According to one of the leading low providers of comprehensive car insurance in the UK, people travelling to US would face a car hire insurance of 34 per cent. This rate has increased drastically because of the exchange rates in the past two years. The car insurance company said that if the UK travellers bought the insurance cover in UK car insurance supermarket itself before leaving for the US, they could save about 50 per cent.
Currently, the US dollar is 1.48 to UK Pound whereas two years ago in the year 2008, it was 1.98 to the UK Pound. Earlier, if the UK travellers bought car hire insurance from a rental company in the US at 15 dollars per day, the GBP had cost them 106.06 for two weeks but currently, it would cost them 141.89 GBP.
The car insurance company advised the UK travellers that buying car hire insurance in UK for holidaying in the US for two weeks would be a feasible idea as it would cost them only GBP 69.86, giving them a chance to save up more than GBP 72.
The CEO and founder of the car insurance company had said that though US is a great destination place but is relatively expensive for the travellers from UK. Buying insurance before flying down is a more feasible option to save money. UK car insurance companies could also offer better security through coverage for carjacking and road rage.
More than a million UK visitors rent a car while on holiday in the US. Therefore, it is necessary to cut down on the cost and save a lot of money. Most companies in the US offer the car hire service with and without insurance. It is, therefore, even more necessary for the travellers to understand what kind of car hire service they are dealing in.
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