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Is it true that automobile premiums are higher for a rented vehicle than a purchased vehicle?

April 26, 2017automobile premiums rented vehicle

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Is it true that automobile premiums are higher for a rented vehicle than a purchased vehicle?

1 Answer

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The auto insurance rates of several insurers take into account whether a vehicle is rented or purchased. It has been shown that insureds who rent thir vehicle submit more claims and that rented vehicles are stolen more often, particularly at the end of the lease period.