Car Rental Giant’s ‘Collision Damage Monopoly’ Under Pressure from Insurance Backed Startups

PR4

Global insurance companies in Australia have the major car rental giants in their sights as they continue to make inroads into the car rental insurance monopoly or Collision Damage Waiver  (CDW) as it is called in the industry.

Companies like Allianz Global Assistance, AXA, Chubb and QBE are partnering with next generation startups that allow consumers to conveniently insure their rental cars at a fraction of the cost of the rental companies……more>

Another Kangaroo Review….

Australia Northern Territory outback Kangaroo road sign
5 out of 5, reviewed on Nov 02, 2015
http://www.productreview.com.au/r/tripcover/830125.html
Though we only went to Darwin for 11-days, I thought not to take a chance of taking extra insurance that is reasonable and affordable. I must admit I had apprehension in taking insurance. Often I heard dodgy stories but after searching online review, Tripcover appeared on the toplist and opted to take insurance through them. We hired a car through Thrifty but unfortunately our car was hit by kanga roo on our way to Katherine Gorge and damaged and split the front skirt. Upon our return, I rang Tripcover and reported the incident. Immediately they sent me the Claim # and all the requirements. I submitted all the official and necessary documents to expedite my claim. Within 5-working days, I was refunded all the expense I incurred. Tripcover has kept to its standard of honesty and integrity….I’ll definitely make another transaction again with them in our future trip and would highly recommend. Thanks to all Tripcover staff as each of those I talked to, were very helpful…”

A Typical Greedy Car Rental Company

budget-car-hire
Check this out and see why finding an alternative to the car rental companies’ insurance is a necessity. If you have ever rented a car in Australia or New Zealand you will notice the sinking feeling you get while at the rental desk.

We have been in the car rental industry for over 15 years and the one thing that we found that the customer hated is dealing with the insurance.

Below are the rates of a typical greedy car rental company for their CDW
(Collision Damage Waiver – they are not allowed to refer to it as insurance)

  • They leave you with $6000 liability
  • For $38 a day they reduce your liability to $1100
  • For $49 a day they will reduce your liability to $550

That can be more than the rental itself!

Alternatively Tripcover’s rates start from $9.30 per day with a $300 excess and
reduces down to $5.61 over a 15 day rental.

Jane_doe

Another Good Reason to Take Out a Tripcover Policy

kangaroo-road-sign-australia

ProductReview Quote:
“I rented a car in late June to drive to southern Victoria with my family. On our way to Melbourne, we hit a kangaroo at a very slow speed.It damaged a fog light and broke the bumper. The result was a big repair bill. Thankfully, I bought Tripcover insurance for the trip. After I got the invoice from the car rental company, I filled in the claim form and attached the invoice, rental contract and damage report to the insurance company. They asked for the detailed invoice and within about 10 days, i got my reimbursement less a small amount. I would use Tripcover again.” Alf

And don’t for get that AAA members can now use their 16 digit membership card number to get a 5% discount with Tripcover.