What are the best topical treatments for making hives heal faster?

Ice, OTC meds. If your hives are related to self-limited and benign causes intermittently (like bug bites), try over-the-counter topical medications that contain ingredients like menthol, phenol, or pramoxine for temporary relief of itching and discomfort. Ice and cold compresses can also help. However, if your hives are recurrent or severe and cause is unclear, consider seeing an allergist or dermatologist.