Rental Car Insurance Coverage
Reader’s Question:
What kind of car insurance coverage on my policy if I am going to rent a car?
George
Chicago IL
It actually depends on your policy.
What you should do is to study once again your policy or request your insurance agent to review it with you. Your policy may have coverages for autos rented for the purpose of vacation, special event or for pleasure, but not business.
If you do not have “physical damage coverage” or a complete and collision and comprehensive coverage, you may not have coverage for a rental car. Given this, if your rental car gets damaged, your policy may not provide lost revenue the rental car company incurs while the car is being fixed or the cost of a new car if you totally damage the car.
Car Insurance For One Month?
Reader’s Question:
Is it possible to buy car insurance for just a month or so? Can I do that?
Francis
Los Angeles CA
Many insurance companies propose insurance for six or twelve- month terms but you don’t need to fully pay this at the start. Ideally, one only does a down payment then pays the rest on the succeeding payments. The requirement on the minimum down payment differs per state, but is 25% of the policy premium most of the time.
You can buy insurance for the shortest term offered and ask for it to be cancelled after a month. Most of the time, you will have to write a letter in order to make this request. In some cases, you will have to supply additional information and may be asked for an early cancellation fee if you do the cancellation mid-term. For some states, they do have pro-rated cancellation refunds.
For those states with mandatory insurance laws entail proof of other coverage or evidence that there is no insurable interest, such as when one opts to sell the car, or if one moves the car out of the state just to cancel within a particular amount of time, which is usually 60 days.
Best Auto Car Insurance Quote New Mexico NM
Reader’s Question:
What do I need to do to get the best auto car insurance quote in New Mexico?
James
Albuquerque NM
Our economy is in bad shape. It is thus hard to get good auto car insurance quote much less the actual insurance. It becomes much more difficult when you know that having a car and not insuring it is illegal in most states. How’s that for added pressure?
The problem with auto insurance is the high fees, be it monthly or annual. What a lot of people don’t know is that there are ways to buy affordable car insurance. They key is knowing where to find it. You see, when the country experienced an economic crisis, it wasn’t only consumers who were affected. Even companies were having hard time. In order for them to continue operating, insurance companies are now aggressively offering the best and lowest rates.
Because of this opportunity, there are now a lot of website on the Internet that can help you find that quote you are looking for. All you need to do is turn on your computer and start clicking your way to that auto car insurance quote. With online quotes you save both time and energy. No more sitting by the phone and calling every company that you can find in the phone book. You also save time waiting for agents to call you regarding your request for a quote.
Another advantage of going online is that you get quotes not just from one company. There are even sites that will do the comparison and give you the best quote based on your preferences. By the way, when looking for quotes online, just make sure that you get a lot of them. Although the site may have done the comparison, it is still best if you can compare them yourself. Further, check if the company that gave you the quote is licensed to operate in your area.
The best auto car insurance quote in New Mexico is not something you can get by doing nothing. Just give it a bit time. Try online and see the difference.