Can you insure a car with Revolut? Everything you need to know

You may have heard of Revolut. Revolut is a fast-growing payment option founded in Lithuania. Revolut offers a secure and fast payment method for online purchases, as well as when you want to pay for your groceries in a physical store, for example. They offer virtual payment cards as well as physical cards. But what you may not have known is that Revolut offers many more options. To answer the question in the title, no, it is not possible to get car insurance from Revolut at this time. However, they do offer insurance such as purchase insurance, travel insurance, cancellation insurance and appliance insurance. And, what may also be of interest, Revolut offers excess coverage for damaged or stolen rental cars. You must then have rented the car at least 200 kilometers from your home. So the coverage does not apply if, for example, you do not own a car yourself, but occasionally rent a car in your hometown.

Rental car excess coverage

If you rent a car regularly then you know that something can always happen and the deductible is very annoying in that case. Revolut offers this coverage but not to all their customers. When you apply for a Revolut card, you can choose from several plans. These plans are:
– Standard (free)
– Plus ($3.99 per month)
– Premium ($9.99 per month)
– Metal (18.99 euros per month)
– Ultra (50 euros per month)

Revolut offers rental car excess coverage to their Metal or Ultraplan customers. There is a cap on this coverage of 2,000 euros. There are also some exclusions, as with any insurance. For example, the depreciation of the rental car is not covered, coverage expires for a rental period of 32 days or longer, and there is no coverage in the event of mechanical failure. What is insured, depending on the policy terms, are, for example, weather damage, damage to the bodywork, windows, underside of the car and so on.

A key advantage is also that you do not have to have paid for the rental car through your Revolut card to be eligible for coverage. By the way, the same goes for the travel insurance offered by Revolut: you don’t have to have paid for the trip with Revolut to be eligible for coverage.

Insuring your car

Everyone knows how important it is to properly insure your car. Of course, it is also just mandatory, but it is important to choose a good company or intermediary. You obviously want your trusty car to be properly insured if something happens to it, and you also want everything to be handled quickly then. Not every company handles claims quickly, and there are also companies that will do everything they can to avoid paying out. Therefore, be sure to research carefully which company or intermediary is the best choice for you. There are plenty of independent comparison sites online. That way, you can already compare premiums and coverages. Furthermore, it is also always a good idea to read customer reviews. This is how you find out how satisfied people are with complaint and claims handling from the various providers.

Using Revolut in casinos

Since the Dutch government issued licenses to online casinos through the Kansspelautoriteit in 2021, online gambling has boomed in our country. Initially licenses were granted to 10 casinos, now that total has risen to a whopping 27 casinos. So you can be spoiled for choice if you are a lover of gambling and/or gaming. Should you want to take a gamble, check if the casino you want to try has been licensed by the Gaming Authority. In that case, you can be sure that you can make a trusted bet. In that case, in fact, the casino in question must abide by the rules established by the Gaming Authority. Revolut has also benefited from the legalization of online gambling, as it is now one of the most popular payment methods at online casinos. It is a safe and trusted way to deposit money into your account. These days it is even possible to have your winnings paid out on your Revolut card. On average, it takes up to three to five days for your winnings to be credited, which can be a disadvantage. However, it is ideal that you don’t have to use a different method than for depositing.

Conclusion

It is very important to make sure you have good auto insurance. When you travel, good travel insurance is also essential. Revolut offers that option to their Premium, Metal and Ultra customers. If you are a Metal or Ultra customer with Revolut, you additionally have the advantage that your deductible when renting a car may also be covered. This payment option, as we have discussed, offers many advantages. It is a popular payment method at (online) casinos for good reason. If you have plans to travel, then it may well be worth checking out what Revolut can do for you. Have a good trip!