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Car Cheap Rate Rental Car Company Insurance

You probably have been faced with this dilemma when you rent a car – do you purchase the collision damage waiver to get rid of your liability for the deductible or any uninsured losses or do you skip it because your sure your car insurance will cover it?. How much is rental car insurance? The usual fee is $9.00 a day

In most cases, your personal auto policy or family auto policy will provide coverage to protect you against having to pay any of these deductibles. The catch is though what if you return your car with damage at a time when the rental car agency can not contact your insurance company.

For example, say you return your rental car damaged on a holiday. Some rental car companies may ask for immediate payment from you. Then you will have go through the trouble of being reimbursed by your insurance company if you decide to make a claim. In cases where the damage is minor you may not want to report the claim. Of course you have no way of predicting whether you will have major or minor damage. How do you solve this dilemma without paying that extra $9.00 a day?

Check and see if your credit card company has automatic coverage in their package of benefits. In other words your credit car agreement will state that if you rent a car using that companies credit card, they will assume this liability. Historical evidence suggests that rental car agencies are willing to accept “credit card insurance” and not demanded instant payment.

To be on the safe side check with your credit card company to see if you have car rental insurance option and check with your insurance agent or review your policy to find out how much your policy covers when you rent a car.

There are two cases where you may want to purchase the rental car insurance from your car rental agency:

1. It is possible that your rental car company may charge you a fee for the money they lose while their car is out of service. If your auto insurance policy does not cover you for this situation you may want to purchase the rental car companies policy. Again, check with the rental car company in advance and your insurance company.

2. If your insurance company is slow to reimburse the rental car agency, they may come to you for payment for damages. Again, ask your agent about speed of payment and rental car company about their policies.

For more information on saving money on auto car insurance policy quote see our site free insurance policy quotes

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