Quote:
Originally Posted by rational1
>If the insurance the rental agency will charge will end up being less that the deductible on you own policy, it might be worth it.
That's not thinking like a betting man. What you want to do is multiply your deductible by the probability you will have an accident. And compare THAT with the rental agency insurance.
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When I rent a car for work related travel, my company covers all such problems.
When I rent it for personal reasons, my personal insurance covers all damages in line with my policy.
I have 1000 deductible on my insurance. So if I break the rental car, the first grand comes out of my pocket.
If I am only renting for a couple of days, that 20 bucks a day is probably worth it.
When I rented a vehicle for a cross-country, three week trip, the cost of the insurance was half again the cost of the rental, itself. It was a good gamble to try and save the money.
Quote:
Originally Posted by rational1
>I never get the insurance and don't have an insurance policy. Never had a problem.
Now that's a real bet because they could end up going after you for the price of the car. I would only make that bet if I didn't have any assets (and didn't expect to have any).
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The thing about gambling is that you should never bet more than you can afford to lose.
(BTW, guess which trip I was on when I actually had an accident.
Hint: it only cost me 40 bucks.)