Planning to rent a vehicle? Whether it’s for a road trip, a business visit, or just to get around town, one thing you shouldn’t overlook is rental car insurance. While rental companies offer their own coverage, did you know that purchasing rental vehicle insurance through an insurance broker can save you money and provide better protection?
At Keystone Insurance, we’re here to help you navigate your options and ensure you’re getting the best value for your money.
Rental vehicle insurance is a type of coverage designed to protect you financially when driving a rented or borrowed private passenger vehicles, light trucks, motorcycles and mopeds in Canada or the United States. It includes the following coverages:
Physical Damage Coverage: Covers the cost of repairs if the rental vehicle is damaged in an accident, subject to a $200 deductible.
Liability Coverage: Protects you if you’re responsible for injuring someone or damaging their property while driving the rental car, with liability limits as high as $5,000,000 for vehicles rented out of province.
Theft Protection: Covers the cost of the rental vehicle if it’s stolen.
Loss of use Coverage: Daily allowances payable to you to rent a replacement vehicle and to cover “down-time” charges assessed to you by the rental company (subject to daily limits).
Without rental vehicle insurance, you could be held personally responsible for these costs, which can add up to thousands of dollars.
Protects You from Financial Liability
Accidents can happen to even the most careful drivers. If you’re involved in a collision or the rental car is stolen, you could be on the hook for repair costs, replacement fees, or even legal expenses. Rental vehicle insurance ensures you’re not left paying out of pocket.
Meets Rental Company Requirements
Most rental companies require you to have some form of insurance before you can drive their vehicles. Without it, you may be forced to purchase their expensive coverage at the rental counter.
Provides Peace of Mind
Driving an unfamiliar car in an unfamiliar area can be stressful. With rental vehicle insurance, you can focus on your trip knowing you’re protected in case something goes wrong.
Covers Gaps in Your Personal Insurance
Your personal auto insurance policy may not fully cover rental cars, especially if you’re traveling outside your province or country. Rental vehicle insurance fills these gaps, ensuring you’re fully protected.
Rental vehicle companies often offer their own insurance packages, but these can be expensive and may come with limitations. By working with an insurance broker like Keystone Insurance, you can easily access MPI’s rental vehicle insurance, which is not only more affordable but also tailored to meet all rental vehicle requirements.
The rate for Rental Vehicle Insurance is based on where the vehicle is rented, not where it is driven and you can drive the vehicle anywhere in Canada or the United States. For example, a customer who rents a vehicle in Winnipeg to drive to California pays the Manitoba rate, not the United States rate.
Manitoba rate – $3 per day
Canada rate – $8 per day
United States rate – $10 per day
A $15 policy fee and a minimum of three days of premium apply to each Rental Vehicle Insurance policy.
Cost Savings
MPI’s rental vehicle insurance rates are typically much lower than those offered by rental companies. By purchasing through a broker, you can avoid overpaying for coverage.
Expert Advice
Insurance brokers are licensed professionals who understand the intricacies of rental car insurance. We’ll help you choose the right coverage for your needs, ensuring you’re fully protected without paying for unnecessary extras.
Convenience
Instead of dealing with the rental company’s sales pitch at the counter, you can arrange your rental vehicle insurance in advance through your broker. This saves you time and stress during the rental process.
Purchasing rental car insurance through us is simple:
Contact us before your rental period begins.
We’ll provide you with a standalone policy based on the province or country you are renting the car in.
Enjoy peace of mind knowing you’re covered at the best possible rate.
Rental vehicle companies often push their own insurance packages, but they’re not always the best choice for Manitoba drivers. By working with Keystone Insurance, you can access MPI’s affordable rates and expert guidance, ensuring you’re fully protected without breaking the bank.
Keystone Insurance Brokers was built by bringing together several trusted independent brokerages serving Southern Manitoba communities for decades.
Our roots trace back to 1995 in Crystal City, when Treble Insurance began serving local families, farms, and businesses. Over time, brokerages in Souris, Cartwright, and Pilot Mound joined together, forming what is now Keystone Insurance Brokers.
Today, Keystone provides trusted insurance advice across Winkler, Morden, Morris, Crystal City, Pilot Mound, Cartwright, Killarney, and surrounding communities, protecting everything from family homes and farms to commercial businesses and trucking operations.
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