Knowing When To Pass On Rental Insurance
Many people advise others not to pay for supplemental car insurance through a car rental agent. They claim that you are well covered through your own car insurance and the major credit card that you are using to pay for your rental. These two things to help to insure the vehicle you are driving. But keep in mind that things like your deductible will factor into the amount and level of damage that your insurance company is willing to pay out for.
Any minor damage to a vehicle that you have rented, as per the standard rental agreement, is your responsibility. Whether or not you are at fault, whether or not you were driving the car or it was parked at the time, any dents, scratches or other minor exterior damage will be your responsibility to pay for.
Many times these amounts are too small to be picked up by your car insurance and credit card. And even if you contact your car insurance agent and the police and file a report, you may still find yourself receiving bills from the car rental agent 6 months to a year after you thought this issue was resolved.
The average cost of minor exterior damage to a car is under $1000. If your credit card or car insurance companies will not cover this cost you are legally obligated to pay out of pocket. When comparing that expense to the cost of supplemental car insurance, which can be as little as $10 a day, the supplemental insurance may provide peace of mind while you are traveling.
Sure $1000 is not that much, but when compared to the $50-$80 the insurance would have cost you up front, it can provide you with a significant savings in the long run. Now after reading this, you may still wish to take your chances with the coverage that you have and may choose to waive that extra insurance, but for the amount of hassle, aggravation and paperwork that this process could cost you purchasing that extra insurance really seems to be the best overall option.
Budget Rent a Car is a great place to check out when you are shopping for a Coolangatta car hire. To start shopping for your rental car get your quote at www.budget.com.au.
