Car insurance is a must when you own your car, but it is a good idea to get insurance even if you are renting or leasing a car. When it comes to Contract Hire and Leasing , different factors affect your insurance deal.
Many people choose not to opt for rental insurance over the counter while renting the car. In fact, most lease deals do not include any cover insurance at all! This can be a good thing as we are free to choose the best insurance deal we can get.
There are several online insurance companies which can make life much easier. Purchasing insurance online can not only be convenient, it can also be much cheaper. Online establishments can afford to provide very competitive rates, because they can save money on infrastructure and overheads like an office etc.
Contract hire deals are available for different periods of time. The lease can be extended from a few months to about three years and there is usually a mileage cap on new vehicles. The insurance and maintenance aspect of the vehicle falls on the customer.
Maintenance, repair and damage costs are covered by the rental insurance. Needless to say, there are different types of policies available. These include third party cover, anti theft cover, comprehensive cover etc.