Dr. Robert N. Diotalevi, Esq., LL.M. Associate Professor, Legal Studies Founding Program Coordinator, Legal Studies, 2002-2010 Florida Gulf Coast University, Fort Myers, Florida, United States of America Dr. Werbin Eliana Mariela Professor, Accounting Department, National University of Cordoba, Argentina Dr. Jersone Tasso Moreira Silva FUMEC University, Business Administration Graduate Program, Av. Afonso Pena, 3880Bairro Cruzeiro – Read More ...
Rent a Car – What To Look Out For In Car Rental Prices
What To Look Out For In Car Rental Prices
A car rental is a business that leases cars for short periods of use, usually ranging from some days to a week. It can be an excellent way to travel to different places while saving money and time. There are many reasons to rent a car rather than buying one, the most important of which is saving money. By driving your own car, you will not need to pay road tax and insurance. In addition to this, you will not need to fill out rental forms as often. Driving yourself can also save you time since you can get to places faster. By driving yourself, you also avoid traffic jams.
There are two different types of car rentals.
These are full-service car rentals and, e.g. private services. Full-service car rentals are reserved through the rental company. On the other hand, e.g. limousine or sedan services are planned for the client. Car rentals companies offer various packages depending on your needs. A complete service includes insurance coverage, roadside assistance, driver supervision, and standard features such as air conditioning, navigation, DVD player, LCD screens, and CD player.
The standard “Rent a Car” package includes insurance coverage
All vehicles have standard coverage such as theft, collision, and comprehensive coverage. Usually, these services include only damage to the car. However, if your rental vehicle is damaged beyond repair, you may need to purchase additional coverage. This is what the comprehensive coverage is for. Some insurance companies require the rental vehicle to be equipped with at least PDA technology to provide insurance coverage in the event the phone goes missing. Some insurance companies will not rent a vehicle with this technology because it may increase the risk of theft. The coverage provided should be adequate to protect the policy holder’s personal belongings and their vehicles.
Most rental car companies may include uninsured motorist and underinsured motorist protection in the standard package.
There are several additional policies that the rental company may offer. These include loss of use, rental car replacement, rental car damage waiver, and rental car cash advance, to name a few. A standard liability coverage option is usually included with the rental car. Liability coverage includes bodily injury and property damage liability, medical payments, and legal costs. The cost of liability coverage is based on the rental company’s designated amount per month and is usually very affordable.
The cost of underinsured and uninsured motorist coverage is not typically part of the standard rental package but maybe an option for clients who need it. These policies cover the policyholder against damages that occur due to a motorist who is driving without enough insurance to cover their vehicle. Therefore, it is essential to confirm the exact type of coverage that the rental car company will provide when renting. Some companies offer coverage options, which are more expensive than others, while others do not.
Most rental cars have a factory warranty, which often expires after the limited warranty has expired.
They also offer extended warranties, which are typically covered for the life of the car. If the car has been manufactured under the European auto industry safety rating system, it will generally have a warranty that the European Commission approves. Before renting a car, it is imperative to check all aspects of the insurance policy, including the excess or deductible. Excess or deductible is when the rental car company must pay out of pocket if the client has to make a claim. Many rental car companies charge an excess fee whenever a client has to make a claim.
The location of the rental car’s location is another element that is taken into account.
Car rental prices are based on many factors. Including the distance to the nearest rest area, mileage, time spent driving, the type of vehicle chosen, and the airport terminal used. Those who prefer to rent a car close to their home may end up paying a little more, especially when you compare to renting one that is 500 miles away from home.
Car rental agencies have come a long way in recent years
They offer a wide range of vehicles and great customer services. Rental cars are available at most airports today. Those with access to rental car services can make the most use of this option. It is important to take a good look at all aspects of the car rental before agreeing to meet everyone’s expectations.
What should I be aware of when renting a car?
The law in most places requires that you be covered under some insurance program before you can rent a car. Make sure you read the small print on the rental agreement to find out what the coverage is. You want to get the coverage you need, but you don’t want to pay too much for it.
How do I avoid getting ripped when renting a car?
If you are going to rent a vehicle, you will need to get an insurance certificate from the rental company. It is best to get it online instead of going into a local office to get the insurance. You will find that there are many different types of policies that you will find with rental companies. Sometimes, the coverage will be a mix of liability and comprehensive coverage.
Is it cheaper to rent a car or use Zipcar?
It depends. It really does. Both services work. It is all about the coverage. A single auto insurance policy is a lot cheaper if you use a car-sharing company’s services, but there are a few caveats.
Who is the cheapest car rental company?
The answer to that question depends on who you ask, and it varies depending on their credit history and the value of your car. If you get quotes from high-risk insurance companies, they will be the cheapest. However, if you get quotes from high credit companies, they will be the cheapest. This is because they don’t spend a lot of money on advertising, and they don’t have to pay out all that much in claims. This is the theory, but the problem is that you need to consider all the other things.