How Much Is Enterprise Insurance Cost?
In general, Enterprise insurance prices range from USD 2.68 to USD 54.99 per day in the United States. However, the exact amount depends on the vehicle type, coverage, rental location, and other factors.
For instance, if you include the Supplemental Liability Protection and the Loss Damage Waiver in the Enterprise insurance, the cost will increase. To get accurate details, it is good to contact the local branch of the rental agency before booking a car.
What are the Enterprise Insurance Rates for Different Coverage Options?
The Enterprise insurance rates depend on the type of coverage the renters choose. The general cost starts from USD 4 and goes up to USD 55 (approximately) per day. More details of the same have been tabulated here:
Note: This rental agency also offers Roadside Assistance Protection (RAP) to cover expenses for fuel outages, lockouts, and lost keys.
How Much is Enterprise Insurance for Different Car Options?
Vehicle type is one of the factors that affect the Enterprise insurance rates. Big cars come with expensive insurance, while smaller cars have more affordable insurance options due to the level of risk and the cost of repairs/replacements. Look at the following to find out more:
Average Insurance Cost for Economy/Compact Cars
Hourly: USD 1.75
Daily: USD 14
Monthly: USD 105
With Membership: USD 14 per month
Average Daily Insurance Fees for Midsize/Standard Cars
Loss Damage Waiver: USD 18 to USD 25
Supplemental Liability Insurance: USD 10 to USD 14
Insurance for Additional Driver: USD 12 to USD 15
Estimated Cost of Enterprise Insurance for SUVs, Luxury Cars, and Vans/Minivans
Loss Damage Waiver: USD 10 to USD 20+
Supplemental Liability Insurance: USD 10 to USD 15+
Note: If Enterprise insurance is not taken, the first damage claim can cost you around USD 1,250 or more. Also, check the AAA membership and coverage for rental cars to save extra dollars.
What Affects the Enterprise Insurance Cost?
The Enterprise insurance cost per day, week, or month is largely determined by several factors, such as car type, coverage options, and more. One should know the following to know what can increase their insurance budget:
Claim History and Risk Profile of the Renter: Anyone with high-severity lawsuits or a history of multiple claims will need to pay higher premiums due to the associated risks.
Location: The insurance premium rates are affected by the local area and state. For instance, insurance for car rentals in Dallas, Texas, will cost you more due to Hurricane risks, litigation levels, and other legal requirements than in other states.
Coverage Amount: If you have opted for coverage that offers higher limits, such as full protection, the premiums will automatically go up. So, consider this point beforehand.
Vehicle Type: As mentioned earlier, the type of car you rent directly affects the cost of Enterprise insurance. For example, if you choose a small/economy car, insurance is more affordable than for SUVs and luxury cars.
Note: Always check whether you really need separate insurance coverage for rental cars, as some credit cards and existing personal auto policies may already provide the same coverage.
