An estimated 6 million auto-related accidents occur every year, with the average repair time following accident lasting two weeks, according to the U.S. Bureau of Transportation Statistics. For this reason, it is important for auto insurance policyholders to consider adding rental reimbursement coverage to their policies. The coverage can cost from $20 to $60 every six months, with level of rental reimbursement set as a limit per day plus a maximum amount. With the cost of renting a compact car running about $48 per day, paying $20 every six months could be worth it. However, if you already have loaner car service from your auto dealership, you might not need the additional coverage.
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