How much does a rental car actually cost? For many vacationers, it can be the most significant expense. Thankfully, we have strategies to help minimize those costs.
Chances are, you've experienced this before: planning your trip includes flights, hotels, and activities, then you remember transportation. Unfortunately, rental cars can often hit the wallet hard. Typically, expect to pay between $50 to $100 daily.
However, don't let car rentals drain your travel budget. Keep reading for practical tips to snag a low-cost rental for your next adventure.
Getting Started
To begin, experts recommend enrolling in car rental loyalty programs to save time and money. “You can bypass the lines and head straight to the kiosk for your vehicle upon arrival,” shares travel guru Emily Kaufman. “You’ll enjoy perks like free upgrades or extra days and receive exclusive offers via email.”
Also, conduct an online search across major rental company sites and popular travel platforms like Kayak and Priceline to explore rental car costs. Don't overlook Costco either. As travel expert Collette Stohler points out, “I love using Costco travel for car rentals, but you need a membership.”
Additionally, consider booking a refundable rate. “It allows you to keep an eye out for better deals until the cancellation deadline,” suggests Stohler.
Identify Discounts for Cheap Rentals
Are you a student, veteran, or government worker? These groups often qualify for rental car discounts. When reserving, especially through rental companies' direct sites, check for available discounts. Companies typically offer better rates for AAA and AARP members. “Check your wallet for any membership cards that provide benefits,” Kaufman advises. “This applies to hotels as well.”
Your airline loyalty program might also offer surprising discounts. “If you belong to an airline loyalty program, you can often access discounts and sometimes additional status,” Stohler adds.
Insurance: To Opt Out or Not?
You might consider skipping the rental company’s insurance to save money, but is it wise? It depends. “If your credit card or personal insurance covers rental cars, rejecting the collision damage waiver can significantly reduce your costs,” Stohler explains. “Regardless, ensure you have some form of insurance.”
Before leaving the lot, thoroughly inspect the vehicle. Report any scratches or damages to avoid extra charges. “Take photos or videos to document the car's condition for liability and proof,” Stohler advises.
Consider Turo for Affordable Rentals
Turo operates similarly to Airbnb, but for cars. Through the Turo website and app, individuals list their vehicles for rent. You arrange pick-up and drop-off directly with the owner. Kaufman notes that Turo can be an excellent choice in areas with limited rental options.
Often, Turo offers lower prices than traditional rental agencies. For instance, my family needed a van for a recent weekend trip. The rental company quoted $850, while Turo provided it for just $350. Plus, there’s no waiting in long lines; the van was ready in the parking lot upon our arrival.
Avoid Airport Rental Locations
One of the best money-saving strategies is to steer clear of airport rental locations. While convenient, you'll generally find lower rates at rental offices outside the airport. “Look for nearby options with shuttle services or a quick taxi ride…it could save you a lot, especially during peak travel seasons,” Stohler advises.
Manage Tolls and Gas Efficiently
If you’re headed to an area with many tolls, Kaufman recommends opting for the rental company’s prepaid toll option. “Otherwise, you might receive a surprise notification months later about a toll violation you didn’t even notice,” she cautions.
Most rental companies also offer a gas prepayment option. This can save you money and time, especially if you're rushing to the airport and need to stop for gas. Always remember, says Kaufman, if you skip gas prepayment, don't return the car empty. “Never bring back a vehicle on fumes, as their refill rates are often nearly double the local gas prices,” she warns.
