A survey carried out by a car hire insurance website has found that vehicle rental rates in Europe have skyrocketed for the school half term holidays. The researchers checked out the rates of the Big Five hire companies for this week and for two weeks time. The Big Five are Avis, Budget, Europcar, Hertz and Sixt.
iCarhireinsurance says the increase for the holidays in the Algarve town of Faro sees the price for a standard saloon car for the week jump to £152. As soon as the holidays are over it drops to £82.
On Cyprus, UK holidaymakers in Larnaca are expected to pay £142 for the week which is £51 higher than the average cost in November. In France’s Cote d’Azur resort of Nice the price for rental rises from £160 to £219 for half term.
Although hire companies have increased daily and weekly rates in these locations by huge amounts for the period between 24 October and 1 November, rises are less obvious in other places such as Tenerife and Barcelona. The latter sees average prices go up by £5 to £145 and in Tenerife a rise of £13 to £84.
iCarhireinsurance says that while rental rates have gone up for the week, add-ons have not. The company’s founder says renters can pay up to £104 for a week’s worth of excess insurance cover. He says it is far better to take out a policy with a company such as his or buy daily insurance through an internet comparison website.