Renting your dream car can be an affordable short-term way to get what you have always wanted. Who wouldn’t like dreams come true?
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Luxury Rental Car Insurance
But unlike dreams and, things can happen to you with that rental dream car, so make sure you have the right insurance with yourself to enjoy your trip stress-free.
How can you get insurance for a luxury rental car?
You can buy rental luxury car through:
- Your personal car insurance.
- Your credit card.
- The rental company.
How much would buying insurance for a rental luxury car cost if you get it from car rental companies?
It really depends on what kind of car you want to rent and from where you’d get it. For example: Porsche 911 will cost $481, but cars such as Mustang GT, Camaro SS, Dodge Charger, and Cadillac XTS have a more reasonable price, $100 a day.
Does your car insurance cover luxury car rental?
Many policies have coverage for rentals cars written into them, but it’s limited. Typically, the policies coverage includes $10,000 liability plan, and up to $10,000 on rental.
We recommend you to call your insurance company to make sure that luxury cars are covered by them or your rental car maximums are high enough to cover the rental luxury car.
Does your credit card cover luxury car rental?
Some credit cards already cover rental cars, but only if you use that card to rent the car. Credit card insurance covers collision damage or theft.
Usually, credit cards don’t cover high-end rentals or driving outside the US, but you can call your credit card provider to see if you’re covered or not.
What other options do you have for renting and insuring a luxury car?
Another option other than getting insurance from the luxury car rental place is rental subscriptions and apps. This option is sort of new, and it will lend you the keys to a luxury vehicle for a reasonable price.
Luxury Car Insurance Companies + Cost
Where do luxury cars from rental subscriptions come from?
Rental subscriptions are manufacturer-led programs like Revolve by Mercedes-Benz or Access by BMW. They are becoming wildly popular for people who are interested in test-driving several luxury vehicles for one to three months.
How much does it cost to rent a luxury car with a subscription?
Most of these apps charge you $1,000 and maybe more for membership per month. Along with the luxury car you will get insurance coverage, roadside assistance, and vehicle maintenance. Revolve and Access all offer $1 million liability coverage, a $1,000 deductible, and $2,000 medical payments.
How much does it cost to rent a luxury car from car rental apps?
The fee you pay for subscription vary. It mostly depends on the city you live in, drive dates and of course the vehicle you choose to rent.
And yes, the usual stuff such as age, gender, driving record, credit card history etc., may impact your subscription cost.
