarez.

iCarhireinsurance.com protects customers from these insurance risks at a price significantly lower than the car rental companies charge and also automatically covers damage to the tyres, windows, roof and undercarriage. Its policies start from only £2.99 a day (compared to approximately £17* per day) or annual cover for £39.99.

*The average Nil Excess Insurance in Table 1 is €21.42 per day. This multiplied by 14 (for a two week holiday) is €299.88 or £261.12 (currency exchange as of 18/8/2011 - 1 GBP = 1.15 EUR). Buying two weeks excess insurance cover from iCarhireinsurance.com is £2.99 a day, multiplied by 14 = £41.86. This gives a saving of £219.26.

Notes to Editors:

YouGovSurvey

The research was undertaken for iCarhireinsurance.com by YouGov Plc.

*Total sample size was 2007 adults, of which 1103 have hired a car. Fieldwork was undertaken between 29 July – 1 August 2011. The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18+).

**Total sample size was 799 adults who have hired a car. Fieldwork was undertaken between 1 – 4 April 2011. The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18+).

Table 1: Excess Insurance cost for UK resident renting a VW Golf class car in Barcelona (Barcelona Airport) for a three day rental from 29.07.2011 - 01.08.2011
Excess Only nil Excess Insurance Daily Excess Cost Rental Only Cost Rental + Insurance Excess % of Rental
Avis 730 52.58 (15.50 daily)
(Excess still £100
) 120.50 173.08 44 %
Budget 861 70.35 (23,45 daily)
(Excess still €43,37
) 164.24 234.59 43 %
Europcar 599 81.48 (27.16 daily ) 164.97 246.45 49 %
Hertz 800 69.03 (23.01 daily ) 147.18 216.21 47 %
Sixt 350 54.00 (18.00 daily ) 130.98 184.98 41 %

Background on iCarhireinsurance.com

Founded in 2009, iCarhireinsurance.com is a groundbreaking new online insurance service that takes the hassle out of hire car, car club and van hire insurance. It offers a range of policies that are fully comprehensive, simple to understand, unbeatable value and accepted at all car and van rental locations worldwide.

iCarhireinsurance.com is a registered trading name of Halo Insurance Services Limited. Halo Insurance Services Ltd was founded by Ernesto Suarez, a leading insurance professional with 13 years' experience in the industry.

Halo Insurance Services Limited is registered in England number 6929208. Authorised and regulated by the Financial Services Authority Register No. 504629 for the sale and administration of general insurance products in the United Kingdom and throughout the European Economic Area (EEA).

Halo Insurance Services Ltd is backed by Bridges Ventures and Magenta Partners.

www.icarhireinsurance.com

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