If you want to rent a car and make sure you already have the means to insure it, this is something important to keep in mind as you talk to salespersons that do business in car rentals. Rental agencies offer you waivers, which are their form of insurance, to cover for at least two liabilities that may occur in an accident: your injury or death and their own losses. Your salesperson will likely attempt to persuade you to accept the waivers by suggesting that they will make a better deal overall than your own coverage for the same liabilities, a statement that may or may not be true. Even if you are currently uninsured at the time you are looking for a rental car, rather than assuming you need the waivers, you can consider them as available options and otherwise shop around for auto insurance quotes from reputable companies that you can get in a timely manner. This should cover you for both rentals and any vehicle you drive at home. If you carry a credit card, you can find out how it insures rental cars by checking with your issuer and pay for damages right away as you are permitted.
Because driving without liability insurance is illegal in most states, rental agencies are very likely to include this in your payment. However, by meeting the minimum insurance requirements in your own state, you guarantee yourself a policy that automatically covers you for any accidents you have in another state that requires more coverage or any type of coverage not required in your state; the policy increases to meet the extra requirements. If you plan to visit anywhere outside the United States and Canada, you must purchase a separate policy, preferably online, after familiarizing yourself with specific insurers at your visiting location who are to provide you with the new coverage. It is recommended that you consider at least three different rental agencies that you find to be trustworthy and make a decision based on where you have the best deal. Also, look at the possibility of discounts in case you believe your insurance will otherwise be too expensive.
Regardless of your traveling situation, you deserve to carry out your plans worry-free and need not settle for anything less than to be insured in ways that abide by the law. Having the right auto insurance quotes for your own vehicle can go a long way toward making your car rental faster and easier. Do not hesitate to contact anyone who can help you with your questions and comments about the process of insuring the car you wish to rent, and research as much as you need online.
On a recent trip I stood patiently at the rental car window waiting for my turn to secure my luxury compact for my week long trip. When the representative placed the paperwork before me to sign she smiled and pointed to the dreaded rental car insurance box.
Now comes the conundrum. Should I bypass the extra auto insurance coverage altogether or are the risks of getting in a fender bender in a strange city great enough to warrant overpriced coverage? Depending on the rental car company, the cost of extra insurance can range anywhere from $10 a day to a whopping $40. Possibly more as this has been just my personal experience. And rental companies often offer additional coverage to negate any deductible which could be charged.
The truth of the matter is if you have an auto insurance policy, or even if you paid with a credit card (pretty much a requirement with rental companies) you are probably covered anyway. To be on the safe side you will want to check with both your car insurance company and your credit card company before making the reservation. Otherwise, there is a chance you could be driving around uninsured and taking an unnecessary risk.
So what do you do if you’re not already covered? Unfortunately you’ll have to take the hit. And chances are it will cost you. Most car rental companies offer a number of insurance options, each with its own advantages and disadvantages.
* Collision Damage Waiver â€“ This protection is used to shift the accident liability from the driver of the vehicle in question to the insurance company and covers not only damages but also the loss of use of the vehicle. Unfortunately, the Collision Damage Waiver can be voided if you are found to be at fault.
* Personal Accident Insurance â€“ Costing between $1 and $5 per day, personal accident insurance covers the medical bills for you and your passengers in the event of an accident.
* Liability Insurance â€“ Like traditional liability insurance, this protection covers damage to the other vehicle but also covers the rental vehicle up to $1 million. A liability insurance plan generally costs between $7 and $14 per day.
* Personal Effects â€“ Usually costing an extra $1 to $4 per day, personal effects insurance covers any personal items in the vehicle that are stolen or damaged in an accident.
But the question remained as I stared at the box. Is it worth it? Like most of us, I have a full coverage policy that includes rental insurance and a home policy which offers coverage while I am away to cover my personal effects. Therefore, I declined the costly additional coverage. And my advice to anyone else is to investigate their own policies before spending the extra money to see if you are already covered as well.