The avios.com website is pretty thin on the ground now when it comes to redemption options. If you haven’t visited recently you might not have noticed.
One option which is still there is redeeming Avios for car hire excess insurance.
Car rentals in the UK generally come with an excess of £750 – £1,000 – that is what Hertz quoted me just before Christmas. You can pay an additional sum to get rid of this but, if bought directly from the rental company, it tends to be disproportionately expensive.
A number of internet-only companies have sprung up to offer a better alternative – Insurance4CarHire is the biggest and is well regarded. You can buy an annual or one-off policy which will cover you for any claims you need to make.
Another option is to get an American Express Platinum charge card. You get a similar policy as one of the benefits. I claimed on this twice and have been refunded by Amex on both occasions with no difficulty, although you need to fill in a few forms.
A third option is to use your Avios to pay for a policy. It covers you and up to six other people for up to 56 days of rentals per year.
An annual policy costs either 12,000 Avios or you can pay £72 and earn 360 Avios back. This means that you getting 0.58p per Avios point. You can also buy policies for individual trips.
(To buy the annual policy, you need to ask the website for a quote for a short trip for random dates. You will then see two options – either to buy a policy just for those dates or to buy the annual policy.)
It certainly isn’t the best value Avios redemption out there, by a long way, but if you are Avios rich and cash poor then it is something worth bearing in mind. It is certainly far better value than buying excess cover from your rental company.
Click here to learn more at avios.com.
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