Nearly half (46%)* of rental car companies are charging over $175 for a week’s Collision (CDW) and Loss Damage Waiver (LDW). This is over $157 more than a standalone policy from an independent company like InsureMyRentalCar.com which charges from only $17.50 for a single trip policy (up to 31 days in length) - ten times cheaper!
We've crunched the numbers and discovered that Insure My Rental Car (Insuremyrentalcar.com) could save renters over $90* a week on average. (*Based on research looking at the costs charged by five leading car rental agencies (Avis, Enterprise, Hertz, Dollar and Alamo), for a week’s car rental across the busiest holiday week (December 27 2014 to January 3 2015) in seven of the most popular U.S. vacation destinations (Orlando, Denver, Dallas, Chicago, Los Angeles, New York & Seattle).
Independence Day 2014 falls on a Friday, which is great news! It seems many of us are taking advantage of the festivities by going away for the weekend. Judging by stats released by Enterprise Holdings, the combined brands of Enterprise Rent-A-Car, National and Alamo Rent-A-Car have seen a reported 11% growth on last year in advance reservations at airports. Enterprise are having to issue an additional 250,000 vehicles to cope with the demand.
The Arizona Cardinals who play their fixtures in the University of Phoenix Stadium may face financial difficulties after a judge ruled that the state may have to pay back up to $200m from taxes imposed on rental cars.
In the U.S, Enterprise Rent-A-Car has been named the 2014 TripAdvisor Travelers Choice Favorite car rental agency. The TripAdvisor Travelers Choice awards highlight the brands that people prefer to use whilst on vacation across 46 categories, including car rentals, soaps and tablet computers.
Not only are car rental companies introducing ‘Green Fleets’ a more eco-friendly range of cars, but Hertz have made the Chevy Spark available in its California locations; specifically Los Angeles and San Francisco. The two branches now include the year’s top electric vehicle, the Chevy Spark is the most fuel efficient car according to the EPA and the Energy Department.
Properly insuring a rental car can be confusing, frustrating and downright daunting. Unfortunately, many consumers do not even think about car rental insurance until they get to the counter, which can result in costly mistakes—either wasting money by purchasing unnecessary coverage or having dangerous gaps in coverage.
Before renting a car, we suggest that you make two phone calls—one to your insurance professional and another to the credit card company you will be using to pay for the rental car.