Business Rental Car Insurance

Business rental car insurance rates can be more expensive at the counter. Purchase your own business rental car insurance policy and always compare quotes for the cheapest rates.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 27, 2021

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Here's what you need to know...

  • If you have a business the requires the use of rental cars on a regular basis, look into business rental car insurance
  • If you purchase insurance at the rental agency counter, you may be paying twice as much
  • You can change insurance carriers before your current policy expires; simply give the old carrier 30 days notice
  • Make sure you know the ways you can save on the cost of business rental car insurance

There are several reasons a business owner might need business rental car insurance. Whatever the reason, there are several car rental services ready to establish a long-term business relationship with you.

Rather than pay car rental services rates, why not carry your own business rental car insurance?

To get car insurance quotes on business rental car insurance, enter your zip code now!

The Basics of Business Car Rental Insurance

Transportation businesses usually have vehicles of their own, but it is sometimes necessary to rent a vehicle to replace one that is out of service. Other businesses that have frequent travelers may be in need of rental cars on a regular basis.

In either case, there is more than likely some type of existing insurance policies owned by the company.

Rental agencies offer loss damage waivers and collision damage waivers that are similar to collision and comprehensive insurance. If you already have liability or collision and comprehensive coverage, you may be duplicating what you have by purchasing insurance at the counter.

The only time it is advisable to purchase rental agency insurance is if there is not enough coverage on your existing policy.

If your business should have a need for this type of coverage in the event there is no other option, in exchange for your continued business, the agency or company may be willing to put your business on a preferred customer plan.

Several rental agencies have gold, platinum, or preferred member reward programs that make business car rental painless and easy with concessions.

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Who Needs Business Rental Car Insurance?


In addition to transportation services, business executives are in need of car rentals all the time whether they are in the field or traveling to remote locations. Entrepreneurs also use business rentals regularly or periodically.

The following are other vehicle types rented for business purposes daily:

  • Trucks
  • Tractors
  • Boats
  • Planes

For this reason, business rental car insurance or vehicle insurance is necessary to keep the vehicles moving.

Changing Business Rental Car Carriers

If there is a better option available that will save money and add to the budget, a savvy business owner should consider it.

If the existing company rates are increasing with every accident an employee has, maybe it is time to look at other car insurance companies.

Business rental car insurance carriers can show business owners how to save money. They can offer accident forgiveness and a $100 deductible windshield replacement on all vehicles. Any incentive that meets the subscriber halfway is worth considering.

You do not have to wait until your policy expires before changing carriers.

You can give them written notice and establish your new policy with your new carrier. Your former carrier has an obligation to send you the unused portion of your premiums.

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Your Personal Policy

It is simple for an entrepreneur who works alone or with a few employees to add business rental car insurance to their personal policy.

This additional coverage ensures that when business travel is necessary, you are covered without having to consult the rental counter about loss, damage, and collision damage waivers.

Larger businesses should have an existing policy for company owned vehicles.

If this is the case, it is also easy to increase the amount of coverage to include business rentals. In the event of an accident, your company will be saving a bundle of the out-of-pocket expenses.

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Making Business Rental Car Insurance Affordable

Business rental car insurance can be affordable for any business if you know where to snip a percentage here and there. Business owners can start by keeping the risk to a minimum by hiring drivers with good driving records.

Increased driver safety standards grab the attention of insurance carriers. They like multiple policies also. A company with a good credit score makes a difference in premiums as well.

Rental car agencies are always looking to build long-term relationships with businesses by making the rental process fast and convenient.

Members can pick up the keys and go in most cases. Although a great gesture, there is no need to increase their bottom line when you can increase your company’s bottom line by saving on commercial car insurance.

Business rental car insurance quotes are available today with only your zip code!

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Enter your ZIP code below to view companies that have cheap car insurance rates.

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