Do your summer plans involve a rental car and is it covered by your auto insurance? This is a question that gets brought up a lot. Most people have rented a car and been ask if they want to purchase the insurance on the rental car. Do you need that auto insurance coverage from the rental car company? The answer is maybe. This answer depends on what your current auto insurance coverages are on your personal car.
I have full coverage on my current car.
This is the main question to help determine if you need auto insurance from your rental company. If you have comprehensive and collision coverage on your car, you should be able to extend coverage from your auto insurance to the rental car. However, there are a few things you need to remember when extending your auto insurance coverage. One is that your current deductibles would apply to the rental car. If you have a $500 deductible on your auto policy and you get into an accident with the rental car, you will still have to pay the first $500. Also, keep in mind that a claim in a rental car will still impact your auto insurance.
Should I purchase the rental insurance?
If you do not have comp and collision coverage on your auto you should purchase the rental car companies insurance. Another time when you may want to purchase the rental insurance is if you have a high deductible. No one wants to pay to rent a car and then have to pay $1000 for a high deductible. Finally, you may want to purchase the rental insurance instead of using your auto insurance if you do not want a claim to count against you.
This was a big help, how can I find out more information about my insurance coverages?
You can always call us with a question. Another way to contact us is via our website found here. While you are there check out our companies page and our employees page. We are also on social media. You can follow us on Facebook, YouTube, Twitter, and Instagram. We hope that you find some useful info for your home and auto insurance. Hopefully now you can make a decision on if you need your rental cars insurance coverage.
