If you damage your vehicle and it's sent to the repair shop, the car rental company may charge you a fee for each day the vehicle is out of service. The damage exemption will protect you from these charges, as will most insurance policies with full coverage. However, some won't, so it's a good idea to look into your own policy before renting a car. Technically, it's not necessary to take out insurance either, since rental cars are automatically covered by the minimum requirements of their state.
If you have Geico car insurance for your main vehicle, the good news is that you have coverage for rental cars. Or, if you're looking for a new car policy, compare car insurance and find out why GEICO is the right choice. Read on to learn some basic facts about rental car insurance and whether or not you need additional coverage beyond your personal auto insurance policy. In the case of an accident in a rental vehicle, you pay the deductible for your car insurance policy and then your insurance covers the rest, up to the limit of your policy.
In many cases, it would be cheaper to increase your insurance limits for a year than to buy rental car insurance for a two-week vacation. If you already have car insurance for a personal vehicle, you probably don't need rental car insurance. Car rental insurance can be expensive and can easily double rental costs if you purchase a full coverage package. Even when you have a level of coverage, there are times when it's best to buy additional rental car insurance anyway.
In most cases, collision damage exemptions also offer “loss of use” coverage if the car rental company charges for the time a damaged car cannot be used because it is being repaired. At the end of the day, it's cheaper to get an auto insurance policy with full coverage from a reputable provider than it is to pay for rental car insurance on a regular basis. I've heard that there are certain types of insurance that I can afford to refuse when I need to rent a car. It seems like I need to review car insurance policies and see which one would best complement rental car insurance.
In addition, if your personal car insurance doesn't cover your medical expenses, your health insurance may cover them after you pay your medical deductible. Then, you get a clipboard with an intimidating car rental contract full of confusing insurance options.