Cheap Car Insurance Policy for Rental Vehicles – If you have ever approached a vehicle rental company, hired a car and been unfortunate enough to damage it somehow, then you would be well aware of what the rental agency demands in lieu of that damage. When such a situation occurs, the rental agency can charge a sum of up to 1,000 pounds in the form of what is known as ‘excess charges’.
Needless to say, these excess charges also apply to a situation where you have lost the rented vehicle itself. However, you do not have to get stuck in the trap and can actually keep yourself protected against such situations.
You can do this by searching of car insurance policies specifically designed for rental vehicles. The following are some details regarding rental vehicle policies that you should know about before you go and buy one.
1. These types of policies provide you with cover for the entire 1,000 pound excess charges. This translates into the fact that if you damage the rental vehicle or lose it then you would not have to provide the excess charges that the rental agency levies on you. These excess charges are, instead, paid by the policy provider.
2. Since these policies are for rental vehicles, they do not insure the vehicle itself. Instead, they cover the driver i.e. you. In fact, if you have included more than one driver in the rental agreement then the policy would provide cover to all the included drivers.
3. Notably, the policy providers even go as far as to allow you to include up to seven drivers into the policy. This means that, regardless of how big a family you have or how many people you are travelling with, you can include, at least, seven drivers into the policy.
4. These policies are particularly designed for contingencies befalling people who have renteda vehicle and are on the road. Resultantly, these policies provide cover for damage to windows, glass, tyres, the undercarriage and even the roof of the car.
5. Additionally, these types of policies also cover you for up to a sum of 2,000 pounds for damage to other parts of the car. The same amount of cover also includes the threat of theft. Hence, you can be relaxed about parking your car in a new city and not worry about the crime rates of the area.
6. There are three variants of the cheap car insurance policies for rental vehicles. These include the worldwide version that is charged for every day of the rental, annual European cover and annual worldwide cover, which usually works out a cheaper option than paying for daily, weekly or monthly cover.
These specific policies can make a traveller’s life very easy. It is advisable that you should look for cheap car insurance for rental vehicles instead of settling for the first one that you see. Alternatively, you can approach comparison websites to do the dirty work for you. This way you can ensure that you get the best policy available in the market.
The Benefits of Cheap Car Insurance Quotes – Rental Vehicles
Up until a decade or two back, the whole exercise of buying a car policy would make the majority of the people in the country extremely troubled. The reason for this was simply the fact that buying a policy used to be an extremely tedious and cumbersome process that would take days to be completed.
In contrast, the current scenario is such that you can insure your car in a matter of a few hours. This has been made possible because of the availability of the medium of internet to policy providers.
The ease and efficiency that the internet has offered to providers has also made it easier for them to provide potential clients with additional tools that are designed to make the whole process extremely convenient for them.
An example of such tools is the quotation module. The quotation given is like a semi-formal offer from the online provider which is created on the basis of the information provided by you, the potential customer. Here is how these quotations make your life easier.
1. Complete control:
Owing to the availability of these quotes, you do not have to depend on any person for your policy needs. In different terms, the biggest benefit of these quotes is that they allow you complete control of the insurance purchase process.
This complete control takes away the danger of conflict of interests that used to be a main-stay of the conventional methods of getting your vehicles insured.
2. Free from human fault:
Another benefit of these quotations is that there is no human involvement in the process except for yours. The reason for this is simply that quote acquisition modules are fully automated systems.
The automated nature of these modules means that there is no risk of any kind of human error sneaking into your purchase process. Instead, you can just provide the right information and rest assured that you are being given the correct quote.
3. Streamlined system:
The advantage of no human involvement and complete control of the process amounts to the whole system becoming exceedingly streamlined for you.
In other words, this means that you would not find yourself facing any kind of delays or hindrances when you use the online quotation systems.
Furthermore, even the time taken to get these quotes is a hundred times less than what you would have to deal with in terms of conventional methods.
4. Elimination of problems:
Also, the biggest nemesis of the insurance buyer i.e. paperwork is rendered completely redundant by online providers and their quote retrieval systems.
Every detail that you used to fill up in multiple forms is now easily entered into digital forms that are provided to you when you ask for car insurance quotes and since the digital format is faster and easier, you find all the problems evaporating.
The system of car insurance quotes is explicitly designed to make life easier for the potential insurance buyer simply because competition for sales has grown manifold since the inception of internet.
