If you’re traveling on vacation from Austin, Texas, for business or really anywhere by plane, you’re going to need to rent a car. Every time you rent a car you’re asked the question “do you want rental car insurance?” and every time I bet you don’t know whether you need it or not. If you do go ahead and get the insurance, it will add an extra couple hundred dollars to the bill. Do you really need it or does your Austin auto insurance cover you when you drive a rental car?
The perfect way to know for sure what your Austin auto insurance policy covers is to call up your insurance agent and ask. Or better yet, figure out your policy and read the small print. Some insurance policies only cover a rental car if your car is in for repairs and that rental car is a substitute car. Other insurance policies may cover the rental car under an ‘other cars covered’ section of the policy.
There is confusion even among agents as to whether a rental is covered under a regular insurance policy. I contacted one Austin car insurance
agent that said insurance will not cover a driver in every vehicle unless you have a non owner’s policy. I contacted another insurance that said insurance only covers the car, not the driver and the insurance will extend to the rental car only if you have entire and collision coverage. But if you only carry liability insurance then the coverage will not extend and you need to get additional coverage from the rental agency.
A third insurance agent told me that you should always obtain insurance from the rental agency unless you know without a doubt that your car insurance policy has a loss of use clause. This means that if you do wreck the rental and it cannot be rented while it is being repaired, the rental company will charge you for those days. However, if you buy their insurance they won’t charge you. Several Austin car insurance organizations offer the loss of use coverage though.
A final answer from a fourth insurance agent says that car insurance will go after the driver if there is no other insurance on the car and it’s technically called ‘excess’. Your current car insurance will cover the parts that the car’s insurance doesn’t cover up to your policy limits. You have to have collision and comprehensive coverage to have comp/coll on the rental. Your deductible will apply if you get in a wreck.
Having the right car insurance is inherent. If you can afford to implement it take out comprehensive insurance as this will offer you far more protection in the event of damage to your auto through theft or accident. Getting caught out without top insurance could cause you a lot of out of pocket expenses that you may not be prepared for.
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A straightforward but focused tactic can be huge in achieving Low cost auto insurance for Austin auto insurance buyers. Here is a checklist of tiny ideas with whopping savings for Austin auto insurance.
• Combine indemnity Policies: Insuring two or more vehicles with the same insurance company can save you between 10 – 15% on your premiums. Moreover, having Austin home insurance through the same company can reduce your premiums by another 10-15 percent.
• Increase Your Deductible: One rule of thumb is to carry the maximum deductible you can afford.
• By increasing your deductible from $100 to $1,000, you can save up to 25% on your Austin car insurance rates.
• Install Anti-Theft And Security Devices: Installing a car recovery system such as Lo-Jack or Teletracer could save you up to 7-10% per year. There are other relatively economical anti-theft devices such as “The Club”, which locks the steering wheel in place, as well as having your Vehicle Identification Number (VIN) etched on each window.
• Clean Driving Record And Safety Courses: Even as traffic tickets and car accidents will Increase your premiums, most insurance companies offer discounts to drivers with spotless records. Additionally, some insurance companies will offer a discount if you attend a Driver Training School Program, and your employer might even pay the price if you use a company car for your job.
• Diminish Coverage On Older Vehicles If you have an older car worth between $1,000 – $2,000, you might be better off dropping the collision coverage. Check to see if your collision payment is more than the value of the automobile.
• Non-Smoker Or Early Retiree Discounts: Some companies provide discounts for Non-smokers and Early Retirees. Insurers judge smoking a hazardous driving activity.
• Park In A Garage:Now and then the difference between getting automobile insurance and going uninsured is where you keep your automobile at night. Most thefts do not involve a garaged car and this is reflected in premium discounts.
• Carpool With A Co-Worker: Most insurers surcharge premiums if the commute to work exceeds 3 miles. Carpooling with a associate can result in a discount for low-mileage use.
