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CS No Deposit Iceland Car Hire
Find the best "No Deposit" deals in Iceland
With a massive choice from the biggest brands, Enjoy the best way to find the best prices for No Deposit car hire in Iceland.
- Huge choice of cars to suit every budget
- Save up to 70% compared to buying on the day
- 10 years experience in car hire
No Deposit Car Hire in Iceland - Your protection package
Iceland is such a beautifully unique country, it’s on many people’s ‘must-see’ lists. From its sublime nature to welcoming locals, it’s a joy to visit, and no deposit car hire can make your trip even better. We’ll cover all the pros and cons of Iceland no deposit car hire in this accessible guide, but let’s take a quick pitstop to consider just how special this dream destination is.
First off, don’t miss The Golden Circle. This popular route features three amazing sights - Thingvellir National Park, Gullfoss waterfall, and the Geysir geothermal area, known for its dramatic erupting geysers.
You can also immerse yourself in the icy environment, by hiking or riding a snowmobile on Iceland's massive glaciers, some of Europe’s biggest. And then warm your cockles in the Blue Lagoon, a famous geothermal spa with distinctive milky blue waters, rumoured to have healing properties. It’s surrounded by lava fields, which really gives the feel of being on another planet.
But don’t forget the marvellous marine life. Hop on board for a whale watching tour from Reykjavik (or another town on the coast) and you’ll see dolphins, whales and much more. And lots of people come here for arguably the world’s best views of the Aurora Borealis – gaze in wonder as kaleidoscopic colours dance across the sky.
All well and good. But how can no deposit car hire enhance your trip?
There are lots of reasons, but the freedom and flexibility might be the main one. Outside Reykjavik, public transport is limited, so with your own car, you can discover the country at your own timetable, stopping for as long as you like at the beauty spots.
And there’s also the cost savings, because no deposit car rentals save you cash up front, which is a bonus in a costlier destination like Iceland. Plus, you can also live more like a local, with plenty of boot space to load up your supermarket shopping, instead of eating out all the time.
There are lots more benefits of no Iceland no deposit car hire (which we’ll explore fully), but there are a few things to bear in mind too. You should definitely shop around to compare prices and packages from different suppliers, and fully understand the coverage, buying add on insurance for theft and damage if necessary.
Also, beware of Iceland’s rough roads (many of which are unpaved) and drive safely in general, following road signs and observing the speed limit.
How no deposit car hire transforms your Iceland getaway
For some travellers, the main benefits of Iceland no deposit car hire are freeing your travel budget, so you spend less on excursions, and the flexibility to travel independently. And it also provides peace of mind that you can adapt to Iceland’s changing climactic conditions more easily.
Just bear in mind though, that no deposit doesn’t necessarily mean no hold – some companies might still want to pre-authorize a set amount on your credit card to cover any damage. The insurance might be dearer, to offset the risk of no deposit, and the car model options may be more limited.
Overall, Iceland no deposit car hire can be a great option for more freedom and flexibility, especially if you're economising. Just do your research carefully and compare different companies before making your final decision.
Navigating Iceland’s No Deposit Car Hire Policies
It’s worth taking time to truly understand some of the ins and outs of Iceland’s no deposit car hire packages. Again, we should emphasise the difference between true no deposit and a pre-authorisation hold. The former does exactly what it says on the tin, while the latter includes a temporary block for a certain amount on your credit card (released if there are no issues with your car rental).
The insurance can be pricier, so be sure to weigh the total cost (rental fee + insurance) against regular deposit options that might have lower insurance. Also, read the small print carefully to make sure there’s everything you want included – for instance in Iceland you might want undercarriage damage or volcanic ash damage cover included.
Compare rental companies and look at their reviews and reputations as well as prices, and you might want to consider using your debit card. They’re sometimes accepted for no deposit rentals, although there may be a slightly higher pre-authorization hold. Alternatively, if you have travel insurance on your credit card, it might also cover car hire damage – double check to confirm.
Work through these factors and you can feel more confident Iceland no deposit car hire is the right choice for you.
Eligibility requirements and essential documents
You’ll find that the eligibility requirements and essential documents for no deposit car hire in Iceland are roughly similar to regular car rentals with a deposit. There might be differences depending on the specific company, but here’s what you'll usually need.
In terms of eligibility, you’ll need a valid driver’s license you’ve held for at least a year, and while the minimum age to rent a car in Iceland varies on the company and car type, it’s usually 20 years old for smaller vehicles and 23 years old for larger cars.
Also, if your driving license isn’t in English or Latin script, you’ll need an International Driving Permit (IDP) with your original license, as well as your passport, and credit card. Contact the rental firm directly to get the most accurate info on your policy, and always read the terms and conditions thoroughly.
The perks of no deposit car hire in Iceland
Are there any more benefits of no deposit car hire in this amazing part of the world? Yes indeed. For one thing, you can avoid the hassle of exchanging currency because security deposits are usually taken in the local currency (Icelandic Krona). And the rental cost overall can be potentially lower. No deposit car rentals may come with a slightly higher daily rate, but they can still be cheaper overall compared to traditional car rentals with hefty security deposits.
Plus, if you really want a driving adventure, no deposit car hire helps you conquer Iceland’s famous Ring Road, which skirts the island and takes you past black sand beaches, volcanoes, waterfalls and glaciers.
Dealing with damages in Icelandic no deposit car hire
You'll still be responsible for any damages to the vehicle during your rental period, even with no deposit car hire. In general, the process involves reporting any damage as soon as you notice it, documenting the damage from different angles, including any surrounding areas, and following the company instructions on the next steps, which may include filing an accident report if there’s significant damage.
If you’ve not bought additional insurance to cover the excess, you’ll probably be responsible for paying up to the amount set in the rental agreement – this will be deducted from your credit or debit card. After this, the rental firm will assess the damage and calculate the repair costs, contacting you directly if they amount to more than the excess.