The insurance waiver is a gold mine for them. A good friend of mine works for a national car rental company in my country. He was telling me that they attempt to hard sell the waiver because they make a lot of profit on it.
My thoughts on it are, I’m a careful driver, I haven’t had an accident yet. The waiver can be just as expensive as the car depending on what you rent and the period of the rental. I’m happy to ‘take the risk’ because in the long run I’ll be less out of pocket even if I do have to pay the excess once in a while.
How many times have you been in crash? And if not at all or rarely then why do you believe you’ll be in a crash the next time you rent a vehicle?
The way I think about it, if you rent a vehicle frequently or for long enough, you’re saving money after about 10-20 days of rentals. The exact number of days depends on the cost of the insurance waiver and excess fee for the rental company you use. So if you use a rental for longer than this number of days, then even if you write off the vehicle and pay the full excess, you will still have more money in your pocket than if you paid the waiver every time.
The key to success is having a keen eye when checking out the car and getting them to put down every mark - even if you have to be a little pushy to get them to do it. Obviously, don’t be a wreck less driver. And you should be golden.
The insurance waiver is a gold mine for them. A good friend of mine works for a national car rental company in my country. He was telling me that they attempt to hard sell the waiver because they make a lot of profit on it.
My thoughts on it are, I’m a careful driver, I haven’t had an accident yet. The waiver can be just as expensive as the car depending on what you rent and the period of the rental. I’m happy to ‘take the risk’ because in the long run I’ll be less out of pocket even if I do have to pay the excess once in a while.
Thanks for the explanation!
I know that I’m a careful driver but what about all the other people on the road?
How many times have you been in crash? And if not at all or rarely then why do you believe you’ll be in a crash the next time you rent a vehicle?
The way I think about it, if you rent a vehicle frequently or for long enough, you’re saving money after about 10-20 days of rentals. The exact number of days depends on the cost of the insurance waiver and excess fee for the rental company you use. So if you use a rental for longer than this number of days, then even if you write off the vehicle and pay the full excess, you will still have more money in your pocket than if you paid the waiver every time.
The key to success is having a keen eye when checking out the car and getting them to put down every mark - even if you have to be a little pushy to get them to do it. Obviously, don’t be a wreck less driver. And you should be golden.