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For example, USAA typically offered the lowest rates at $817 annually, while Allstate averaged $1,570. ... This coverage helps pay for a rental car while your car's in the shop after a covered ...
Offer to fill the tank and wash the car in exchange for borrowing it while yours is in the shop. Consider public transportation: Dust off your bus pass or download a ride-sharing app.
Most rental car companies offer insurance to cover damage to the rental vehicle. These policies may be unnecessary for many customers as credit card companies, such as Visa and MasterCard , now provide supplemental collision damage coverage to rental cars if the rental transaction is processed using one of their cards.
Myth #2: Red cars cost more to insure. One of the most persistent myths about auto insurance is that insurance companies charge more to insure red cars.
Damage waiver (DW) or, as it is often referred to, collision damage waiver (CDW) or loss damage waiver (LDW) is a term that can be included or purchased as an option in a car rental agreement, by which the rental company waives the right to pursue compensation from the renter if the vehicle is damaged or stolen. [1]
Let's look at a real example: Say you lend your car to your sister while she's visiting over the holidays, and she backs into a pole in a parking lot, resulting in $2,000 in damages.
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