Specialist insurance solutions for your self-drive hire business
If your business hires out cars and commercial vehicles to members of the public or other businesses, you must have the appropriate insurances in place. Our specialist self-drive hire insurance brokerage team are available to help put policies in place to manage the risks and complexities you may face in running a business of this type.
NFP have access to a panel of insurers that can provide you with an annual policy to meet the insurance needs of your self-drive hire business. Our wide range of cover means the team can find the right package to suit your requirements.
Insuring a self-drive hire business can be challenging
Insurance is complex enough, especially when you operate in a sector like self-drive hire. By not consulting a specialist broker to design your insurance programme, you may leave your business vulnerable to:
- Gaps in your cover that you aren’t aware of
- Paying for more cover than you need
- Not insuring your vehicles for the correct value
- The risk of a time-consuming process when making a claim
- Risks that might lead to reputational and operational damage
NFP are your specialist self-drive hire insurance partner
Our dedicated self-drive insurance team are here to understand your business, uncover your risks and work alongside you to design an insurance solution for your vehicle hire business that ensures:
- Your insurance programme is suitable for your business
- You’re paying for right level of cover at the right price
- You get the support you need from our dedicated claims team, should you ever need to make a claim
- You receive recommendations to help keep your business protected in the future
What types of vehicles can we help you obtain cover for?
For new ventures - minimum of 10 vehicles required to quote or minimum of 5 vehicles with a confirmed claims experience.
Cars
Vans
Minibuses
Motorhomes
Splitter vans
Campervans
FAQs
Self-drive hire insurance provides coverage for vehicles rented by individuals or businesses for their own use. It typically includes protection against damage, theft, and liability while the vehicle is being used under the rental agreement. This insurance ensures peace of mind for both the renter and the rental company during the rental period.
An insurer’s preferred minimum of 10 vehicles is required to quote or minimum of 5 vehicles with a confirmed claims experience.
A Confirmed Claims Experience (CCE) is essential for quoting on existing SDH risks. A 3-year or 5-year picture from your current insurer/broker would be ideal to allow insurers to get the full picture of your claims history. We would require at least a 1-year minimum claims experience. Details of the vehicles within your existing fleet, current premiums and coverages are also essential to ensure we quote on a like-for-like basis.
For existing self-drive hire operators, premiums will vary depending on a multitude of factors, including your current insurer's pricing, your claims performance and location. For new ventures, we’re seeing minimum total premiums of £20,000* + IPT (insurance premium tax, levied at 12%)
To understand further about the factors that are currently affecting self-drive hire premiums, read our article here.
*this number is based on a minimum of 3 vehicles.
'Off-hire protection' refers to insurance for your rental vehicles when they're not currently in use, such as when driven by a specified driver or parked at your location. This coverage is included automatically at no extra expense.
While that is always an option, NFP understands that this payment method isn’t always viable for new startups. Therefore, we have access to a panel of reputable and leading third-party finance providers, allowing you to pay the annual premium off over 10, separate monthly instalments at competitive finance rates.
Request a quote from one of our self-drive hire insurance specialists
To discuss the requirements of your self-drive hire business, fill out the form below and one of our specialists will be in touch.
Risks we can help insure against:
- Accidental damage to your vehicles
- Fire and theft
- Third-party claims
- Motor breakdown and recovery
- Financial losses and legal fees
- Cyber attacks
Cover we can provide:
- Comprehensive insurance
- Cover for your vehicles whilst on and off-hire
- Motor legal expenses
- Directors’ and officers’ cover
- Roadside assistance and recovery (UK and abroad)
- Cyber liability insurance
What additional cover might a car or van rental business need?
Commercial legal expenses
Helping protect your business in times of dispute. Legal expenses can be costly and may arise unexpectedly due to incidents ranging from motor accidents to errors in decision-making.
Public and employers' liability
Your business could be liable for third-party injury or property damage claims from members of the public or employees. Without cover, considerable costs of this nature have the potential to threaten the growth and reputation of your business.
Cyber insurance
Cyber insurance protects against the devastating financial loss and reputational challenges associated with the ever-evolving dangers of cyber-attacks and scams.
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