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If you’re planning a big vacation or just want an extra special car for a night out on the town, you may find yourself renting a vehicle. Before signing on the dotted line and paying for extra insurance from the car rental company, you should know if you’re already covered by your auto insurance policy. This will vary from person to person, but many people may already be covered when driving a rental car and won’t need the extra insurance. Knowing if you’re covered for auto rentals with your current car insurance policy is actually fairly easy to determine. Are you ready to have your big question about auto rental insurance answered?
Should You Say Yes to Auto Rental Insurance at the Counter?
This is the big question on the mind of everyone who is going to be renting a car. The exact answer is going to depend on a few other factors. Here are a couple things to think about before you automatically decide to get extra coverage from a car rental company.
Your Insurance Policy - If you have full coverage auto insurance, you’re most likely going to be covered for any car rentals. This is another reason to get full coverage if you frequently rent cars or other vehicles. You will want to check with your insurance company, however, to make absolutely certain that you’re going to be covered in your rental car, but chances are you’re not going to need additional coverage from the car rental company.
Your Credit Card Company - In some cases, the credit card you use may cover your car rental purchase. You will want to call and ask directly, because different companies handle rental car insurance differently. For example, some may not insure exotic sports cars or other expensive vehicles. Making a quick phone call can put your mind at ease and let you know if you really need that extra car insurance they’re peddling when you rent a car.
As you can see, you shouldn’t automatically assume that you’re going to need the extra insurance that the car rental company is pushing you to purchase. Many times, employees receive a bonus for the sale of extra insurance, which means they may not have your interest in mind. Doing your homework before you agree to extra auto insurance coverage through a car rental company can make sure you’re not spending money you don’t need to spend.
The most important thing is to come to the car rental counter prepared with the knowledge of whether or not you should purchase their extra insurance. In some cases, a high deductible on your auto insurance policy might make it more beneficial to go ahead and get the extra coverage from the car rental company. You should know, however, that you do have options when it comes to auto insurance for car rentals. Just knowing this puts you ahead of many other people and can save you money.
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