No one likes getting into a car accident. But, accidents happen. When they do, it is important to know what your insurance policy covers. Does State Farm cover rental cars? The answer is yes, but there are some caveats. Here’s what you need to know about State Farm’s coverage for rental cars.
Does State Farm Cover Rental Cars?
Yes, if you already have State Farm car insurance with collision and comprehensive coverage, it will extend to your rental vehicle too.
The one caveat is that you’re only covered to the limits of your personal vehicle’s auto policy.
State Farm terms getting rental insurance as a waste of money since they got you covered already.
However, there are some reasons you may need extra coverage by purchasing rental car insurance.
If you are using your rental car for business, your State Farm auto insurance will not cover you and therefore you should get yourself rental insurance.
More reasons to get rental insurance are explained below.
If you have a collision and comprehensive coverage for your primary vehicle, be sure that you will be covered for rental cars with a condition; You will be covered only to the limits of your own vehicle’s policy. So if your want to get a more expensive car with all the bells and whistles for a weekend it will be tricky.
The rental car company will offer a Loss Damage Waiver (LDW) or Collision Damage Waiver (CDW), which may cost around $20 per day in most states.
- LDW (Loss Damage Waiver) limits the amount you’d be responsible for if your rental vehicle is damaged or stolen.
- CDW (Collision Damage Waiver) only covers losses caused by collisions.
It is always wise to call your State Farm agent if you are unsure what your State Farm policy covers before picking up your rental car.
Many credit card companies offer rental car insurance as a perk. Ensure you contact your card issuing company to learn if they provide this car insurance coverage, how much, and what limitations there may be.
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What Does State Farm Full Coverage Auto Insurance Cover?
State Farm Full Coverage Auto Insurance is insurance that combines collision and comprehensive insurance, which pays out if your vehicle is damaged, plus liability coverage, which pays for injuries and damage you cause to others.
In summary, it includes;
- Liability coverage- covers medical expenses, vehicle repairs, and property damage of the other party if you were responsible for the accident.
- Collision coverage- pay to repair or replace your vehicle if it collides with another vehicle or object.
- Comprehensive coverage- pay to repair or replace your vehicle if it’s damaged by something besides a collision, including theft, fire, vandalism, or hitting an animal.
How Much Does State Farm Coverage cost?
The answer depends on a number of factors, including your driving record, the type of vehicle you drive, and where you live.
The average cost of State Farm car insurance is $417 a year for minimum coverage, $1,045 for full coverage and $1,130 for drivers with an at-fault accident on their records.
However, this figure can vary significantly depending on your individual circumstances.
If you’re looking for affordable car insurance, it’s worth comparing quotes from multiple insurers to make sure you’re getting the best deal possible.
Will Insurance Pay for Rental Car During Repairs?
Yes. Under car rental and travel expenses coverage, if your car is in the repair shop because of damage that’s covered by your comprehensive or collision insurance, car rental reimbursement will help pay the cost to rent a car you can use to get to work, to school, or for other day-to-day activities.
Secrets of State Farm(+ Other insurance Companies)in Handling Car Accident Claims
State Farm has a few secrets up its sleeve when it comes to handling these claims.
- Using Your Words Against You
- Citing Pre-Existing Conditions
- Stubborn Stalling
- Talking You Out of Legal Representation
A study by attorneyguss.com gives a real insight into these secrets. Click here to find the article
Is it Necessary to Buy Car Rental Insurance?
No, it is not necessary to buy rental car insurance if you are already covered by your own auto insurance policy.
However, it is important to check with your insurance provider to make sure that you are adequately covered before you rent a car.
If you are not covered, or if your coverage is not enough, then purchasing rental car insurance may be a good idea.
Reasons to Buy a Car Rental Insurance
- You want more coverage.
- Your personal car insurance has a very high deductible.
- You are travelling to another country.
- You are travelling for business.
- You don’t have any coverage currently.
- You are renting a premium vehicle/expensive than the one you own.
- You don’t want to use your personal insurance.
- You don’t want to use your personal insurance.
Our article on “Is it Necessary to Buy Rental Car Insurance?” covers these reasons exclusively.
Conclusion-(Summary of Does State Farm Cover Rental Cars?)
In conclusion, State Farm’s collision and comprehensive car coverage is a great option for those who are looking for an affordable way to protect their rental cars. With this coverage, you can rest assured that your rental car will be covered in the event of an accident.