Chances are that every now and again you will need to rent a car. But unless you are a seasoned road warrior (or even if you are), there are many aspects you may not be aware of that can make renting a car less expensive for you, as well as potentially getting you a better car with a possible upgrade.
The very first aspect we should think about is whether or not to accept the insurance they will always offer. Some car rental companies even try to "scare" you into accepting their insurance with your rental, citing how much it will cost you if you are in an accident, even if it's not your fault. Many people acquire this insurance out of fear that something may happen, but they clearly have not done adequate homework.
The reality is that you must determine if you would be covered by the car insurance policy that you already have on your own car. Many insurance companies have a common policy where you are indeed covered with the same coverages and deductibles in your rental car. But be sure to check, since some insurance companies have an exclusion where if you are using the car for business purposes as opposed to personal reasons, then you are NOT covered.
The other choice is that if you are paying for the car with your Visa or MasterCard, depending on which one you have, you may have coverage through Visa or MasterCard. You should find out the particulars, because even if they do provide coverage for you, it may have an extremely high deductible or not cover things like theft or fire.
The amount of insurance from the car rental company could be as much as $7.50 to $12 per day that you have the car, so it can add up quickly.
There are many other ways to save money with car rentals. Do your research to find out the rates that are being charged for cars. If you plan on doing a lot of driving, make sure that your contract provides unlimited mileage, or that the miles they allow will fall within the amount you plan to do, because the per-mile charges are huge.
There is actually not singificant savings to be had by booking early, but the position you may run into is that the car class you want is sold out. A popular tactic is to book a compact car because the car rental agencies will routinely offer you an upgrade at a discounted price when you get to the counter, or they may be out of compacts and upgrade you at no additional price. But ensure you can live with a compact car in case they do not run out and do not offer an upgrade!
For drivers under age 25, prices for rental cars can be rather high but there are numerous things you can do to minimize the fiscal pain of that as well.
To save even more money, look into some of the lesser known car rental companies. Frequently their pricing is better than the well known brand names and they provide extra perks as well, like perhaps a GPS included in the car. Don't choose your car rental company dependent on getting extra frequent flyer miles because by and large, there is not even close to an even trade off.
Being smart about your car rental process can save you a ton of money and make the experience that much more pleasant, and it does not need to cost an arm and a leg!
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