New study reveals the cheapest countries to hire a car - after prices skyrocket across the world
Hi Larry, In recent months, the need for car hire across the world has skyrocketed, as well as the prices to go with it, which is why new research reveals the cheapest (& most expensive) cities around the world to hire a car. The study by Compare the Market <http://comparethemarket.com.au/> has analysed the average cost of car hire in some of the world’s most visited destinations to see which have the highest and lowest daily rates when it comes to car hire. You can view the research in full here: https://www.comparethemarket.com.au/car-insurance/features/2022-car-hire-index/ The most expensive cities to hire a car Rank City Country Average daily rental price (USD) 1 Singapore Singapore $115 2 Fukuoka Japan $105 3 Honolulu United States $98 4 Melbourne Australia $90 5 Vienna Austria $90 Singapore is the most expensive city to hire a car. In fact, the daily rate for car hire in Singapore is over eight times more expensive than that in Madrid, at $115. Although, given that Singapore is a small island, you can probably get around without hiring a car. Another pricey destination when it comes to car hire is Fukuoka, Japan, which ranks second place at an average cost of $105 per day. Two more US cities, Las Vegas and San Francisco also rank as the 11th and 13th most expensive cities for car hire. The cheapest cities to hire a car Rank City Country Average daily rental price (USD) 1 Madrid Spain $14 2 Lima Peru $25 3 Cancún Mexico $26 4 Kraków Poland $28 5 Moscow Russia $28 The cheapest destination for car hire was the Spanish capital of Madrid, where the average daily rate was just $14. Madrid is known for its beautiful boulevards, parks and galleries, all of which can be explored on foot or by using the city's Metro system. In second place was Lima, Peru, where a day’s car hire will cost an average of $25. Lima is a major stop on the Pan-American Highway, so if you want to hire a car for a road trip, Lima makes a great starting point to do so. Three US cities, Orlando, Miami and LA are ranked as the 13th, 14th and 16th cheapest cities respectively. Stephen Zeller, General Manager of General Insurance at Compare the Market <https://www.comparethemarket.com.au/car-insurance/> comments: “In wake of the COVID-19 pandemic, some travellers are wanting to avoid public transportation as much as possible in fear of catching the virus. One of the best ways to explore a city and its surrounding areas, whilst minimising the risk of infection, is by hiring a car. However, as our research shows, doing so can come at a large cost. “The price of car hire in cities around the world varies dramatically depending on where it is you are travelling to. Despite car hire often being an easier method of transport when on holiday, such high prices of up to US$115 a day can really eat into your holiday budget, meaning less money is available for you to spend on hotels, attractions, restaurant meals and souvenir shopping. �??It is also important to be aware of the excess that rental car companies will ask you to pay if you damage their car. Without travel insurance, the cost of covering such damage can be extremely costly. Therefore, we always recommend checking your travel insurance policy provides cover for this excess either as a standard benefit or as a purchasable option.�?? You can view the full findings here. <https://www.comparethemarket.com.au/car-insurance/features/2022-car-hire-index/> If you need anything else, such as a press release, further information or images please let me know. Best wishes. Ruby Robinson Digital PR Intern E: ruby@digitaloft.co.uk