Does My Car Insurance Cover Rental Cars?

When renting a motor vehicle for a Mesa, AZ family vacation, for business travel, or for a road trip with your friends, you will be asked by the rental company clerk if you want to purchase car insurance. Your first instinct may be to agree so that you don’t run into any potential insurance problems. But, do you really need that rental car insurance in order to be properly covered in the event of a collision or damage to the car? There is a good chance that your current Lifetime Investments auto insurance policy will keep you covered and will overlap with rental car insurance. Before you whip out that credit card to pay for rental car insurance coverage, here are some things to consider. 

Do You Have Liability Coverage? In most cases, your primary auto insurance coverage will also cover a rental vehicle. So, if you are involved in a collision while on the road in a rental car, it will pay up to the policy limits for damage that occurs to other vehicles or property. Because liability coverage is required by law in Mesa, AZ, you already have it on your car insurance policy. This will also pay for other driver’s injuries if you’re at fault in an accident. It also covers any damage you cause to other vehicles and property. As long as you are comfortable with your limits, you can skip on the rental car insurance. 

Do You Have Full Coverage? If you have comprehensive and collision coverage in your current auto insurance policy, your collision insurance will cover any damage caused by you while driving, such as hitting another car or other object. On the other hand, your comprehensive insurance will cover damages to the rental car when you are not driving, such as damage from theft, weather, or fire. 

Every insurance policy and insurance needs are unique, so it’s important to ask your insurance agent what your current automobile insurance will cover. For more information about when you should purchase supplemental insurance for a rental car, give us a call at Lifetime Investments today! 

Does Car Insurance Cover Vandalism?

When we buy car insurance, we know that we’re going to be covered on all the basics. If your car is stolen or you’re in an accident, you have protection. But what about vandalism? If someone spraypaints your car or a baseball goes through the window, but doesn’t actually steal anything, are you protected?

Short answer: Yes. Vandalism will be covered under comprehensive on any legitimate Mesa, AZ insurance plan.

But, it might not always be advisable to go through insurance to cover damages incurred through vandalism. In instances of minor vandalism, you may find that your comprehensive deductible is actually higher than what it would cost you to cover the damages yourself. Acrylic paint may be easy enough to buff out and paint over, and a cracked window may wind up being a cheap, quick repair.

Ultimately, insurance is there to cover the expenses that we cannot easily cover ourselves. It brings peace of mind to know that if your car is stolen, you won’t have to cash in your life savings to replace it on your own dime. But we don’t usually file a claim over a flat tire or a broken mirror because it’s easy enough to handle those damages on our own. The same goes for vandalism. Certainly, if the vandalism has resulted in significant damages, you’ll want to file a claim, but many drivers choose not to when the damages are simple. All the same, it’s good to know that the extra protection is there if you need it.

If you’re looking to get covered, get in touch with Lifetime Investments. We’ll help you to find a plan that works for you.

Is Your Teen Turning 16? Don’t Panic. Call Your Insurance Agent.

The statistics about teen drivers are frightening. As a responsible parent, before you allow your teen to drive alone, think about the statistics and perhaps not be in a hurry to stop driving them around yourself. Talk with your agent at Lifetime Investments, serving Mesa, AZ and the surrounding area, to get help and make sure there is adequate auto insurance coverage before you allow a teen to drive the family car.

DoSomething.org reports these teen-driving statistics:

  • A study from 2010 found that auto accidents caused one-third of all teenage deaths.
  • 40% of teenage deaths from auto accidents occur at night between 9 pm and 6 am.
  • The most likely drivers of all age groups to crash a vehicle are teenagers who are 16 years old.
  • 20% of 16-year-old drivers have an accident during their first year of driving.
  • More than half of teens admit to talking on a phone while driving.
  • Distracted driving, such as talking on the phone or sending text messages, doubles the chance of an accident and reduces a teen driver’s reaction time to slower than the average 70-year-old driver.
  • Teen death rates in auto accidents increase as more passengers are in a car driven by a 16 or 17-year-old driver.
  • Less than half of teens said they would speak up if the driver was driving in a dangerous way that scared them.
  • Parents teach 56% of teens how to drive. If parents are bad drivers, teens copy their bad habits.
  • Teens are more likely to wear seat belts if their parents are involved in teaching driving safety to them.
  • For every mile per hour over the speed limit, the crash risk for teen goes up exponentially.

Conclusion

It is a challenging time when teens first start driving. Limiting their driving, especially at night, may be wise and being involved with your teen to help them learn driver safety is a prudent strategy. Consider taking a defensive driving course along with your teen because everyone can improve their driving skills. Contact your agent at Lifetime Investments in Mesa, AZ to get help with any auto insurance needs by calling 480-720-3600.

How Does Auto Insurance Change When You Get Married?

Getting married is exciting because it is the beginning of sharing your life with another person. There are preparations for a wedding that must be made and a honeymoon to plan. Also, be sure to include an insurance review with your agent at Lifetime Investments serving Mesa, AZ and the surrounding area.

Auto Insurance for Married Couples

Your insurance agent will make a recommendation about how to adjust your auto insurance coverage so that you can share a vehicle with a significant other. Sometimes this is as easy as adding another authorized driver to an existing insurance policy.

Occasionally, there is a difference in insurance premiums depending on who is the primary driver of a vehicle and who is an authorized secondary driver. In other cases, it may be more beneficial to cancel one policy and take out a new one that covers both married people. Your agent will check these details and explain the options.

In general, there are benefits of being married because it is considered by many to be a moment in life when a person usually becomes more responsible and therefore may have less perceived risk. Your insurance agent will help you find a beneficial solution that provides adequate auto insurance.

It is probably a good idea to make the insurance adjustments prior to getting married because in the rush to get everything done in time for the wedding you may need to share a vehicle.

A Comprehensive Insurance Review

Contact your agent at Lifetime Investments in Mesa, AZ by calling 480-720-3600 or using the convenient online form to get a quote for auto insurance. While you are organizing your auto insurance, it would be a good idea to ask your agent to take a look at all the other insurance that you have. Adjustments to home insurance and life insurance may also be needed when getting married.

Insurance and financing your car

Whether you finance your car or pay cash does not make your car insurance go up or down, but you may end up paying a little more while financing your car. Lifetime Investments in Mesa, AZ is your source for all kinds of car insurance in the state and can answer your questions about various policies.

The insurance company does not care how you came into possession of your car, so that does not impact your rates. However, the lender may require more insurance than you were planning on getting. Basic liability insurance is required in Arizona. If you have a new car or one that has some value, you may want to have collision and comprehensive coverage to protect your property.   

If you have a loan on the car, the lender will require you to have that additional coverage and will want to be listed as the one that will receive payment if the car is destroyed. The lender wants to protect his or her investment, so they will get the payment first if your car is destroyed. The lender will also want it repaired if it is damaged, so that is another reason for that requirement.  There is no extra charge for adding a payee to the policy.  There is more paperwork involved when you have a loan.

After your car is paid off, and if it is not of high value, you might consider dropping comprehensive and collision coverage. Contact Lifetime Investments in Mesa, AZ for all your automotive insurance needs. Call them or visit them online to get prices on coverage. Lifetime Investments can help you make sure you have the right insurance to protect your property, whether you are paying cash or taking out a loan on your new car.