Major Factors That Influence Your Cheap Car Insurance Rates – Rental Vehicles
There are a few factors that hugely impact car insurance rates. In order to get the most affordable car insurance coverage you have to take these factors into consideration. If you shop for car insurance quotes on the web you’ll soon discover that they vary greatly depending on the underwriter.
So if you want to make a cost-effective purchase you’ll have to devote some of your time and efforts to shop around. A good thing is, if you manage to find a good deal you won’t be overpaying like less considerate people do. So which factors influence car insurance rates?
Type of the Car
The type of a car you want to buy will be one of the main factors that influence your car insurance rates. If you hold a great passion for sports cars and you’ve been dreaming to get it, there is nothing that can stop you to make you dream come true.
It won’t ever hit you to quote premiums for having your car insured. Eventually, your car insurance will cost you a fortune. So does your new ride really worth it? Or, should you have chosen less expensive option in terms of insurance?
Area of Your Residence
The place of your residence can also impact your car insurance rates greatly. If you happen to live in a place with high crime rates then you will pose more risk to the insurance company as opposed to those living in exemplary areas.
As a matter of fact, people who live in rural areas tend to pay less for their insurance as they live in less hectic surroundings as opposed to urban residents.
Frequency of Your Car Use
How often do you use your car? If you use a car for daily commuting, collecting children from school, doing grocery trips almost every day then your insurance premiums may go up. Also, if you’re in a habit to make frequent unnecessary outings, you’d better minimize them.
Why? Simply put, long distance commuters use their cars to get to work, run errands, shopping. That means that there is a greater chance they can be involved into the accident. Clearly, this is a plausible factor that can make your car insurance rates soar.
Your age can also influence your can insurance rates. Additionally, your sex, marital status and driving record will be considered by insurance provider as well. According to statistics, young drivers are usually involved into the accidents more often than older people.
So if you’re under the age of 25 you will pay higher insurance premiums than older individuals. Also, it has been estimated that accident rates are higher for young males and single males.
However, those who have a clear driving record shouldn’t be paying too much for their insurance even though they are under 25.
Keeping in mind all of the major factors that affect your car insurance rates, you can make better decisions on which car you should buy and how much you’ll pay for your insurance.
Discount Cheap Car Insurance for All Drivers – Rental Vehicles
You may believe that discount auto insurance is not for everyone and maybe not possible for you. That is a myth you must put aside, as there are numerous ways in which you can cut your car insurance costs and save money.
While those posing the highest risk will have trouble finding discounts for car insurance, you don’t have to be perfect to save money.
Here are some tips to overcome you shortcomings and save money without compromising coverage.
Discount Auto Insurance for Homeowners
If you own your home, or have a renters insurance policy, you should consider getting insurance for your car through the same provider. This can save you money on both policies as most insurers offer discounts if you combine home and car insurance.
This may mean that you need to shop for homeowners insurance while you shop for insurance for your vehicle in order to get the best coverage on both and maximize savings.
Discount Auto Insurance for Multiple Policy Holders
A multiple policy holder is someone who has more than one policy with the same insurance provider.
This can included auto and homeowners, as mentioned above, but it can also include multiple vehicles, the addition of a boat or any recreational vehicle, life insurance and sometimes even having a retirement fund with an insurance provider can save you money on your auto insurance.
A car insurance company that offers an array of products is very likely to offer you discounts on their products the more you take advantage of their services.
Take Advantage of Discounts for Discount Auto Insurance
It’s an obvious statement, but discounts lead to discount auto insurance. The reason it bears mentioning, is that most people do not realize just how many discounts are available for customers.
For instance, GEICO offers 16 auto insurance discounts, while other companies offer more. Some discounts that you may not realize are available and that go beyond the good driver discount include:
- Defensive driving certificate discounts
- Good student discounts
- Reduced driving discounts
- Renewal discounts
- Safety feature discounts
- Seat belt usage discounts
- Review Your Policy Yearly for Discount Auto Insurance
Circumstances regarding your status and changes within your auto insurance carrier mean that a yearly review of your policy can help you to save money. You may qualify for car insurance discounts that you did not qualify for the year before.
Also, the company through which you have your coverage may offer additional discounts or have changed their risk rating structure.
You can review your policy by getting rate quotes from other competing companies to compare rates and coverage options.
You should also get in touch with your local agent to see if your safe driving over the past year has put you into a lower risk pool or if there have been any additional discounts that you may now qualify for. As you can see, it will take some work, but it really isn’t that difficult to find discount auto insurance.
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