- Mon Apr 29, 2019 8:16 am
It is the game. You can buy annual cover against claims on your credit card deposit. This cover costs between 30-50 a year depending on company. I usually go through Martin Lewis' site to reduce the risk further.
This means you can put your own deposit down and enter the den of car hire companies. In exchange for this extra risk, you can get car hire cheaper.
COYS is well recommended, but such a reduced risk costs more naturally. You are buying and selling risk.
A company cannot insist you buy their cover in addition to the standard cover. They pressurise you, but if you have annual insurance, ignore them.
If you come once a year, go with COYS. If you come regularly and don’t mind medium risk then buy your own insurance.
If you do enter the den of car hire companies, you then have to work out which companies are more likely to hit you with a false claim. These vary from airport to airport. Alicante is usually ok, but if you go with a ultra cheap service be aware there is more risk than with a solid provider like Centauro.
To me, it is all about the level of risk you are comfortable with.