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"Adding just £50 to a voluntary excess will reduce your overall premium," says Niki Bolton from insurer Esure.
You can always reduce the cost of car hire abroad by not paying the voluntary excess insurance, but doing so is risky, according to Ursich.
Avis's voluntary excess cover was around £10 (€12.50) a day (an extra £50) - more than double the daily charge from Insurance4carhire.
You will, however, need to tell your car rental company when you make the booking that you have already taken out voluntary excess protection, to ensure that they don't try to add it on to their bill.
Motor insurance Knock pounds off your motor premium by opting for a higher voluntary excess - though you should only do this if you're happy this won't leave you out of pocket in the event of a claim.
You can usually lower your premium by increasing your voluntary excess, but you'll have to balance the risk of having to contribute more money in the event of a claim.
Similar(51)
You may be able to add a voluntary additional excess which can reduce your monthly premiums.
We see the voluntary return of excess liquidity to the ECB as a strong vote of confidence in the euro.
He splits commuters into two groups which were characterised as being "voluntary" or "involuntary" excess commuters.
First, voluntary holding of excess cash can be reduced by: (i) helping banks to track their positions at the central bank to prevent them from keeping reserves above statutory limits; (ii) consolidating institutions that are favorable to interbank lending; and (iii) improving infrastructure to prevent remote bank branches from holding excess reserves essentially due to transportation problems.
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.
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