In the case of an accident, having the right rental car insurance can save you thousands of dollars. The deciding factor comes down to whether you buy a policy at the rental desk or through an insurance company or broker. The second option is generally your best best bet. Here’s what you should know.
Buying insurance at the rental desk The Insurance Bureau of Canada warns against buying insurance directly from the car rental company. The director of media relations, Steve Kee, noted “when you get to that desk, that's the last place you want to make that decision.” Indeed, rental insurance shouldn’t be hastily purchased. Generally, car rental companies give only a summary overview of the policy and put you on the spot to buy it. Renters are often left not knowing exactly what they’re covered for. Plus, you won’t be getting your money’s worth. As many people don’t make insurance arrangements in advance, rental companies are able to charge exorbitant rates. Getting rental insurance through an insurance company or broker What happens when you skip the sales talk at the rental desk and buy insurance beforehand? You have the following advantages: • Time to make an informed decision. Insurance agents and brokers will give you a detailed overview of the type of insurance you buy so that you won’t be met with any unpleasant surprises in the case of an accident. • Better price. Insurance companies provide insurance at a fraction of the cost of what rental companies charge. • More options. Buyers can compare rates and policies between insurance companies. Between getting a policy directly from an insurance company and going through a broker, the latter is the way to go. A qualified insurance broker will find the insurance company and policy that best suits your needs. This saves you time and ensures that you’re getting the best insurance at the best price. Purchasing rental car insurance in Halifax Looking for a policy tailored to your budget and your needs? You can count on the experienced brokers at Eisenhauer Insurance to find you cheap yet well-rounded rental car insurance. We’ve been providing Nova Scotia with excellent insurance solutions since 1980. Contact us today!