Eight out of ten over 50s are planning to go on holiday this year and one in six of these people will hire a car so they can explore foreign cities on their own, according to research by Saga Travel Insurance.

However, driving abroad is not without its risks and if a rental car is stolen or damaged then people can be left facing a big bill, typically hire car companies charge an excess of anything up to £900 if you prang the car.

This is why rental companies often advise people to buy a hire car excess waiver policy when they rent a car. However, the policies can be expensive if you buy them direct from a hire car company when you pick up the rental vehicle. In fact, some may charge as much as £25 per day.

As such, Saga is now offering its customers the option to add hire car excess waiver insurance (HCEW) to their travel insurance policy from £2.70 a day. The policy also covers people if they lose their hire car keys or if they put the wrong fuel in the vehicle, which are not covered as standard by some car rental companies.

twn Are you sure that you want to switch to desktop version?