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Rental car insurance works the same way as regular auto insurance: you pay a certain amount of money in exchange for an insurance company’s agreement to cover losses and claims up to an agreed ...
This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental car may be worth more than the insured's vehicle. Most rental car companies offer insurance to cover damage to the rental vehicle.
Australia: Since the year 2000, the Federal Government's luxury car tax applies to new vehicles over a certain purchase price, with higher thresholds applying for cars considered as fuel efficient. [3] [4] As of 2019, the thresholds were approximately AU$66,000 (US$50,000) for normal cars and AU$76,000 (US$57,000) for fuel-efficient cars. [5]
Rental car prices are at an all-time high, due to a number of compounding problems. People are still seeking travel at high rates after canceling their 2020 (and, for some, their 2021) vacations ...
For insurance reasons, some companies stipulate a minimum and/or maximum rental age. In some cases, the minimum age for rental can be as high as 25, even in countries where the minimum legal age to hold a driver's license is much lower, e.g. 14,15,16 or 17 in the United States. It is not uncommon for there to be a young driver surcharge for all ...
Key takeaways. Booking a car rental with points or miles can make sense if rental prices are high or if you find a good deal. If you have a card that is part of a flexible credit card rewards ...
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