What Does Rental Reimbursement Cover?
Rental reimbursement coverage is used for the purpose of providing a policy holder with a vehicle to drive while their own car is being repaired due to a collision or other type of insurance claim. It will cover up to the specified limit for a rented vehicle on a per day basis. Most policies have a standard limit of $20 per day for up to 30 days. In most cases you will have the option to raise these limits if you wish.
How Much Does Rental Car Reimbursement Coverage Cost?
The cost of rental reimbursement coverage will vary from company to company. For the most part if you just want the minimum limits it will usually cost around $40 per year which when broken down to monthly payments is only a few dollars a month. Compare that against how much a rented vehicle would cost for a few weeks or even a few days and you can see the value in adding this type of protection to your auto insurance policy. The best way to find out how much it costs is to compare rates online. By doing so you can quickly find out which company has the lowest rate.
Companies That Offer Rental Car Reimbursement
Most car insurance companies give the option of adding rental car reimbursement to your policy. Some carriers include it automatically while with others it is completely optional. Getting free quotes for this coverage is the fastest way to find out which insurers offer it at the lowest price. Once you have the results of your rate request you can easily make a decision as to which program best fits your needs and budget.