No, Mercury does not offer discounts on rental cars. Some other insurers, like Geico and Progressive, partner with certain rental companies to give policyholders a discount when they rent a car. However, Mercury does not.
Even though Mercury does not offer rental car discounts, policyholders can still benefit from their Mercury coverage when renting a car. A Mercury policy will extend to rental cars, so you do not have to purchase additional coverage from the rental company unless you want higher limits or extra types of insurance.
Yes, your car insurance covers rental cars, in most cases. Standard auto insurance policies cover car rentals in the U.S., up to your normal policy limits and with your regular deductible, but it’s best to check the details of your car insurance policy to make sure you’re aware of any specific rental car restrictions.… read full answer
In addition, other policies, like health or home insurance, kick in for certain situations. Your health insurance will usually cover injuries resulting from a car crash, and home or renters policies cover items stolen from a car. Also, depending on the credit card you used to rent a car, you may be able to file a claim through it, too.
When Your Car Insurance Does Not Cover Rental Cars
Although every standard car insurance company has its own criteria for covering rental cars, a few situations are commonly excluded.
Most insurers do not cover rental cars outside of the U.S., though you can buy specialty rental car or travel insurance to fulfill another country’s insurance requirements.
If you get into an accident, the rental car company may charge you for things that your insurance won’t pay for, like loss-of-use or administrative fees.
Many personal car insurance policies do not cover cars rented for business reasons
Most companies have time limits, meaning that your insurance will cover a rental car for a few weeks or a month at most.
If you carry full coverage, your insurance will only pay for the limits established by the value of your usual car, even if the rental car is worth more.
When to Buy Additional Rental Car Insurance
You don’t have your own car insurance policy.
You have a personal insurance policy but want additional coverage.
You are renting a car for business purposes.
You are renting a car outside of the U.S.
Keep in mind that not every state requires rental car companies to automatically provide the minimum mandated insurance coverage. In California, for example, you need to carry a personal car insurance policy with liability coverage or purchase the rental car company’s additional liability coverage in order to drive legally.
You need some form of insurance to drive a rental car, but you only need to buy extra car insurance from the rental car company if you don’t have personal auto insurance or you’re traveling internationally. Standard car insurance policies usually extend to rental cars, so most drivers are already covered. Many … read full answercredit cards also provide insurance against damage to the rental car itself.
You Might Need to Buy Rental Car Insurance If You:
Don’t have a personal car insurance policy.
Have a personal car insurance policy but your limits are low.
Are traveling internationally and your personal insurance won’t cover you.
Are traveling for business and your personal insurance won’t cover you.
Don’t want to pay your normal deductible or see your premium increase if you file a claim.
Don’t want to pay fees that your normal insurance won’t cover, like loss-of-use charges.
Are renting a car for longer than your insurance or credit card will cover you.
Want to avoid filing a claim with your normal insurance company if you get into an accident with the rental car.
If your car rental is covered by your standard insurance and you’re willing to pay your normal deductible, it’s fine to go without separate rental car insurance. In this case, just be sure to ask your insurer about any exclusions before the rental begins.
It’s also worth noting that even if your standard car insurance policy only includes liability coverage, you might be protected in other ways. For instance, some credit cards allow you to file claims for damage to a rental car, while homeowners, condo, or renters policies cover personal possessions.
In other words, you should consider your current insurance policies before deciding if you need rental car insurance. Additionally, if you plan on using a credit card as coverage, be sure you know about any exclusions and actions you need to take for the coverage to apply, such as declining the rental car company’s insurance options. For more details, check out WalletHub’s complete guide to rental car insurance.
Mercury rental reimbursement pays for the cost of a rental car after the policyholder’s vehicle is damaged by a covered cause, such as an accident. Rental car reimbursement insurance from Mercury usually costs less than $10 per month, and drivers can purchase a limit of up to $100 per day for up to 30 days. This coverage does not apply to rental vehicles used while the car is undergoing routine maintenance, and drivers typically need … read full answercollision and comprehensive coverage to be eligible.
Here’s how Mercury rental reimbursement works:
You add rental reimbursement coverage to a Mercury car insurance policy that includes collision and comprehensive coverage.
The rental reimbursement coverage kicks in when you file a collision or comprehensive claim.
You will pay for the rental car initially, and Mercury will reimburse you later.
In general, rental reimbursement coverage is worth it if you think you are likely going to be in a car accident and need a rental car within the next few years. If not, then you likely won’t get much from the coverage, even though it’s relatively cheap. To learn more, check out WalletHub’s guide to rental reimbursement insurance.
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