How to get cheap car insurance rates and low cost car insurance quotes
Leasing and Renting Automobiles
In order to rent a car you will need to either have your own auto insurance or purchase it from the rental company. If you are going to rent a vehicle, call your insurance company to see if you are covered and to what degree. Almost all rental companies require a credit card to secure the vehicle; contact the credit card company that you will be using to find out how much insurance they provide when you rent a car. Purchasing insurance from the rental company can be expensive, averaging $30 per day!
If your car is disabled by an accident, your policy may include a daily allowance that will help you offset the cost of renting a car until yours is repaired or you buy another. When you purchase your policy ask about rental reimbursement coverage and consider paying just a few dollars extra per month to obtain a higher rental allowance. The difference in premium between a $25 per day and $30 per day rental allowance is negligible. Most policies offer up to 30 days rental reimbursement per incident. This does not mean your insurance company will always reimburse you for a 30 day rental; they will only pay for the amount of time that your vehicle is incapacitated or until you replace it.
If you're leasing a car you'll be required to purchase collision and comprehensive insurance. You may also be obliged to buy a gap policy. A gap policy covers the difference or "gap" between the amount you still owe on your car and the actual market value if you experience a total loss. With a lease, unlike a purchase, you pay less towards the actual value of the car. Thus, if a leased auto is totaled the insurance reimbursement may not cover the amount still owed to the car dealer. The "gap" or difference between the insurance check and the sum due is covered by the purchase of this additional policy.
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