Maximize your holiday enjoyment by exploring the vibrant landscapes of Greece at your own pace – a feat made possible through the convenience of car rental. However, it’s essential to understand that car insurance in Greece is not just an option; it's a requirement for all rental vehicles. This guide offers you a comprehensive breakdown of car insurance Greece essentials, ensuring your driving experience is not only memorable but also fully compliant with local regulations.
Let's dive into the intricacies of securing the right car insurance in Greece for your rental car, making your Greek escapade both safe and spectacular.
Car Rental Insurance In Greece
In Greece, car insurance is a crucial component of the car rental contract, and it is mandatory to have at least basic coverage before you can rent a car. This insurance is primarily beneficial to the renter, offering financial protection against potential costs arising from accidents for which they are at fault, or if the vehicle incurs damage or is totaled.
There are different types of insurance, each designed to safeguard against specific risks. Consequently, car rental agreements typically present multiple insurance selections to cater to varying levels of coverage. Most drivers opt for comprehensive insurance to ensure the highest level of protection while renting a vehicle.
Types of car insurance for Rental Car in Greece
Car insurance is available in two primary forms
- standard (or basic)
- extended coverage.
Your choice between these options will be influenced by your personal risk tolerance, budgetary constraints, and the regulations set forth by the rental company. In Greece, the price for car rental insurance, like the rental rate itself, is determined based on the duration for which the vehicle is used.
Standard insurance for Rental Car in Greece
Standard Insurance Inclusion
- Included in the base car rental rate.
Theft Protection (TP)
- Covers car theft.
- Includes a deductible, which is specified in the agreement.
- Deductible amounts may vary by the type of insurance.
- Personal items inside the car are not covered.
Deductible
- Represents the renter's maximum financial liability.
- Limits the renter's payment to the deductible amount if the rental terms are met.
- It varies by car and insurance type.
- It is different from a deposit.
Third Party Liability (TPL)
- Covers damages caused by the renter to others in an accident.
- Insurance pays for third-party repairs if the renter is at fault.
- Without extended insurance (CDW, SCDW, FDW), the renter pays for rental car repairs.
- If the renter is not at fault, damages are covered by the at-fault driver’s insurance.
