{"id":6881,"date":"2022-12-28T16:30:00","date_gmt":"2022-12-28T16:30:00","guid":{"rendered":"https:\/\/www.freeway.com\/?p=6881"},"modified":"2023-09-22T13:18:05","modified_gmt":"2023-09-22T13:18:05","slug":"will-my-insurance-cover-the-car-rental-cost","status":"publish","type":"post","link":"https:\/\/www.freeway.com\/blog\/car-insurance-3\/understanding-insurance\/will-my-insurance-cover-the-car-rental-cost\/","title":{"rendered":"Does Car Insurance Cover Rental Cars?"},"content":{"rendered":"\n
If you\u2019ve been in an accident and your vehicle was significantly damaged, chances are you\u2019ll need a temporary replacement. But the question is, who will cover the rental cost? While it\u2019s common for many car insurance<\/a> policies to include rental reimbursement coverage, it is by no means standard. To avoid any unpleasant surprises when you most need this coverage, it\u2019s a good idea to check with your insurance agent.<\/p>\n\n\n\n If you don\u2019t already have rental reimbursement<\/a> in your policy, it\u2019s worth taking a moment to evaluate the benefits of adding coverage. The good thing is that this coverage is generally a low-cost addition to a policy \u2013 sometimes as low as $2 a month. This is bargain when you consider that the average time it takes to repair an automobile is about two weeks, which means the rental cost can quickly add up to $1,000 or more.<\/p>\n\n\n\n It used to be that you could get a rental vehicle for $30 per day. That\u2019s all changed in recent years. Depending on where you live, what rental company you use and what type of vehicle you are looking for, the cost could be $100 more per day. There are three reasons why rental vehicles are so much more expensive and it can be tied directly back to the COVID-19 pandemic of 2020-21.<\/p>\n\n\n\n As in all economics, more demand and less supply will always drive up prices.<\/p>\n\n\n\n It works by paying for a rental when you need one. Rental car reimbursement<\/a> can be used for many types of alternative travel options when your regular auto is in the shop for a covered event. This can include a rental, but it may also cover paying a friend to use their vehicle or taking public transportation such as the bus or subway.<\/p>\n\n\n\n You may choose to use a company that your insurer has an agreement with to expedite your need. You may also choose whether your insurer reimburses you or pays the company directly. The advantage to using your insurer\u2019s company and letting them pay directly is that you may end up with a better ride than if you went it alone.<\/p>\n\n\n\n Typically, your policy will have a certain limit on the length of time and amount that you can use on your reimbursement.<\/p>\n\n\n\n It will help expedite the process if you need a rental vehicle. And, if you cause the wreck, it will help pay for your rental.<\/p>\n\n\n\n Adding coverage to cover the rental cost to a policy is a good idea even for the most confident drivers. Often, good drivers will choose to skip on this coverage simply to pay the lowest possible premium. However, even if the accident is not their fault, the insurance company of the driver at fault can take days or even weeks to make arrangements for a rental. However, if you have rental reimbursement coverage, your insurance company will typically expedite the process to avoid having you pay the initial rental cost out of your pocket. If you\u2019re not sure whether you have rental reimbursement, check now before it\u2019s too late.<\/p>\n\n\n\n Rental reimbursement is an optional type of coverage<\/a> that may end up being worth it in the long run.<\/p>\n\n\n\nWhy Are Rentals So Expensive?<\/h2>\n\n\n\n
How Does it Work?<\/h2>\n\n\n\n
Why Should I Add it to My Policy?<\/h2>\n\n\n\n