Originally published January 31 2005
Rental car insurance purchased at the counter may leave you paying for insurance twice
by Mike Adams, the Health Ranger, NaturalNews Editor
Many consumers purchase the rental car insurance offered at the counter even though they don't need to. Most any auto insurance policy will cover a rental car, though they may not cover rentals of a week or more. Many credit cards will cover a rental car as well, providing even more protection.
You could end up paying double for that rental depending on what kind of coverage you sign up for.
You could also opt to have your car insurance company write a short-term rider protecting you while you rent, Kirstin Cole reports.
You could end up paying double for that rental depending on what kind of coverage you sign up for.
But with the prospect of being charged $30,000 or more for replacing a brand new car, many drivers just find themselves lost.
"I never take the coverage it adds too much money to the bottom line cost of the car," says one consumer.
I sign stupid lease agreement and hope I don't hit anybody or nobody hits me," says one rental car customer.
Walking up to the rental car counter on vacation can leave you with a dizzying number of car insurance options.
What do you need and how much will it cost you?
Lawrence Ulrich of Money Magazine found at least 30% of renters are overpaying for unnecessary coverage.
"You're probably covered on your own insurance policy.
You've got additional coverage on your own credit card if you make a reservation with it.
Also, if you're traveling for business, you might have a third coverage there," says Ulrich.
You may not be covered if you rent for a week or more or for truck and SUV rentals.
You could also opt to have your car insurance company write a short-term rider protecting you while you rent.
Experts also say consider taking out insurance on your personal effects.
The insurance costs about a dollar a day and can cover up to $1500 worth of your personal property.
But remember, all insurance is not created equal.
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