No-fault is for medical bills, not property damage. If you're responsible, you need collision to fix your vehicle. The insurance companies determine who's to blame, and that party (and their insurer) are responsible for property repairs and other damages, he says. If you caused the wreck, it doesn't mean you're off the hook. "After an accident, no-fault insurance lets all parties get payment for their immediate medical needs while their insurance companies are deciding amongst themselves which company is going to pay for the accident," says Michael Petrarca, an assistant vice president at Amica Mutual Insurance Co. No-fault car insurance varies by state, but usually requires your auto insurance company to pay medical expenses and lost wages for injuries due to a car accident, regardless of who is at fault. "No-fault insurance means it's not my fault!" "My personal auto insurance covers both personal and business use of my car."ġ. "I recently paid my insurance premium, so I won't need a new policy for my new car." "The laptop in my car is covered by my auto insurance policy." "I don't need comprehensive insurance for theft, because thieves don't steal old cars." "I got a ticket, so my car insurance rates will skyrocket." "A more expensive car costs more to insure."
"My auto insurance company can cancel my policy at any time." "My friend borrowed my car, so he's responsible for damages." "The color of my car affects my insurance rate."
#SAYS THE GUY WITH NO CAR INSURANCE FULL#
For full details on Grange’s auto insurance coverages and discounts, including rental car reimbursement coverage, contact your local, independent Grange insurance agent. Implementing one or more of these suggestions does not guarantee coverage. If any policy coverage descriptions in this article conflict with the language in the policy, the language in the policy applies. This article is for informational and suggestion purposes only. Want to learn more? Talk to your local independent Grange agent for complete details on rental reimbursement coverage. One year of rental reimbursement coverage will typically cost less than one day of out-of-pocket rental car expenses. But if you prefer the safety net of having a rental available if you need it, you may want to opt-in to this coverage. If you have access to another vehicle, rideshare service or public transportation in the event your vehicle isn’t drivable, you may not need rental reimbursement coverage. Check with your Grange agent, who will be able to tell you when this applies. No need to worry about additional insurance.įor the most part, when you have collision and comprehensive coverages in your auto insurance policy, it will transfer to the rental vehicle, eliminating the need to purchase additional coverage from the car rental agency. With rental reimbursement coverage, there’s no waiting. Otherwise, you will be relying on the at-fault driver’s insurance company, and you may have to wait a little while before they can assess the claim and agree to pay for a rental car. But if your car is undergoing routine maintenance that will keep it in the shop overnight or you are renting a vehicle for a family road trip, then rental reimbursement coverage would not apply.Īfter reporting a claim, if your vehicle isn’t drivable, you can be authorized for a rental car right away. So, if your car is at the body shop after an accident, a rental car is covered up to your limit. Rental reimbursement coverage can be used while your vehicle is being repaired after an accident or another covered loss, not for routine maintenance or leisure. Your vehicle must be in the shop due to a covered loss. Most insurance companies will offer several different options, allowing you to choose the limit that is right for you. For example, if you have a 25/750 limit, your insurance company will pay up to $25 per day but no more than $750 per claim for the rental vehicle. You’ll likely have a per day and per occurrence limit. In reality, you often have to select this coverage and apply it to the policy. A common misconception is that auto insurance automatically covers the cost of a replacement rental car. As an optional coverage, it must be purchased separately. Rental reimbursement coverage does not automatically apply after an accident. Here are seven things you should know about before buying rental car reimbursement coverage: 1. But rental reimbursement coverage can help alleviate some stress after an accident while also saving you money. We’ve all been there-and arranging alternate transportation while your vehicle is in a repair shop can be a hassle. Getting to work the next day shouldn’t be one of them. After a car accident, you have enough things to worry about.
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