Most states require some level of car insurance, but this isn't the reason most people purchase it. Most people purchase auto insurance for protection, and having the right types of auto insurance protection is important. If you currently do not have rental car coverage on your policy, you might want to consider adding it. This is an affordable extra you can add to a policy, and it is a great type of coverage to add.
What Rental Car Coverage Is
Rental car coverage offers compensation for renting a car if you are in an accident. This type of coverage will typically cover up to a certain dollar amount per day towards renting a car. For example, the policy you purchase might offer up to $30 per day for a rental car. If you need a rental car and the cost is less than this, you will pay nothing. If the car rental costs more than this, you will have to pay the difference. The policy might limit the amount of time you can rent a car, but typically the coverage will last for a reasonable amount of time when a rental car is needed.
Why You Might Need It
Rental car coverage is an optional extra with auto insurance, but it can come in very handy if you are in an accident that you cause. If you cause an accident that leaves your car damaged, you will be able to get a rental car to use while your car is in the shop. If another driver causes the accident, you could also use your rental car coverage to get a rental car; however, the at-fault driver will typically be responsible to provide this coverage to you.
The Average Cost Of Coverage
Adding rental car coverage to your existing policy is very affordable. In most cases, the cost for a policy is only around $20 for six months. This means that for around $40 per year, or around $3 per month, you can have this extra coverage that might come in handy at some point in your life.
If you are not sure if you should purchase rental car coverage or other types of extras, contact an insurance agency today to discuss your current coverage and your needs. An insurance agent will help you fully protect yourself and your belongings through the right types and levels of coverage.
For more information, you will want to contact a company such as McHugh Insurance.