quesiton about car rentals

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SkinnyJoe

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Some time ago I had my car in the shop for several hours, and they took me to rent one for a day. The rental guy could not do it, because there was something about my insurance coverage. Didn't pay much attention then, since I had a book with me, and I waited instead.

However, due to coming job interviews, I need to be able to rent cars from airports, so I called my insurance agent who informed me that I don't have collision coverage (for the other vehicle), so that's why I was denied.

The agent mentioned two options, adding coverage to my policy, which would raise my payment from $34 to $46 a month, if inspection of vehicle was satisfactory (there is no damage to my vehicle).

The other option is purchasing such coverage from the rental agent, for the rental vehicle, which I have no idea how much that would cost.


Which is the better of two options? Thank you. :)
 
that is a tuff one. I always have had rental coverege so I wounld't lose a day with out of being carless. go check around for all of the other insurance prices first.
 
I'm sure the rental agency would charge you a lot more for insurance than your own insurance agent.
 
If you only rent a car one in a great while then it might be better to pay a bit more for through the rental company. If you rent more often then then add it on to your insurance.
 
rental car companies generally charge 10-20 per-day for insurance. So$40-60 per month from your insuracne company may or may not be a good option for you depending on how often you intend to rent.
 
Check with yout credit car company. Many cards automatically extend insurace to a car which you pay to rent with that card. This can be a huge card benefit. If you rent a car only a few days a year, this feature alone can justify paying a "membership fee" for a premium card.
 
The last time I interviewed was 4+ years ago, and back then I seem to remember paying only for the gas for the vehicle, and the employer picked up the rest (car rental, plane ticket, hotel). I wonder if such practice was/still is the norm?

Thanks for the advice, gents. :thumbup:
 
My credit card company covers any insurance deductible if I charge it to the card. This came in handy when I hit a deer in Wyoming. My insurance company covered the damage less the $500 deductible that was picked up by my credit card company. I would speak with an agent at both your credit card company AND your insurance company to see what you are actually covered for. Like others said, if you are only using it for 1-2 days at a time once or twice a year then taking the rental companies insurance rate is the better way to go.
 
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