8 years ago ·
by Alston ·
Comments Off on Do You Need Insurance When You Rent A Car?
If you have collision and comprehensive coverage on your own car insurance policy, you probably don’t need to purchase the expensive insurance offered by a car rental company.
If you don’t think it is expensive, take the cost per day and multiply it by the appropriate number and compare it with your regular car insurance. For example multiply by 30 if you pay your car insurance monthly.
This is because of what is called “nonowned auto” insurance. A standard automobile insurance policy will extend the physical damage coverage that you have on your policy to cars that you rent or borrow in most instances. This is the standard whether you have an automobile insurance policy in South Carolina, Florida or anywhere else in the United States.
If you have physical damage coverage on your own car and are comfortable with the deductible and limits why should you be less comfortable when driving a rental car?
Your risk of getting into an accident may be a little greater when you are driving a rental car. You will be driving an unfamiliar car on what are probably unfamiliar roads. However, if you have coverage on your own car that will pay a body shop to fix your car you are probably better off saving the money you would pay for the rental car company’s policy.
I wonder how many of the people whose job it is to sell you these over priced policies have been trained to tell you that your present insurance policy extends to a nonowned auto and is likely to give you adequate coverage?
These policies may not seem expensive at first blush because you pay for them on a daily basis. However, if you multiply the rate by 30 and compare it with your monthly car insurance bill… and then take into account the fact that this is likely to be redundant coverage… and then take in to account that the coverage is only for physical damage and doesn’t include all the other benefits of your current policy such as the liability coverage or uninsured motorist coverage you may find it easy to answer the question: Do I need insurance when I rent a car?
8 years ago ·
by Alston ·
Comments Off on How Does Comprehensive Insurance on Your Car Work?
A lot of people want to know “what is comprehensive car insurance?” The word “comprehensive” implies more than this aspect of your automobile insurance coverage provides. Comprehensive insurance does not pay other parties when there is an accident.
Comprehensive insurance can pay you for costs resulting from following perils:
- Missles or Falling Objects
- Fire Theft or Larceny
- Explosion or Earthquake
- Hail, Water or Flood
- Malicious Mischief or Vandalism
- Riot or Civil Commotion
- Contact with Bird or Animal
- Breakage of Glass
Comprehensive insurance is also known as “Other than Collision.” This coverage is almost always mandatory when you have a lease or a lien on your car. However if you own your car free and clear you can decide whether or to pay the extra money for the coverage.
You can find auto insurance rates with and without comprehensive coverage through this site. If you are looking for auto insurance in Greensboro North Carolina or for cheap Pennsylvania car insurance or coverage anywhere else in the US or Canada, please complete our questionnaire and get a listing of auto insurance providers who can insure you at a low price.
8 years ago ·
by Alston ·
Comments Off on Why Is Car Insurance So High For Teenagers?
Car insurance is high for teenagers for the same reason that the cost of over 80’s car insurance is high and/or hard to get. The likelihood of submitting an auto insurance claim for drivers in these groups is more likely. These age groups have more accidents than others. This cost the insurance company more and they pass those costs on to you. Therefore the average cost of car insurance for a teenager will be higher than the cost for most other drivers.
Your Teenager’s Car Insurance – How You can Lower the Costs
- Shop Early for Your Teenager’s Car Insurance
- Get Good Student Car Insurance Discounts
- Get Drivers Ed Car Insurance Discounts
- Determine what Car has the Best Insurance Rate
- Drop Collision and Comprehensive Auto Insurance
Shop Early for Your Teenager’s Car Insurance
Planning ahead is important, because once you have a teenage driver, you may not be able to switch to a company that will offer you a better rate. However, if you switch your car insurance policy a year before your oldest child is of driving age you can become an existing customer of the company that will give you the best deal when your child is of driving age.
Get Good Student Car Insurance Discounts
Study hard or take the bus. The desire to drive is a powerful incentive to a young man or woman. You may be able to get your child to study harder if you connect driving privileges’ with grades. Most insurance companies will offer better rates to better students. When you ask your agent “what is automobile collision insurance?” or to help you in determining the right amount of auto insurance, you may also want ask about good student discounts.
Get Drivers Ed Car Insurance Discounts
There is nothing wrong with teaching your child how to drive. However, this won’t get you a discount. In addition to driving with your child when he or she has their learners permit, have your child take a course that will get you a discount on your car insurance policy. The cost of the course will probably be much less than the money you will save because of the discount.
Determine what Car has the Best Insurance Rate
This is another question to ask your agent. The cost of collision and comprehensive insurance is affected by the cost to repair your car. Also liability insurance for a sports car may be higher than for other cars. Check with your agent before buying a car for your child.
Drop Collision and Comprehensive Auto Insurance
If you feel comfortable with the added risk, drop collision and/or comprehensive auto insurance coverages. You can also lower your costs by raising your deductible on these coverages.
The Average Cost of Car Insurance for a Teenager…
is always going to be high. The answer to the question “how much is car insurance for a 16 year old? is probably a higher number than you want to hear. You are going to pay more for your car insurance once you have a teenager on the road. However, you may much pay less than you would otherwise if you follow some of the tips in this article.