renter insurance rates
Car Rental Tip #3 – Rental Insurance
need fast help any good maths people out ther??
Real Ace Cars requires an online system to give estimates to customers of the cost of hiring their vehicles.
1. Vehicle types
Grup Model, MinAge, DayRate (£), WeekRate (£),MilegRate
1
Fiat Seicento, 21, 10, 50, 1
2
Vauxhall Corsa,21,17, 100, 1
3
Renault Megane, 21, 20,125, 2
4
Vauxhall Vectra,21,26,150,2
5
Opel Omega,25,31,200,3
6
Renault Espace,25,40,250,3
Min age is the minimum permitted age of the renter for that group of vehicle
Rental charges are calculated on a full week + day rate. eg 10 days is charged as 1 week + 3 days
2. Mileage Rate (£ per mile)
Rate Code,1000 or less, 1001 – 5000, 5001 or more
1 ,0.30 ,0.25 ,0.20
2 , 0.40, 0.30 ,0.20
3 , 0.45, 0.40, 0.30
3. Insurance Rates (Top up insurance)
Insurance cover is optional, the renter may decline to take this extra insurance
AgeRate per day
under 25, £1.50
25 or over, £1.00
4 VAT =17.5
how is the milage rate worked out???
how do i calculate the total price??
I am assuming you don’t understand the mileage rate part.
take for example Renault Meganne. Figures are 21,20,125,2
This means
Min age 21
Day Rate £20
Weekly Rate £125
Mileage Rate 2
Mileage rate 2 is 0.40, 0.30, 0.20
This means
0 to 1000 miles £0.40 (ie 40p) per mile
1001 to 5000 miles 30p per mile
more than 5001 miles 20p per mile.
So for total price
Pick car (in this case Meganne), for 1 week 5 days, 4000 miles covered, assuming you are under 25
1 Week £125
5 Days 5*£20=£100
4000 miles, 1000 miles @ 40p = £400, 3000 miles @ 30p = £300
Insurance (under 25) 9 days @ £1.50 = £13.50
So far total 125 +100 + 400 + 300 +13.5= £938.50
Vat @17.5% = 0.175 * 938.5 = £164.24
Total Rental = £1102.74 (To expensive try Hertz)
Hope this helps
How to Compare Renters Insurance to Get the Best Rate
Premiums for renters insurance can vary dramatically form one insurance company to another, so spending a few minutes shopping rates can save you a lot of money. Here’s how to compare renters insurance to get the best rate.
Understand the Coverages
Before you go shopping for rates you need to know what renters insurance covers so you can make an informed decision about what you need. Here’s what’s covered:
Your personal possessions – Your insurance company will pay to replace your personal possessions (furniture, appliances, electronics, clothing, etc.) when they’ve been damaged by vandalism, fire, plumbing leaks, lightning, frozen pipes, or acts of nature. Some policies limit the amount of coverage, so if you have expensive items like jewelry, antiques, or high-dollar TVs or computers, you may want to increase your coverage.
Personal liability – If someone hurts himself on your property and sues you, this coverage pays for court-awarded damages plus your court costs and legal fees. Standard coverage pays up to $100,000, but if you have a lot of assets you can purchase additional insurance.
Additional living expenses - When your home is damaged and you need temporary living quarters, renters insurance pays for your motel and restaurant bills. So if you have a $50,000 policy and 20% additional living expense coverage, your insurer will pay you up to $10,000 to live and eat elsewhere while your home is being repaired.
Shop Online
Shopping for renters insurance at an insurance comparison website is the best way to get the best rate. The advantages of shopping rates at a comparison site are:
1. You get quotes from a number of companies all on one website.
2. You only have to fill out one questionnaire to get your quotes.
3. Most of these sites only deal with A-rated companies.
4. The best comparison sites offer a chat service whereby you can talk with an insurance expert to get answers to all your questions. (See link below.)
Lower Your Rate
Once you decide which company has the best policy and the best rate, you can lower your rate even further by …
Increasing your deductible – Increasing your deductible – the amount you pay toward a claim before your insurer pays – can save you a lot of money on your premium. For example, raising your deductible from $250 to $1,000 can save you up to 25%.
Installing safety and security devices – Installing dead-bolt locks, window locks, smoke detectors, fire extinguishers, burglar alarms, and security lights can get you a substantial savings on your insurance.
Requesting discounts - Insurance companies offer discounts for seniors, for non-smokers, for having both your auto and homeowners insurance with them, and for a host of other reasons. Ask your insurer to give you all the discounts you qualify for.
Visit http://www.LowerRateQuotes.com/renters-insurance.html or click on the following link to compare renters insurance rates from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section.
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