The Most Elementary Rental Car Insurance Tips You Cannot Miss

Upon stepping up to the counter of a car rental agency when renting a car, you will always be asked if you want to purchase insurance for the vehicle you will be renting. Do you really have to do purchase this? Because if you do, it will be like paying double auto insurance; one for the vehicle you own and one for the vehicle you are about to rent. So what do you really need to know about car rental insurance?

Simply put, rental car insurance is an optional coverage that you may avail whenever you rent a car from any car rental agency. This is normally included as an option in most auto insurance policies and usually comes in when you are forced to rent a car while your own car is being serviced or repaired. This generally pays you a small sum every day until your own car is ready. One of its advantages is that it can remunerate you a bit for your rental expenses as well as repair expenses. Also, it could help you a lot when you meet an accident while driving the rental car.

However, taking this optional cover may affect your present auto insurance policy. Looking into majority of auto insurance quotes, most of them will not include rental car insurance as an added coverage. Meaning, these policies will not include essential insurance coverage on rental cars such as damage or theft. However, as previously mentioned, it can include a certain amount for renting a car when your own car is being repaired.

When deciding on this option, before you include it in your own auto insurance coverage, take note of this. If you include it in your car insurance coverage and you happen to rent a car because of repairs to own car and you manage to figure in a car accident using the rental car, you will end up depleting the advantages of the insurance on your own car. And if you plan to restructure the policy, you will end up paying more.

If your car’s insurance policy does not include rental car insurance and you want to be on the safe side when renting a car, bring your car insurance ID with you to the rental agency and have your own car’s coverage transfer to the rental car. The agency will process this for you and you need not purchase insurance for the vehicle at the counter.

Knowing what you can do before you walk up to that rental car insurance agency counter can save you money yet at the same time, be assured of being insured. Remember, you need not shell out your cash for something which you already have. Read and understand the terms and coverage of your own auto insurance policy and prepare for days when you have to rent a car.