Rental Car Demand Goes Into Overdrive

_{East, West and in the Pacific: Allianz Partners Survey Looks Under the Hood for Top Rental Car Hotspots}

Richmond, VA, May 4 2021 — As vaccinations and eased travel restrictions give way to more travelers booking trips and hitting the highway, the demand for rental cars in the US is riding high. Travel insurance provider
Allianz Partners USA reviewed* 236,000 rental car reservations made by Americans traveling between Memorial Day and Labor Day and reserving cars through partners that offer Allianz Rental Car Damage Protector. The company found that the top rental car locations this summer are Orlando, Florida (#1), Denver, Colorado (#2), Las Vegas, Nevada (#3) and Honolulu and Maui in Hawaii (#4 and #5).

With travel starting to spring back to life, rental car companies are working hard to meet customer demand. The fast-recovering travel industry, encouraged by the most recent revision of CDC guidelines for domestic travel, is seeing a surge in demand for rental vehicles by travelers looking to hit the road this summer.

“Increased demand has led to significant price increases for car rentals at popular summer destinations,” said Daniel Durazo, Director of Marketing and Communications at Allianz Partners USA. “One way to save money on your car rental is to shop for and purchase your rental car insurance in advance. Look for a product with primary coverage, no deductible and around the clock travel assistance.”

As an alternative to the typically higher priced insurance products that are offered at rental car counters, Allianz Partners offers its Rental Car Damage Protector directly to consumers. With up to $75,000 in theft and physical damage coverage for just $11 per calendar day, the product provides primary coverage, includes no deductible and can be purchased for domestic or overseas rentals. Backed by Allianz’s award-winning customer service and 24/7 travel assistance, Rental Car Damage Protector** plans also include $250 in Trip Interruption coverage, which can be used to reimburse travelers for the unused portion of their pre-paid expenses or for extra unexpected transportation expenses when insured customers have to cut their trip short due to a reason covered by their policy, and $400 in baggage loss or damage coverage.

Allianz Partners Top 10 Destinations for Summer 2021 Car Rentals

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Rank	City/Airport Code	State
1	Orlando (MCO)	Florida
2	Denver (DEN)	Colorado
3	Las Vegas (LAS)	Nevada
4	Honolulu (HNL)	Hawaii
5	Kahului/Maui (OGG)	Hawaii
6	Anchorage (ANC)	Alaska
7	Miami (MIA)	Florida
8	Los Angeles (LAX)	California
9	Seattle (SEA)	Washington
10	Phoenix (PHX)	Arizona

Methodology: The data of U.S. travelers’ 2021 summer car rentals was gathered by analyzing 236,000 reservations made through the online booking process of car rental insurance paths for partners offering Allianz Global Assistance to generate rental car bookings data from US airports during the summer season, defined as Memorial Day through Labor Day (5/28/21 to 9/7/2021).

About Allianz Partners

Allianz Partners (AGA Service Company) is a leading consumer specialty insurance and assistance company with operation centers in 35 countries. In the United States, the company offers Allianz Travel-branded travel protection plans and serves over 45 million customers annually. In addition to travel insurance, the company offers tuition insurance, event ticket protection, registration protection for endurance events and unique travel assistance services such as international medical assistance and concierge services. The company also serves as an outsource provider for in-bound call center services and claims administration for property and casualty insurers and credit card companies.

* Terms, conditions, and exclusions apply to all plans. Plans are available only to U.S. residents. Not all plans are available in all jurisdictions. Benefits and limits vary by plan. For a complete description of the coverage and benefit limits offered under your specific plan, carefully review your plan’s Letter of Confirmation/Declarations and Certificate of Insurance/Policy. Insurance coverage is underwritten by BCS Insurance Company (OH, Administrative Office: Oakbrook Terrace, IL), rated "A‐" (Excellent) by A.M. Best Co., under BCS Form No. 52.201 series or 52.401 series, or Jefferson Insurance Company (NY, Administrative Office: Richmond, VA), rated "A+" (Superior) by A.M. Best Co., under Jefferson Form No. 101‐C series or 101‐P series, depending on state of residence. AGA Service Company d/b/a Allianz Global Assistance is the licensed producer and administrator of Allianz Travel-branded travel protection plans in the U.S. and an affiliate of Jefferson Insurance Company. Allianz Global Assistance, TravelSmart, and AgentSmart are marks of AGA Service Company or its affiliates. The insured shall not receive any special benefit or advantage due to the affiliation between Allianz Global Assistance and Jefferson Insurance Company. Plans include insurance and assistance services. Noninsurance benefits/products are provided and serviced by Allianz Global Assistance. SmartBenefits proactive payments and “no receipts” payments available only on certain plans. For plans that include proactive payments: when you opt in and provide flight information, Allianz Global Assistance will monitor flights and send flight status and benefit alerts, including alerts about flight delays that qualify for automated travel delay payments. Standard message/data rates apply to SMS alerts. Automated claims and payment system availability is not guaranteed and is subject to our sole discretion. All claims subject to policy terms, conditions, and exclusions.

PLANS DO NOT PROVIDE BODILY INJURY OR PROPERTY DAMAGE LIABILITY INSURANCE, OR ANY OTHER COVERAGE FOR WHICH A SPECIFIC PREMIUM CHARGE IS NOT MADE, AND DO NOT COMPLY WITH ANY STATE FINANCIAL RESPONSIBILITY LAW.