Should I Get Insurance With My Rental Car?

Our Milan insurance agents explain how to ensure you are protected when renting a car.

People in Milan rent cars for various reasons. Perhaps theirs is in the shop, they need temporary transportation, or are relying on a rental as part of their vacation or for business reasons. Aside from the type of vehicle you rent and the price you pay, one of the biggest concerns (and most common frustrations) regards whether you need rental car insurance. At Hartman Insurance Agency, Inc., we help clients in these cases. Find out how to get the protection you need at a price you can afford.

Determining Whether You Need Rental Car Insurance In Milan, Michigan

Rental car companies provide a valuable service. Whether you need a car temporarily for personal or business reasons, these companies have you covered. Once you indicate the type of vehicle you want, the dates you need it, and the amount it will cost, you will be prompted to either accept or decline rental car company insurance coverage.

According to Enterprise Apps, car rental companies make over $99 billion dollars per year. In addition to rental car payments from customers, one of their biggest sources of revenue is from insurance policies they offer.

Car rental companies typically charge exorbitant prices for coverage. With limited experience in the industry, consumers may not be aware of their options. These typically include:

• Decline coverage, if possible, and assume full liability;
• Agree to purchase insurance the car rental company offers;
• Speak with our Milan auto insurance agents to discuss whether your existing auto insurance policy covers the cost.

One of the most common questions concerns whether rental car insurance is provided through your credit card company. It may be in some cases, but there are often strict stipulations, and the total amount of coverage may be limited.

Reducing Rental Car Liability Through Your Milan Auto Insurance Coverage

Does your current auto insurance coverage protect you in a rental car? That depends on the type of policy you have in place, your policy limits, and the reasons you are renting the vehicle.

NerdWallet warns that while your car insurance may cover you in a rental car, it is generally limited and only applies to vehicles rented for personal reasons. To ensure you are protected and to avoid liability, our Milan auto insurance agents recommend the following:

• Review your property damage liability coverage, which is required by law in Michigan;
• Review any comprehensive collision coverage you have in place, checking coverage limits and any deductibles you may have to pay;
• Review your personal injury protection coverage to ensure your own medical costs are covered;
• Review the terms of any credit card car rental insurance you have, any stipulations regarding use, and whether additional coverage is needed.

Contact Our Michigan Auto Insurance Agents Today

Rental car insurance costs are typically high. Hartman Insurance Agency can help you save money while reducing potential liability. Call or contact our Milan car insurance agents online to discuss your options today.