Everyone know the importance of purchasing an auto insurance policy for our own car, but, when it comes to renting a car, do you know whether there is a need to purchase any insurance policy for protection? Well, the answer is yes. It is necessary to have insurance coverage whenever you drive a car, regardless it is your own vehicle or a rental car.
In the case of renting car, depending on whether it is used for business or pleasure purpose, your own car insurance policy may or may not be enough to cover for the rental car. If your comprehensive and collision insurance deductibles apply to a rental car, then you will be covered on your personal auto insurance policy. If you are not sure, it would be good to check and confirm it with your insurance company.
In the scenario where your car insurance is not sufficient to cover the rental car or if you don't have any valid auto insurance policy, then, there is no option left: you would need to purchase an auto insurance policy to cover the car rental.
When you look at purchasing rental car insurance, there are two types available: rental car counter insurance and non-owned auto liability insurance. The difference between the two types of insurance is that rental car insurance needs to be purchase everytimes you rent a car whereas a non-owned auto liability insurance will be a yearly policy, meaning, you buy for one whole year. So, if you rent car frequently, it will be much cheaper if you purchase a non-owned auto liability insurance compared to buying rental car insurance whenever you rent a car.
A non-owned auto insurance policy provide coverage when there is damage to someone’ else car, passengers or to people walking in the street who have been injured as a result of the accident. The other benefits from this policy is under-insured and uninsured coverage and medical expenses occurring to you or the car passengers.
Take note that there is one downside of a non-owned auto liability insurance: it does not provide collision coverage. Collision coverage is what you use to pay for damages occurring to your car in the event of an accident with another car, object or if the car rolls over in such an event.
So, when you rent a car, you will need to make sure that you purchase a collision coverage from the rental company. However, if you are paying the car rental cost by credit card, you might want to check with your credit card company to see if they provides this coverage free of charge. Most of the credit card company do provide the collision coverage when you pay for the rented car using their card.
Monday, June 30, 2008
Monday, June 23, 2008
How To Buy Cheap Miami Auto Insurance
When you are talking about buying cheap auto insurance in Miami, you need to know what are the factrs used to determine the premium cost of your Miami Auto Insurance. As we all know, whether one can get a cheap auto insurance varies from people to people due to the many factors used.
Therefore, it is good if you can understand the various factors used in deciding your Miami Auto Insurance so that you are able to get a cheaper quotes by playing to the game. The following are some ways that we found very useful when it comes to buying cheap auto insurance in Miami, we hope that they are useful to you as well.
1. Get Quotes from Different Auto Insurance Companies
Getting an auto insurance quotes from various companies is very simple now, with the internet. As all the auto insurance companies competing online for business, their rates and products information ca be found online. You need to spend some times to get all the quotes and make comparison. The differences might be a couple of hundreds between various auto insurance companies. That's quite a savings, isn't it?
2. Check the Types of Discount Available
Insurance companies know it everyone likes discount, therefore, all of them have some kinds of discount scheme available. There are some who offered bundled scheme where you will get discount for buying both home and auto insurance together; there are some who offered discount if your car is safe and have good anti-theft devices; and there are many other types.
You need to check with your insurers to find out the scheme they have and whether it is suitable for you. The most common discount around will be for cars that have protection devices, things like, air bags, anti-lock brakes, anti-theft device, auto locking.
3. Eliminate Duplicate Coverage
Most of us have life and health insurance and it is pretty common to see overlapping coverage between all the insurance policy. While it looks insignificant, it can means a big savings sometimes. Unless you need the double coverages, or else, removing it will mean some savings on your insurance premium. So, go through your existing life and health insurance and tried to eliminated those that are already covered from your auto insurance. Some example of the possible repeat coverages are medical and personal accident.
Another area to look into is car towing. If you are already with AAA, then towing coverage in your Miami Auto Insurance is not necessary as AAA covered car towing.
It is really that simple, spend some of your times, do your own research and you could find yourself saving a couple hundred of dollars in premium cost. Although some find it troublesome to go through these works, it is never too troublesome to be cautious cheap auto insurance in Miami.
Therefore, it is good if you can understand the various factors used in deciding your Miami Auto Insurance so that you are able to get a cheaper quotes by playing to the game. The following are some ways that we found very useful when it comes to buying cheap auto insurance in Miami, we hope that they are useful to you as well.
1. Get Quotes from Different Auto Insurance Companies
Getting an auto insurance quotes from various companies is very simple now, with the internet. As all the auto insurance companies competing online for business, their rates and products information ca be found online. You need to spend some times to get all the quotes and make comparison. The differences might be a couple of hundreds between various auto insurance companies. That's quite a savings, isn't it?
2. Check the Types of Discount Available
Insurance companies know it everyone likes discount, therefore, all of them have some kinds of discount scheme available. There are some who offered bundled scheme where you will get discount for buying both home and auto insurance together; there are some who offered discount if your car is safe and have good anti-theft devices; and there are many other types.
You need to check with your insurers to find out the scheme they have and whether it is suitable for you. The most common discount around will be for cars that have protection devices, things like, air bags, anti-lock brakes, anti-theft device, auto locking.
3. Eliminate Duplicate Coverage
Most of us have life and health insurance and it is pretty common to see overlapping coverage between all the insurance policy. While it looks insignificant, it can means a big savings sometimes. Unless you need the double coverages, or else, removing it will mean some savings on your insurance premium. So, go through your existing life and health insurance and tried to eliminated those that are already covered from your auto insurance. Some example of the possible repeat coverages are medical and personal accident.
Another area to look into is car towing. If you are already with AAA, then towing coverage in your Miami Auto Insurance is not necessary as AAA covered car towing.
It is really that simple, spend some of your times, do your own research and you could find yourself saving a couple hundred of dollars in premium cost. Although some find it troublesome to go through these works, it is never too troublesome to be cautious cheap auto insurance in Miami.
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