I Don’t Have Car Insurance, Can I Rent A Car? Helpful Answers…
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If you would like to rent a car, you can check out the various car rental companies online. Most car rental companies will allow you to rent a car as long as you have a full driving license. You also need to be above the age of 21. Some rental companies may however charge you an extra fee if you are below 24 years of age. The amount that you pay to rent a car is dependent on the type of car, location from where you are renting and the time of year you are renting the car. You may be wondering, “I don’t have car insurance, can I rent a car?” Yes, you can rent a car but you will end up purchasing some form of insurance.
Excess reduction waiver
If you are planning to rent a car, you may be asking the question “Is it necessary to buy car rental insurance?” The answer to this question is yes, you need car rental insurance. If you do not have insurance, there is an excess reduction waiver also known as loss damage waiver. This is a fee that is charged by the rental company which frees you from liability if the car gets damaged or is stolen when in your possession.
Depending on the rental company, you can be charged anywhere between $ 20 to 45$ per day in order to reduce your standard liability. There are however terms and conditions tied to this agreement and you may still be forced to pay for damages to the vehicle under certain circumstances even after paying the excess. You therefore need to read and understand the terms of the car rental before you sign the contract.
Rental car insurance options
You may be asking, “Do you need insurance to rent a car from enterprise?”There are several options through which you can purchase your rental car insurance coverage. When renting a car, you can opt to purchase travel insurance which you can use when renting the car. Travel insurance covers more than the car rental and can cover for other things such as lost luggage. Travel insurance is suitable if you will be having a long trip. It can however be expensive for short trips and the insurance only covers one driver which means each driver has to buy their own cover.
You can also opt to use the insurance that is offered through your credit card. The credit card travel insurance will not cover the car rental but will cover the excess that is charged by the car rental company. Depending on the policy, the cover may include the card holder only or additional drivers. You can also purchase a standalone car rental excess cover which can cover several drivers. You can buy rental car insurance online.
Can car insurance cover rentals?
A question that is asked by many drivers is, “Does my car insurance cover rentals?” Normally your car insurance will only cover the car that you have listed on your policy. You may however have a policy which covers you when you are driving another car but it will be limited. For instance, it may only cover the third party if you are in an accident.