Drivers Rejoice! Skip The Deposit with This New Insurance Option

Drivers Rejoice! Skip The Deposit with This New Insurance Option

Dec 23, 2024
3 minutes

Finding good car insurance can be tough. FOX Rent A Car now lets drivers skip the deposit. This blog will show you how to get $30 a month car insurance with no down payment. Keep reading to learn more!

What is the No-Deposit Insurance Option?

The No-Deposit Insurance Option lets drivers get car insurance without paying upfront. This means you can start your coverage but pay later. It's different from usual where a deposit is needed first.

For example, with FOX Rent A Car, you might choose options like Loss Damage Waiver or Personal Accident Protection. These usual cost between $3.34 to $32.99 per day.

Enjoy the freedom of driving without the worry of upfront costs.

This option is great for those who prefer not to spend extra at the start. You simply pick your coverage and worry about payment afterwards, making it easier on your budget.

Benefits of Skipping the Deposit

Skipping the deposit means you keep more money in your pocket right away. Non-local renters usually pay a $150 deposit, while local ones might pay up to $500 or even $1,000 for premium cars.

This option cuts those costs at the start. You don't have to worry about waiting weeks for your money back. After returning the rental car, it normally takes 2 weeks to process refunds.

Then, add another 5-7 business days for the funds to show up in your account.

This no-deposit choice is quick and easy. It removes the stress of budgeting for a deposit when planning a trip or needing a temporary car. You can use that saved deposit money for other things right now rather than having it tied up.

Everyone loves getting their full refund without delays, but with no deposits needed upfront, there's nothing to wait on at all. This makes renting cars smoother and lets you enjoy your ride worry-free from start to finish.

How Does the New Insurance Option Work?

This new insurance option lets drivers start without paying a deposit. It makes it easier and faster to get on the road.

  • Drivers choose this option when signing up.
  • They provide a credit or debit card for payments. Cards like prepaid, commuter, Apple Pay, Google Pay, Venmo, Cash App, PayPal, and cash are not accepted.
  • The insurance coverage begins as soon as drivers complete their sign-up.
  • If a driver fails the DMV or background check, they get a refund.
  • A refund also happens if the rental appointment is canceled before pickup.
  • When drivers return the vehicle in its original condition, they do not owe extra fees.

Is This Option Right for You?

Now that you understand how the new insurance option works, let's see if it's suitable for you. Here are some key points to consider:

  • If you’re a Washington driver, keep in mind that extra deductions apply for Lyft rides in a rented vehicle and within Seattle city limits.
  • For drivers in Los Angeles, Chicago, and Philadelphia, bear in mind that resolving citations with the city is your responsibility.
  • Washington drivers should ensure their deductions don’t lower earnings below the state’s minimum compensation requirements.

Think about these factors when deciding if this option fits your situation.

Comparing Traditional Deposits vs. No-Deposit Insurance

To understand the value of no-deposit car insurance, let's compare it with traditional deposit methods.

Feature

Traditional Deposit

No-Deposit Insurance

Initial Cost

Requires a refundable rental deposit.

No upfront deposit required.

Refund Time

2-5 business days for deposit refund after vehicle return.

No waiting for deposit refund.

Rental Cost Calculation

Costs are prorated based on pickup/return day.

Same prorated cost structure, minus the deposit stress.

Rental Contract Duration

Maximum of 30 days, must renew after the 31st day.

Flexibility without the need for deposit renewal.

Late Returns

A late return fee of $50.00 per day.

Same late return fee applies, ensuring fairness.

Choosing between traditional deposits and no-deposit insurance depends on your need for flexibility and immediate financial relief. Moving on, let's explore the additional features of the no-deposit insurance option.

Additional Features of the Insurance Option

The insurance option includes a 24/7 vehicle return and after-hours drop-off, making it convenient for drivers. In addition, there's an optional toll payment plan called PlatePass All-Inclusive at $13.50 per day with a maximum charge for 15 days.

For non-PlatePass tolls, there is a $15.00 administrative fee per toll with a maximum of $90. Moreover, in case of disputes, mandatory arbitration is required, prohibiting jury trials and class actions.

How to Get Started:

If you're interested in exploring this deposit-free insurance option further, understanding how to get started is crucial.

How to Get Started

To get started with the no-deposit insurance option, follow these simple steps:

  1. Reach out to FOX Rent A Car at 323-593-7486 for inquiries.
  2. If you have payment inquiries, call 972-936-899 during Mon-Sat, 7 AM–9 PM CT.
  3. Make sure you meet the driver age requirements: minimum age is 19 years; government renters must be at least 18 years old.
  4. Keep in mind that renters under 25 will face a $20.00–$25.00 per day surcharge.
  5. Be aware of the maximum age limit, which is 80 years.

Once you have completed these steps, you are ready to enjoy the benefits of this new insurance option for your rental car needs.

Conclusion

Drivers, you now have the option to skip the deposit with a new insurance choice from FOX Rent A Car. This means no refundable rental deposit required for renting a vehicle - great news! Get started today and enjoy this hassle-free experience of hitting the road without worrying about upfront deposits.

Say goodbye to traditional deposits and hello to a more convenient way of getting behind the wheel.