subject: How to Buy Auto Insurance for a Rental Car [print this page] If your car is being repaired at the garage, you need to rent a replacement car so that you can go to work as usual. Every car rental agency requires the customer to purchase a car insurance policy. It is common for the car rental agency to want to sell you the insurance policies, which they are affiliated with. Before buying rental car insurance policy, it is important that you do some research to compare the features including benefits and limitations.
People who buy the rental reimbursement insurance don't have to pay for the insurance of the rental car. The rental reimbursement insurance is a type of auto insurance that is designed for a rented car. A lot of people overlook the rental reimbursement insurance because they never thought of the possibility of that they would get involved in an accident.
Credit card that is used to pay for the car rental fee can offer insurance coverage for rental car. The insurance coverage can be limited to selected agencies or certain car models. The duration of the coverage can be limited to a few days. You have to check with the company to find out if you will be automatically covered in case of an accident because some companies require you to participate in a program before you can get covered. The majority of the credit card rental car insurance offers only collision and comprehensive coverage.
The collision damage waiver is a standard product of the rental car agency. It shifts the liability for the collision towards the car rental agency. The collision damage waiver can become null if the accident occur as a result of your own carelessness. It is suitable for drivers that don't have collision and comprehensive coverage. With the collision damage waiver, you don't have to pay for the damage cost of the rental car. In addition, you don't have to pay for the loss of use fee. The loss damage waiver is the most popular car rental insurance that people buy.
The insurance company offers several types of rental car insurance including collision liability, and personal accident coverage. The collision liability insurance offers coverage of up to one million dollar. It costs about $10 - $15 per day. The personal accident insurance offers coverage for the medical bills and cost about $5 per day. Some rental car insurance plan offers coverage against theft for valuable items such as video camera, and laptop. The personal accident coverage is usually not offered by the rental car insurance policy. The personal effects coverage offers compensation for the property in the vehicle.
The most convenient way to shop the web for this is to use these web sites that offer multiple auto insurance quotes. All you need do is submit the information required for a site and receive the same number of insurers. Depending on the information received, insurers must submit their quotes. Obtaining multiple quotes from a website, only help you easily compare quotes. All quotes can be compared on a point by point to fully understand.
If you rent a car throughout the year, you can consider purchasing the non owner liability policies. The average cost of the non owner liability policy is about $200 - $500 per year.
How to Buy Auto Insurance for a Rental Car
By: Khan
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