It is important to realize that the same laws and regulations in your home country may not apply across the globe. If you are heading overseas for that long overdue vacation, make sure that you understand the difference in legislation between your home country and holiday destination. One important aspect in this regard is car insurance. Unlike in most developed nations, car insurance is not mandatory across the globe. The rental car that you may be driving in a foreign country may in fact be uninsured thereby opening up a host of legal implications for you.
Many travelers place their trust fully in their travel agent, car hire company and hotel concierge. But if you do not ask the relevant questions and do you own research ahead of time, you could walking a legal minefield when you drive abroad. Car insurance not only protects the vehicle owner, it also protects the driver. And if you are buzzing around in unknown territory in a your rental vehicle, you will need as much protection as possible as you may be at a higher risk of an accident than the local drivers.
Rental cars are not your property but the implications of a traffic accident while you are behind the wheel can lie solely on your shoulders. Car insurance should protect you against these eventualities but without insurance, you are open to litigation that could turn a pleasant holiday into a nightmare abroad. It is always important that you ask your rental company if their vehicles are insured. It is equally important to look at any additional cover that can protect you. While your main focus is the cost of vehicle damage, both to the car you are driving and any other cars involved in a traffic accident, you should also ask about public liability.
In the event that you knock a pedestrian, damage private property or injure the occupant of another vehicle in a car crash, you may be liable for the associated costs. This could easily run into large sums of money where permanent disability, death and extensive property damage is involved. Usually the liability in this regards would be paid by the public liability portion of your car insurance policy. But without insurance on your rental vehicle, it is you as the driver who is responsible irrespective of the fact that you are not a citizen of the country.
Most of us holiday on a budget these days. Given the tough economic times, we still want to experience the joys of a vacation abroad. But even if you are on a tight holiday budget, do not forsake essential car insurance cover on your rental vehicle that could financially cripple you or even cause you to see the inside of the local jail. Ensure that you top up with the best car insurance cover that you can afford. You may have to forsake some of the holiday luxuries but at least you can enjoy your vacation without fearing the consequences of an accident.
When consumers shop for a car, they don’t usually consider if the type of car they buy will affect their insurance rates. The type of car you buy actually plays a part in whether you pay a high or low premium. If you are looking to acquire a reasonably priced insurance policy with your new car, it is important to know what cars have the best rates.
The nonprofit public service organization, The Highway Loss Data Institute, (HLDI) is a group that assesses vehicles for the insurance industry to find out which cars are a high risk. By high risk, they mean cars that are most likely to be stolen, involved in an accident as the result of a collision, and have a high number of injury claims filed. When assessing the risk of theft, the organization will look at such as aspects as the number of doors a car has as well as the color of the car.
The HLDI has found that “four door cars have a 93% less chance of having a claim related to theft than 2-door cars of the same make and model.” As well, a report by the National Insurance Crime Bureau (NICB) found that “cars that have the least claims filed for theft include the Buick LeSabre, Volvo V70 Station Wagon, and the Mercury Grand Marquis.”
According to HLDI, the lowest injury claims filed are large vehicles such as large cars, pickup trucks, and sport utility vehicles (SUVs). Many car retailers report that the following cars are the least expensive to insure:
– Chrysler PT Cruiser 4dr Wagon
– Jeep Liberty Sport 4WD 4dr SUV
– Saturn L300 1 4dr Sedan
– Volvo S40 4dr Sedan
– Saab 38600 Linear 2.3t 4dr SportWagon
– Buick Century Special Edition 4dr Sedan
– GMC Safari SLE AWD 3dr Minivan
– Dodge Caravan SE 4dr Minivan
– Saturn ION 1 4dr Sedan
– Pontiac Sunfire 2dr Coupe
Vehicles that are among the least expensive for collision claims include:
– GMC Safari 4-wheel drive
– GMC Yukon XL 1500 4-wheel drive
– Ford Excursion 2-wheel drive
– GMC 2500
Vehicle Models with some of the least expensive injury claims include:
– GMC Sierra 2500 2-wheel and 4 wheel drives
– Chevrolet Silverado
– GMC Yukon XL 1500 4-wheel
– Chevy Tahoe 2-wheel
A few of the ‘ Top 2009 Safety Pick Cars’ as published by the Insurance Institute for Highway Safety include:
– Large Cars: Acura RL, Audi A6, Cadillac CTS, Ford Taurus, Hyundai Genesis
– 4-door models built after 11/08, Lincoln MKS, Mercury Sable, Toyota Avalon, Volvo S80
– Midsize Cars: Acura TL, Acura TSX, Audi A3, Audi A4, BMW 3 series 4-door models, Ford Fusion 2009-10 models with ESC (optional in 2009, standard in 2010)
– Honda Accord 4-door models, Lincoln MKZ 2010 models, Subaru Legacy, Volkswagen CC
– Small Cars: Honda Civic 4-door models (except Si) with optional ESC, Mitsubishi Lancer with optional ESC, Scion xB, – Subaru Impreza, Toyota Corolla with optional ESC, Volkswagen Rabbit 4-door models, Volkswagen Jetta, Volkswagen Passat
When determining insurance premiums, insurance companies will look at a car’s make, model, safety record, and rate of theft. Knowing these statistics will help you choose the best car with the best insurance rate.