Whether you're renting a car for a fun summer adventure in Maryland, Pennsylvania, or beyond, or you're doing so out of necessity following a car accident, there are a few things you should know before driving off the lot. We're sharing everything you need to know about renting a car. Find out when is the best time to reserve your rental car, and learn whether rental car insurance is really worth the investment.
Below, you'll get answers to these questions about renting a car:
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Should you buy the insurance provided by your rental car company?
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What does your personal car insurance cover?
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What if you're renting a car while your own vehicle is in the shop?
Plus, see why it's important to start planning for your vacation rental car now-even if your trip is still months away.
Is rental car insurance worth the money?
Rental car insurance is very complicated. Much like any other form of insurance, each policy is unique. No two rental car companies offer the same policy, and some could still leave you on the hook for payment if something happens to the car. That's why it's critical that you take the time to read the contract they provide before agreeing to buy the rental car insurance.
Fortunately, there are a number of options available to you for insuring a rental car. Your personal car insurance may offer coverage, or you could opt for a rental car insurance policy separate from the policy sold by your rental company.
When you need to rent a car, take a look at your personal car insurance policy first. Depending on your coverage, your car insurance may extend to a rental. However, that doesn't automatically mean you should skip rental car insurance.
If your car insurance only covers liability, we recommend buying the insurance your rental car company offers. Their policy will ensure you're protected in the event of a collision or other accident. Similarly, your car insurance may not cut it if you opt for a luxury rental car with a value that far exceeds your personal car.
When deciding whether to buy insurance from your rental car company, be sure to consider your current level of coverage and what level of risk you're comfortable with. Should an accident actually occur and leave the rental car out of commission for an extended period of time, you could be on the hook for any lost income or loss of value without a rental car insurance policy.
If you're not sure whether your car insurance extends to a rental car, give us a call to find out.
What if I need a rental while my car is in the shop?
Car accidents have surged since 2020. The recent rise in crashes reveals how valuable a strong car insurance can be, but that's not the only important takeaway. The recent rise in car accidents also demonstrates why drivers need a clear plan for how they'll get around if they're involved in a car accident.
Rental car reimbursement is an additional coverage option that covers the cost of renting a car while your vehicle is repaired following a covered comprehensive or collision loss. However, rental car reimbursement does not cover a rental during routine maintenance-coverage only applies when the policy is also paying for the car repairs.
With rental car reimbursement, drivers ensure they can stay mobile even if their car is damaged in a traffic accident.
When should I reserve my rental car?
Vacationers last summer dealt with the impact of supply chain issues and a rental car shortage. As a consequence, some renters found themselves without a vehicle despite the fact they'd already paid for a rental car. Others managed to find a rental, albeit at an expensive price. Supply chain issues continue to impact the availability of rental cars now, so plan to reserve your rental car well in advance.
In fact, as soon as you've landed on a destination, it's best to reserve your rental car immediately. Wait until the last minute, and you could be stuck relying on Uber to get around on your vacation.
Final thought: always have a backup plan
Whether you're planning a vacation or ensuring you're prepared in the event of an emergency, have a backup plan for reliable transportation. Some popular travel destinations like Hawaii faced major rental car shortages. Plus, accidents are growing more common across the country.
When planning your vacation or reviewing your car insurance policy, keep in mind the possibility that rental cars may be in short supply. Find people you can rely on for rides and familiarize yourself with public transportation and rideshare options.
Still have questions about rental cars? Get in touch, and we can answer them.