The study by Compare the Market 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.
For each city, the research took the average cost of a ‘standard’ car (5 adults, 3 bags).
You can view the research in full here:
https://www.comparethemarket.com.au/car-insurance/features/2021-car-hire-index/
The most expensive cities to hire a car
|
Rank
|
City
|
Country
|
Average daily rental price* (GBP)
|
Average daily rental price* (USD)
|
Average daily rental price* (EUR)
|
|
1
|
Singapore
|
Singapore
|
£83
|
$115
|
€97
|
|
2
|
Fukuoka
|
Japan
|
£76
|
$105
|
€76
|
|
3
|
Honolulu
|
United States
|
£71
|
$98
|
€83
|
|
4
|
Melbourne
|
Australia
|
£65
|
$90
|
€76
|
|
5
|
Vienna
|
Austria
|
£65
|
$90
|
€76
|
|
6
|
Jerusalem
|
Israel
|
£64
|
$89
|
€75
|
|
7
|
Auckland
|
New Zealand
|
£61
|
$84
|
€71
|
|
8
|
Budapest
|
Hungary
|
£60
|
$83
|
€70
|
|
9
|
Phuket City
|
Thailand
|
£58
|
$80
|
€68
|
|
10
|
Tel Aviv
|
Israel
|
£52
|
$72
|
€61
|
* Figures are rounded to the nearest whole number
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 US$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 US$105 per day.
Further findings:
-
The research also revealed the 3 cheapest cities were; Madrid (Spain), Lima (Peru) and Cancun (Mexico). These cities were priced at US$14, US$25 and US$22 respectively, which is significantly lower than the highest – Singapore, US$115.
-
Other cities included in the top 10 cheapest countries included; Cairo, Dubai, Moscow, Krakow, Rio de Janeiro and Abu Dhabi.
Stephen Zeller, General Manager of General Insurance at Compare the Market 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.”
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