Tips: Car Rental Insurance

Tips: Car Rental Insurance

Ask your insurance agent or car insurance company if there are any situations in which your existing insurance policy would not cover a rental vehicle.

If your current insurance policy doesn’t offer coverage for a rental car, see if an insurance rider can be added for a small fee.

Ask your credit card company if it provides rental car coverage and, if so, what the limits are. Many credit cards include some level of collision and theft protection. In most cases, these benefits are secondary to your personal car insurance or the car rental company’s insurance, meaning the credit card company will only pay claims after other insurance coverage has been exhausted.

If you lack personal car insurance and your credit card does not provide benefits, then it might be wise to purchase the liability insurance and collision damage waiver at the car rental counter.

Keep in mind that if it is a longer-term rental, there might be limitations on the coverage your existing car insurance policy provides. Check with your auto insurance company or agent for details.

When traveling on business, a personal car policy will generally not apply, so check with your employer for guidance.

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