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HOW TO RENT A CAR CHEAP - WATCH THIS BEFORE RENTING A CAR - RENTAL CAR ADVICE
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Watch this before renting a car to make sure you know everything you need to know about rental car insurance, things you need to check when renting a car and avoiding fees and charges.
Huge thanks to Autoslash for sponsoring this video.
Loss Damage Waiver Protection (LDW) or Collision Damage Waiver (CDW) is an insurance that is not required by law but rather a coverage you can book for ease of mind. Essentially this will cover any damages to the Rental Car without a deductible or in some cases a reduced deductible. Be aware as often times and CDW/LDW booked via a booking site vs. booking directly with the rental company will only reimburse you for deductibles or charges for damages you were obligated to pay to the rental company directly.
PAE - Personal Accident & Effects insurance.
This insurance covers damages and injuries caused to you and your passengers in case of an accident.
SLI - Supplemental Liability Insurance Coverage
This Insurance for rental cars covers the gap for any liabilities that exceed the base insurance (depending on state and country) for damages to other cars or persons you might cause during an accident.
Rental Car Tips From the Pros:
- Pre-paying for a tank of gas, or letting the rental company re-fill the tank upon return may be convenient, but you’ll likely pay for the privilege. Bringing the car back with less than a full tank and having the rental company re-fill it will incur fees of anywhere from $5.00 to over $10 per gallon. Ouch! While the option to pre-pay for a tank of gas can be a handy option, the reality is that you’d have to return the car almost completely empty in order for it to really pay off. It sounds simple, but it’s often tougher to do than you think. Plan ahead and leave yourself enough time to fill up on the way back to the rental office, as this is almost always the least expensive option.
- Standing at the rental counter on the receiving end of the ‘hard sell’ on insurance is not the time to think about whether you have the coverage you need. Find out ahead of time what your personal auto insurance and/or credit card covers you for. All coverage is not created equal, and even different credit cards from the same company offer varying levels of protection. Taking the insurance offered by the rental company will provide peace of mind and a minimum of hassle should something happen, but it will come at a price.
- It’s a common fallacy that rental rates off-airport are always less expensive than renting at the airport. While this can often be true due to generally lower taxes off-airport, in some cases competition between companies can drive prices down to very low levels at the airport—even after taxes are factored in. Sometimes a cab ride to an off-airport location makes sense, while other times the airport may actually be cheaper, so check both options to ensure you’re getting the best possible deal.
- Avoid pre-paid rentals. They may look cheaper but you can probably find a better deal later on and you'll wish you hadn't paid up front
- Book your rental as early as possible and check rates often or track the rate with a service like AutoSlash. Prices often drop as the pickup date approaches.
- Be careful about additional driver fees. Some companies charger for spouses to drive, while others do not. You can also get the additional driver fee waives when using discounts for organizations such as AAA, Costco, AARP and USAA.
- The car rental industry is controlled by 3 main players -- Enterprise Holdings, Avis Budget Group, and Hertz. Avis owns Budget & Payless & Zipcar. Enterprise owns National and Alamo. Hertz owns Dollar and Thrifty.
- Inspect your vehicle carefully before leaving the lot and take photos or a video of any damage before leaving the rental lot. Insist that any damage be documented by the rental company, lest you be accused of causing damage that was already there. Proving damage existed when you picked up the car can be your word against the rental company, so it's worth an extra couple of minutes of your time to avoid problems and financial loss later.
- Be careful about using the toll transponders in rental cars. You will generally pay the highest cash rate available and a per-day "convenience fee" that can add up. A better approach is to avoid toll roads, use the cash lane when possible, or get your own toll transponder for the area you will be traveling in before the trip or when you arrive. The savings could be significant.
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Huge thanks to Autoslash for sponsoring this video.
Loss Damage Waiver Protection (LDW) or Collision Damage Waiver (CDW) is an insurance that is not required by law but rather a coverage you can book for ease of mind. Essentially this will cover any damages to the Rental Car without a deductible or in some cases a reduced deductible. Be aware as often times and CDW/LDW booked via a booking site vs. booking directly with the rental company will only reimburse you for deductibles or charges for damages you were obligated to pay to the rental company directly.
PAE - Personal Accident & Effects insurance.
This insurance covers damages and injuries caused to you and your passengers in case of an accident.
SLI - Supplemental Liability Insurance Coverage
This Insurance for rental cars covers the gap for any liabilities that exceed the base insurance (depending on state and country) for damages to other cars or persons you might cause during an accident.
Rental Car Tips From the Pros:
- Pre-paying for a tank of gas, or letting the rental company re-fill the tank upon return may be convenient, but you’ll likely pay for the privilege. Bringing the car back with less than a full tank and having the rental company re-fill it will incur fees of anywhere from $5.00 to over $10 per gallon. Ouch! While the option to pre-pay for a tank of gas can be a handy option, the reality is that you’d have to return the car almost completely empty in order for it to really pay off. It sounds simple, but it’s often tougher to do than you think. Plan ahead and leave yourself enough time to fill up on the way back to the rental office, as this is almost always the least expensive option.
- Standing at the rental counter on the receiving end of the ‘hard sell’ on insurance is not the time to think about whether you have the coverage you need. Find out ahead of time what your personal auto insurance and/or credit card covers you for. All coverage is not created equal, and even different credit cards from the same company offer varying levels of protection. Taking the insurance offered by the rental company will provide peace of mind and a minimum of hassle should something happen, but it will come at a price.
- It’s a common fallacy that rental rates off-airport are always less expensive than renting at the airport. While this can often be true due to generally lower taxes off-airport, in some cases competition between companies can drive prices down to very low levels at the airport—even after taxes are factored in. Sometimes a cab ride to an off-airport location makes sense, while other times the airport may actually be cheaper, so check both options to ensure you’re getting the best possible deal.
- Avoid pre-paid rentals. They may look cheaper but you can probably find a better deal later on and you'll wish you hadn't paid up front
- Book your rental as early as possible and check rates often or track the rate with a service like AutoSlash. Prices often drop as the pickup date approaches.
- Be careful about additional driver fees. Some companies charger for spouses to drive, while others do not. You can also get the additional driver fee waives when using discounts for organizations such as AAA, Costco, AARP and USAA.
- The car rental industry is controlled by 3 main players -- Enterprise Holdings, Avis Budget Group, and Hertz. Avis owns Budget & Payless & Zipcar. Enterprise owns National and Alamo. Hertz owns Dollar and Thrifty.
- Inspect your vehicle carefully before leaving the lot and take photos or a video of any damage before leaving the rental lot. Insist that any damage be documented by the rental company, lest you be accused of causing damage that was already there. Proving damage existed when you picked up the car can be your word against the rental company, so it's worth an extra couple of minutes of your time to avoid problems and financial loss later.
- Be careful about using the toll transponders in rental cars. You will generally pay the highest cash rate available and a per-day "convenience fee" that can add up. A better approach is to avoid toll roads, use the cash lane when possible, or get your own toll transponder for the area you will be traveling in before the trip or when you arrive. The savings could be significant.
Tags:
Watch this before renting a car,
car rental insurance coverage,
rental car insurance,
rental car scams,
cheap rental cars,
safe money tips,
save money on rental cars,
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insurance for rental car,
PAE,
SLI,
insurance coverages explained,
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Budget,
avis,
enterprise,
thrifty,
alamo,
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save money for travel,
travel hacking,
business class
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