The cost of renting an automobile can be quite high, even for homeowners.
In the past year alone, Landlord Insurance and Insurance Services Inc. has paid $3.9 million to renters who bought rental vehicles in the state.
While that represents just over 1% of the $9.5 million it has paid to renters in Texas since 2004, it is still a sizable amount for renters who typically pay $4,000 per month for their own vehicle.
The cost can often be a huge hurdle for renters, who often must negotiate a rental agreement that includes a lot of terms that may or may not be in their favor.
The average cost of a rental car in Texas is between $3,000 and $6,000.
That’s a lot for a newbie, who may not have any previous experience or know what they’re getting themselves into, according to Susan Linn, a property manager with LandlordInsurance.com, a rental insurance company in Austin.
Linn said renters often have to negotiate with insurance companies before they get a rental license.
She said it can be difficult to negotiate a lease for a rental vehicle.
“Some landlords will be very reluctant to give you a lease,” Linn told ABC News.
“It’s really hard to negotiate for that kind of a lease, especially if they know you’ve never been in a rental before, and if they’re really good at negotiating.”
A typical lease in Texas would include: Rent a car, with an agreed upon mileage rate.