Quote:
Originally Posted by jkoral
I actually thought the funniest part was "piece of mind", but I just got a quote from my agent, $45/day rental coverage is $390/year on my policy.
I own and insure 3 cars. If you only insure 1 car, sure it makes sense and it's cheap, but like most insurance it's money down the drain if you don't use it. I've insured 3 cars for ~20 years, so $390 x 20 is $7800.
I suppose I could get rental coverage on just 1 vehicle and assuming $130/year that is only ~$10/month (not $2/month), but how do you determine which vehicle is going to be involved in an accident? All are driven daily by different members in my family (including myself). No point in getting rental coverage unless it is on all 3 vehicles and that does not make financial sense for me.
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Most of us fall under money down the drain with all our insurance premiums. It's the biggest scam out there. We should get money back for not using it...