This is part 2 of my series on renting cars in Hawaii. I also suggest you read part 1: “My Experience Renting a Car” .
I’m a big cheapskate. I love saving money. Everything I buy or spend time on, I like to shop around and see the different options available. And when I find something that saves me a lot of money, I get a giddy feeling inside of me. Renting a car was no different I had to make sure I got a good price on things so I did a bit of reading before I got my rental.
This was something that surprised me.
When I got an online quote from Enterprise, they did not mention insurance at all. So I arrived at the Waikiki branch one day, thought I was getting a killer rate, but then they showed me their daily insurance rates… and getting full insurance (there are 4 types of coverage) cost more than the car rental!
Rental companies offer 4 different types of insurance.
The following insurance add-ons were presented to me at the Enterprise branch:
1. Loss Damage Waiver (
$19/day). Covers rental car damage or theft. This is to insure the actual rental car.
2. Liability Coverage (
$12/day). Covers damages to 3rd parties. VERY IMPORTANT! No liability coverage means that people you cause injury or death to can sue you personally and you will pay out of your own pocket.
3. Personal Accident Insurance (
$4/day). This is to pay for your or passenger hospital bills that are injured while driving.
4. Personal Effects Coverage (
$3/day). This is to insure things in your car, in case they get stolen.
The rental car insurance rates can change, but for me, the total for full coverage was about $38/day.
Here’s a tip that could save you time and money: you may already have coverage for rental cars!
A lot of credit cards out there include some rental car insurance as a benefit if you reserve/pay for the rental car with your credit card. Also, if you have car insurance plans, they may also cover rental vehicles (though you’d have to pay a deductible to make a claim). Both items are automatic benefits of using their services, but are usually hidden in fine-print in the brochures/packages the credit card companies/insurance companies sent you when you got your card or insurance. If you have doubts, just call your customer support line and ask! Ask for someone who can tell you more about the extent of your rental car coverage, because the first person you talk to probably won’t know the full details.
As for Personal Accident Insurance, your health insurance or auto insurance may already cover it.
As for Personal Effects Coverage, I suggest you be smart and not leave valuables visible in your car in the first place. Thieves love to target rental vehicles parked in isolated spots, like parking lots at hiking spots.
In the unlikely scenario that your own car insurance or credit card doesn’t provide coverage, then just get coverage from the rental car company. You will definitely need Loss Damage Waiver insurance. Don’t be a cheapskate. Someone getting out of their car can dent your door, a thief could break your window to steal your change jar or a drunk driver leaving Waikiki could side-swipe your car. You don’t want to see the actual bill if any of those things happen.
Rental cars rates are like Costco: they’re cheaper when you buy in bulk. You can play around with the online car rental quotes to check this if you don’t believe me. For Enterprise, if you reserve for 6 days or more, you will see a dramatic drop in rental rates.
Here’s a quick example quote I got from Enterprise. I did a quote for 3 days and then I did a quote for 6 days. Starting date, car class, rental location, pickup time are the same for both.
3 day rental = $52.99/day http://ift.tt/1PdFxnm