Renting a car can sometimes be both easy and confusing. Every rental company has there own set of rules so it is important to ask questions and also pay close attention to the lingo in the rental agreement.
Generally speaking though, when someone decides to rent and they are under the age of 25 there is usually a surcharge. Surcharge vary from company to company. Some companies might even do a DMV check to see what kind of driving record the renter has, specially for luxury brands such as BMW's, Benz, Ferrari, Lamborghini, Aston Martin, Maserati etc.
The reason for the surcharge is the National Highway Traffic Safety Administration says drivers who are younger than 25 are significantly more likely to get into accidents than older drivers. After age 25, the per-driver crash rate declines dramatically and continues to drop until the driver reaches 85
I know you might be saying, well, I have a clean driving record why should I have to pay more? Unfortunately for now that is reality. Look at it this way, people who live in high crime neighborhoods might have to pay more for insurance coverage because of demographics even though the insured has a clean driving record.
But, there is hope! Here is how you can save. If you have your own auto insurance, you may decline the rental company insurance. There is usually four different levels of optional protection you can purchase, CDW, SLP, PAI, and PEC.
In most cases when you have full coverage auto insurance or in some cases in certain states just liability insurance coverage provide sufficient coverage. It is important to verify with your insurance carrier your coverage and what it will and will not cover while renting a car or van or any type of rental vehicle.
So shop around! Do your research, read the rental agreement. Ask questions if you are unsure. Finally, if you have auto insurance, depending on the type of coverage you have can definitely save you money although you are under 25 years of age. Do not pay for something you already have.
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