• Drive a Conservative automobile:Before buying a automobile you might want to find out how much your insurance will cost annually. Indemnity companies deem certain automobiles easily damaged and expensive to fix, and other autos the target of thieves. The Highway Loss Data Institute analyzes the cost to insurance companies from theft, collision, and injury claims as they relate to autos. Four-door automobiles have a 93% less chance of having a claim connected to theft than their sibling two-door vehicles.
Factors you cannot simply change that change your vehicle insurance rates:
• Your Age: Statistically, drivers under the age of 25 are at bigger risk of being in an crash than persons over age 25. Drivers between the ages of 50 and 65 generally have the safest records.
• Your Gender: Women are statistically safer drivers and have a better chance for Low cost auto insurance.
• Your Marital Status: A wedded person will shell out a smaller amount than a single person with an identical driving record.
Factors you CAN adjustthat have an effect on your car indemnity rates.
• Your Location: Where you live and work makes a difference in your automobile insurance rates. Persons living in certain areas with slight or no traffic are likely to pay out less on insurance than individuals living in jam-packed cities or suburbs since areas with a lot of traffic have a propensity to see more accidents. A number of neighborhoods also have a higher rate of car thefts, which can result in a higher payment rates.
• Your Driving Violations: Having an collision or moving violations on your record (speeding tickets, DWI, reckless driving, etc.) put you at a higher risk for accidents and will likely mean a higher payment. Some indemnity companies will punish you for your record for as many as five years from when the incident occurred. However, keep in mind, as your record improves, your payment will get lower.
• Your automobile Type: A cheap vehicle will cost a smaller amount to insure than that status symbol SUV sitting on 24″ rims.
• Your mishap Claims: A driving record that is spotless and free of accidents will hold fare better for you than lots of tickets and/or accidents.
• Your Credit History: Many indemnity companies view having a poor, or even no credit history as suggestive of higher risk and thus, charge you a higher premium.
• Your Occupation: Insurers have statistically found a association between your occupation and probability of filing claims. For example, a newspaper delivery person is most likely a higher risk than the personal financier sitting at their desk all day.
These factors when sensibly combined can be your best way to attain low cost auto insurance for Austin car insurance buyers.
If you are a parent trying to help your student driver find low cost auto insurance, then you are well aware that young driver insurance can be quite expensive. New, inexperienced drivers are statistically more likely to be involved in a collision. As a result, the auto insurance companies apply higher insurance premiums. Young male drivers are especially expensive. When you add young driver insurance to your existing policy, you will certainly see a substantial increase in costs. The key to savings is understanding – and asking for – certain types of discounts.
Add the Young Driver to an Existing Policy
Nearly every insurance company offers discounted rates for particular portions of the policy. You need to know what types of discounts to look for. The amount of the discount, and the exact types of discounts, will vary from one company to the next, which is why it is a good idea to get multiple quotes. If a young driver is on the same insurance policy with parents who have a spotless driving record
and already low rates, this will be less costly than a young driver getting his or her own policy.
Excellent Grades May Equal Low Insurance Rates
Students who maintain a ‘B’ grade point average or better will likely qualify for reduced rates. Young people who earn and maintain good grades tend to be more responsible and mature. Translation? Responsible and mature young people are usually not risk-takers when they get behind the wheel. Less risk means lower insurance rates.
Complete Driver Education Classes
New drivers who successfullly complete a drivers training course can expect to get lower rates with most companies. Don’t forget to mention this when getting a new quote.
Discounts For Less Driving
Auto insurance companies will also offer lower rates to people who do not drive [very often|as many miles]. The details will be different from one to the next, but normally less miles on the road means lower premiums.
Always Get Multiple Quotes
Comparison shopping will reveal the best auto insurance rates for your unique situation. Since each individual insurance carrier uses slightly different criteria, the resulting premiums will vary, based on the driver and the individual circumstances.
Get Online Quotes to Save Time
It is a relatively easy process to get multiple auto insurance quotes online. Typically it will require about ten minutes of your time to enter information about your specific needs and situation. Whether you are a young driver, or looking to reduce the costs of insuring a student driver, you should be able to find the best auto insurance prices when you compare several top companies.
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