7 Easy Ways to Save Money on Car Rental
- Book in advance and compare prices across platforms – rates typically increase as your pickup date approaches
- Consider off-airport locations and check your existing insurance coverage to avoid unnecessary fees
- Be strategic with rental periods – weekly rates often cost less than daily rates, even for shorter rentals
Planning a road trip? Car rental costs can take a big bite out of your travel budget but they don't have to. Whether you're traveling for a weekend getaway or a longer adventure, these seven practical strategies will help you save money on your next car rental.
1. Book early and compare prices
One of the most effective ways to secure better rates is to book your rental car well in advance. Prices may rise as your pickup date approaches, especially during peak travel seasons. Compare prices between different rental car companies to find the best deals. Remember that rates can fluctuate daily, so it's worth checking a few times before making your reservation.
Pro tip: many rental companies offer free cancellation, so you can book early and continue to monitor prices. If you find a better deal later, simply cancel and rebook at the lower rate.
2. Choose your pickup location strategically
Airport rental locations often charge premium rates and additional fees. Consider picking up your car from a neighborhood location instead – the savings can be substantial, even after factoring in transportation costs to reach the rental office. However, if you're traveling to a remote area or arriving late at night, the convenience of an airport pickup might outweigh potential savings.
3. Skip unnecessary insurance coverage
Before accepting additional insurance at the rental counter, check which coverage you already have. Many credit cards provide rental car insurance when you use them to pay for the rental. Your personal auto insurance policy might also extend to rental cars. Contact your credit card company and insurance provider to understand your existing coverage.
Remember: while saving money is important, make sure you're adequately protected. If you're traveling internationally or your existing coverage has gaps, purchasing additional insurance might be worth the expense.
4. Join free loyalty programs
Most major rental companies offer free membership programs that can help save you money and time. Benefits often include:
- Skip-the-counter pickup
- Member-only discounts
- Free upgrades when available
- Points toward free rental days
Since these programs are free to join, consider signing up for several to maximize your options and compare member rates.
5. Watch for hidden fees
Read the fine print carefully to avoid unexpected charges. Common fees to watch for include:
- Additional driver charges
- Young driver fees
- Late return penalties
- Toll transponder charges
- GPS rental fees
Ask about all potential fees upfront and decline optional services you don't need. Some companies waive additional driver fees for spouses or business colleagues, so ask about available exceptions.
6. Be smart about fuel
Rental companies typically offer several fueling options but pre-paying for a full tank or returning the car without filling up usually costs more. For the best value:
- Decline the pre-paid fuel option (usually)
- Fill up the tank yourself before returning
- Keep your gas receipt as proof
- Use apps to find cheaper gas stations near the return location
Remember to take a photo of the fuel gauge when picking up and returning the car to document the fuel level and avoid disputes.
7. Maximize your rental period
Rental car pricing can vary significantly based on the length of your rental. Weekly rates are often cheaper per day than daily rates so even if you need the car for five days, a weekly rental might cost less. Similarly, extending your rental by a day might lower the overall daily rate.
Other timing tips:
- Weekend rates can be cheaper than weekday rates
- Renting for a full week might cost less than five or six days
- Return during business hours to avoid after-hours fees
Before finalizing your reservation, try adjusting your pickup and return times to find the most economical combination.
Plan ahead for success
Remember that car rental prices and policies vary by location, company, and season. Start your research early and consider all these factors together to find the best deal for your needs. Check travel websites like ours to compare options and find competitive rates.
By following these money-saving strategies, you can reduce your car rental costs without sacrificing the quality of your rental experience. This leaves more room in your budget for other travel experiences – and that's what making memories is all about.
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