Higher Excess Rates Lead Holidaymakers to View Car Hire Insurance as 'Financial Must- Have' PR Newswire LONDON, July 4, 2012 LONDON, July 4, 2012 /PRNewswire/ -- Families hiring cars in S p a i n can save a considerable sum by buying car hire insurance in advance Rising exposure to car hire excesses are leading car hirers to view excess insurance as a 'must-have' financial product With excess liability levels rising by over a third for some of those renting popular Economy or Compact sized cars in Spain, Moneymaxim.co.uk, the UK's leading experts on car hire insurance, believe that car renters now view car hire excess insurance as a 'must-have' product when hiring a car. Car hire companies typically hold car renters liable for any damage to the car, or in the event of its theft, up to the amount of the excess. With the school holidays just around the corner those looking to hire a car in Spain this summer could be facing the prospect of a big jump in the excess they are liable for when hiring a car. thFrom 11 July renting a Hertz car in Spain will mean accepting an excess of €900 (previously €670) for a small Economy car such as a Seat Ibiza, or €1050 (previously €775) in the case of an Opal Astra. And whilst Hertz offer to waive the excess if the in house SuperCover product is purchased this costs £109.66 a week for the Ibiza, or an eye watering £249.56 if hiring an Astra for two weeks. Mark Bower, Managing Director of http://www.moneymaxim.co.