If you believe your auto insurance covers the use of a rental car while your car is being repaired, you may be quite surprised when the need arises. Most insurance policies do not cover rental cars and they can be very expensive.
If you want to learn if your insurance policy does cover this benefit, you will of course need to check over your policy. You will be looking for the words loss of use. Loss of use coverage is the term used to cover the expenses for any transportation you may need while your car is being replaced or repaired. All this actually means if you find it on your policy is that you renting a car are covered on your policy some insurance companies may also refer to this as the car rental coverage clause.
If your policy does not cover car rentals, it is a coverage you should check out. Of course, this is more than likely something you absolutely do not want to do. Talking with your insurance agent to pay more money each month is not a glamorous factor of life, as you already think you are paying more than you should for car insurance.
On other hand, if you were in a car accident tomorrow, what you do for transportation until you receive the payment from the insurance company to actually purchase a replacement or have your car fixed? You could ask for rides from family and friends, but according to the time it takes, you may be wearing them very thin as well.
The costs of rental cars are not cheap and if you do not have this coverage, you will have to pay for this out of your own pocket.
The only way to know how much more it is going to cost is by comparing different car insurance companies. If you weigh the differences between paying for this type of insurance and renting a car for a week or longer, you will certainly see that this insurance is well worth adding to your policy. In most cases, this added benefit will not cost more than $10 or $20 per year. Just compare that to even a day of renting a car and you will certainly want to get the addition insurance. Then you will never be without a car and have to bum a ride or walk to work while you have your car repaired.