This article originated at: Poor Credit Auto Loans Tips
Most probably have experienced that moment when waiting at the counter of the car rental insurance firm and buying rental car insurance without actually fully understanding what it is for. Should you go for a guidance to the representatives of any leading auto insurance companies they’d all tell you not to squander your money on rental car insurance. Coming up to such information is pretty easy. Obviously it isn’t relevant for some of the drivers, but most motorists need to refrain from paying too much.
Rental auto insurance is practically equal to regular low cost car insurance in quality as well as being usually significantly more costly. So basically by obtaining rental car insurance you’re paying for the very same thing which you already have, which is a waste of money. If you don’t want to be tricked into purchasing unneeded coverage by the car rental rep, seek advice from your current supplier and confirm what kind of options you currently have.
First coverage that rental car insurance provides is the collision and comprehensive, but if you have that covered, just skip the step. In case you have no comprehensive it’ll be alright to ignore it for as long as collision coverage is there. Rental car company will attempt and push you into acquiring liability coverage as well, nonetheless you can refuse if you have one already. The one coverage that you need to not concern yourself with is the medical one, as you absolutely must have it either with auto insurance or perhaps regular health policy. The final coverage that car rental companies will attempt to push on you will be personal effect coverage; it isn’t the most common one with regular auto insurance, so you can pay $1 to $4 daily for the security of the items inside of the car.
As mentioned before, pretty much everything that was presented by the rental car insurance can be found in your regular low cost auto insurance. Even though you don’t have insurance coverage whatsoever, because you are not a car owner yet still wish to rent a vehicle, your credit card will work as your insurance. The array of rental car insurance prices is huge and the certain amount is taken off your card automatically. Merely an additional $500 a year will purchase you a non-owner auto insurance, which will save you significant amount of cash if you plan to rent regularly.
According to the information offered above the only individuals that need rental car insurance are those who don’t have auto insurance whatsoever. If you do, make sure to seek advice from your auto insurance company and the credit card company to be sure that you’re covered.
The original post is located here: How To Deal With Car Rental Insurance Coverage