Cheap rental insurance is one of the best ways to save money on your car insurance.
But there are a few caveats you should know before signing up.
Here are some of the biggest drawbacks to cheap rental insurance:1.
The cost of your car will skyrocket.
Cheap rental cars aren’t the best options for the average person.
A $25,000 Honda Civic, for example, will cost you $35,000.
And, the sticker price of a new Honda Civic is more than $100,000, according to the Insurance Institute for Highway Safety.2.
Most rental insurance companies are only offering coverage up to $1,000 a month, and that’s a huge price tag to pay for car insurance coverage.
Most insurance companies won’t cover car insurance for more than a couple hundred thousand dollars a year.
But that could change.3.
You’ll pay a lot more for car and driver insurance.
While insurance companies will charge you a lower rate for your own car, the car companies will only cover the driver.
The driver will usually get paid a portion of the insurance, so if your insurance costs $1 million, your driver will only get $500,000 out of the deal.
If your car is totaled, you’ll pay even less.4.
Most car insurance companies have no restrictions on how much you can charge for car rental coverage.
If you sign up for an auto insurance plan with a company that doesn’t restrict how much a company can charge, you can end up paying a lot less than you’d pay if you just bought car insurance on your own.5.
You might have to pay a premium to get your car insured.
You can get cheap car insurance by signing up with an auto company that only charges a premium for a portion.
If that’s the case, the company will only be able to cover a portion, not the whole.
That means if you sign on with a $20,000 auto insurance policy and the rate starts at $20 a month for a driver and $15 for a passenger, the premium will only start at $15.
But if you choose to sign up with a car insurance company that charges a $10,000 premium, the driver will be charged $15 a month.
If you decide to sign on for a car rental insurance company, be sure to ask for quotes.
Car rental companies often charge a premium, but if the company doesn’t charge a reasonable premium for you, it might be worth the risk.