While traveling somewhere, rental cars tend to be one of the most expensive factors in your vacation budget. You’ve paid for the flight, hotel, and car. Now the rental agency is asking if you would like to add an additional $40 per day to be covered under rental car insurance. Nothing’s going to happen, so why spend the money, right? Wrong. The unexpected can happen at any moment, and whether an accident is your fault or not doesn’t matter. What matters is that if the rental car does experience any damage to it, you’re going to be picking up the tab. So before you deny the option to purchase rental car insurance, you will want to make sure you really know how perilous you are being.
Even with cheap rental cars, most people still do not want to splurge on the additional bill to provide their rental car with insurance. Every penny counts in today’s economy, so why spend it on something like that? Well, there are a few reasons. The main one being that if someone rear ends you, even just barely taps you and leaves a nickel sized dent, you’ll be footing the bill for it along with a damage fee. This can very quickly add up to a hundred or even a few hundred dollars. If damage is more severe, then obviously the damage on your credit card will be as well. For that extra $40 a day you could have avoided any damage costs on the car. With a car rental comparison, you can see what company’s insurance covers more. Some agencies will only cover minor damage and make you cover the rest, whereas other agencies may provide complete coverage for any damage and if the car is stolen. Quite obviously, the second option will be the better. Things happen every day that are not expected, and you don’t want to go into debt because of those things. Car rental comparison is an essential part of deciding which agency to go with on your next trip.
When looking for rental car insurance, there is one important thing to check. Are rental cars covered under your car insurance? Some insurance companies and policies do cover rental cars in the same way that your car at home is covered. If you choose not to go the rental car insurance route, you’ll want to be sure you have a policy that does cover a rental car. However, there is a downside to using your insurance over the rental company’s. If you decline the offer to add rental car insurance because your insurance covers it, it simply means that your insurance will kick in first. The negative effect of this is that with your insurance you will be required to pay a deductible, but with the rental company’s insurance you will not.
