Comments on: One Good Reason NOT to Cancel Your Collision Coverage http://outofyourrut.com/one-good-reason-not-to-cancel-your-collision-coverage/ Making more money...Saving more money Thu, 17 May 2012 06:42:29 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: BG http://outofyourrut.com/one-good-reason-not-to-cancel-your-collision-coverage/#comment-4263 BG Mon, 25 Jan 2010 23:53:15 +0000 http://outofyourrut.com/blog/?p=770#comment-4263 We don't carry collision coverage (cheap paid-for cars). For rentals, we use our Visa credit card that covers us. Just call your credit card company and confirm first (before each rental), and make sure you pay for the rental with that credit card. We have a no-fee Simmons Visa card and is good on their Classic, Gold, and Platinum varieties. Why pay anything when you can get it for free? We don’t carry collision coverage (cheap paid-for cars). For rentals, we use our Visa credit card that covers us. Just call your credit card company and confirm first (before each rental), and make sure you pay for the rental with that credit card. We have a no-fee Simmons Visa card and is good on their Classic, Gold, and Platinum varieties.

Why pay anything when you can get it for free?

]]> By: Deanna Llewellyn http://outofyourrut.com/one-good-reason-not-to-cancel-your-collision-coverage/#comment-4217 Deanna Llewellyn Sun, 24 Jan 2010 14:25:24 +0000 http://outofyourrut.com/blog/?p=770#comment-4217 I'm a former insurance agent, and the owners of the agency I worked for, would at a customer's request, add collision coverage for the duration of a client's car rental term. If you were renting a vehicle for a trip, we would add collision coverage for the days you were renting the car, and remove the collision coverage when you turned the rental car in. Cheaper than keeping collision coverage on year-around. I’m a former insurance agent, and the owners of the agency I worked for, would at a customer’s request, add collision coverage for the duration of a client’s car rental term. If you were renting a vehicle for a trip, we would add collision coverage for the days you were renting the car, and remove the collision coverage when you turned the rental car in. Cheaper than keeping collision coverage on year-around.

]]> By: Kevin M http://outofyourrut.com/one-good-reason-not-to-cancel-your-collision-coverage/#comment-3812 Kevin M Mon, 11 Jan 2010 22:06:56 +0000 http://outofyourrut.com/blog/?p=770#comment-3812 Thanks for the tip Justin. Sometimes a major credit card offers coverage too, but many of them have canceled that benefit in recent years. Sometimes they'll cancel the coverage in one of those multi-page, fine print disclosure forms that most of us ignore, and you don't find out about it until you go to rent a car. $7-9 a day sounds like a good deal, as long as you don't also have to pay an annual fee, otherwise keeping your collision might still be a better way to go. We were quoted $26/day by the rental company. Thanks for the tip Justin. Sometimes a major credit card offers coverage too, but many of them have canceled that benefit in recent years. Sometimes they’ll cancel the coverage in one of those multi-page, fine print disclosure forms that most of us ignore, and you don’t find out about it until you go to rent a car.

$7-9 a day sounds like a good deal, as long as you don’t also have to pay an annual fee, otherwise keeping your collision might still be a better way to go. We were quoted $26/day by the rental company.

]]> By: Justin http://outofyourrut.com/one-good-reason-not-to-cancel-your-collision-coverage/#comment-3810 Justin Mon, 11 Jan 2010 21:22:06 +0000 http://outofyourrut.com/blog/?p=770#comment-3810 You can get collision damage coverage through a travel insurance policy, or by itself I believe on travelguard.com. Its like $7-9 a day for coverage. You can get collision damage coverage through a travel insurance policy, or by itself I believe on travelguard.com. Its like $7-9 a day for coverage.

]]> By: Wojciech Kulicki http://outofyourrut.com/one-good-reason-not-to-cancel-your-collision-coverage/#comment-3786 Wojciech Kulicki Tue, 05 Jan 2010 17:25:49 +0000 http://outofyourrut.com/blog/?p=770#comment-3786 I am in the camp that DID cancel coll/comp coverage about a year ago, but you bring up a point I had not considered. However, I rent a car so infrequently (actually, I have never rented a car personally) that this would not affect me, but I'll have to keep it in mind if that changes. .-= Wojciech Kulicki´s last blog ..<a href="http://feedproxy.google.com/~r/FiscalFizzle/~3/o7MGcTYzwqk/" rel="nofollow">Untemplater: Personal Finance for Generation Y</a> =-. I am in the camp that DID cancel coll/comp coverage about a year ago, but you bring up a point I had not considered. However, I rent a car so infrequently (actually, I have never rented a car personally) that this would not affect me, but I’ll have to keep it in mind if that changes.
.-= Wojciech Kulicki´s last blog ..Untemplater: Personal Finance for Generation Y =-.

]]> By: Kevin M http://outofyourrut.com/one-good-reason-not-to-cancel-your-collision-coverage/#comment-3785 Kevin M Tue, 05 Jan 2010 14:14:51 +0000 http://outofyourrut.com/blog/?p=770#comment-3785 Me either! I stumbled upon it by accident and thought it was worth a post. Me either! I stumbled upon it by accident and thought it was worth a post.

]]> By: nickel http://outofyourrut.com/one-good-reason-not-to-cancel-your-collision-coverage/#comment-3783 nickel Tue, 05 Jan 2010 13:52:26 +0000 http://outofyourrut.com/blog/?p=770#comment-3783 Sounds like a good deal to me. I hadn't ever thought about it from that angle. Sounds like a good deal to me. I hadn’t ever thought about it from that angle.

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