How to shop for the best rental car insurance company
A lot of people assume you should buy the cheapest car insurance option available to you, because you’re in the market for a new car.
But in reality, most people aren’t in that position.
We spoke to a couple dozen renters insurance experts, who told us that if you’re looking for the cheapest insurance available to a renter, you should look for a company with low rates, low deductible, and the best coverage.
“You don’t want to buy the lowest rate you can find,” said David W., a real estate agent who lives in Los Angeles.
“If you’re willing to pay a lot more than what’s being offered, I would say go with a company that’s not cheap.
And if you have a good relationship with the insurer, it could go up as well.”
This is because the more expensive a company is, the more they can charge you for their insurance coverage.
A company with a lower premium can make more money, but it will also be more expensive to insure your vehicle.
Here’s how to compare rental car policies to get the best bang for your buck.
What is the cheapest vehicle insurance policy?