Have you ever rented a car and wondered if you need to get the rental car insurance? You’re not alone. Many people are unsure if they need to purchase rental car insurance or if their regular car insurance will cover them.
Do I need rental car insurance?
You may not need rental car insurance if you have your own car insurance policy. If you have your own car insurance policy, check with your insurer to see if it provides coverage for rentals. Most car insurance policies provide some coverage for rental cars, but the amount of coverage may be limited. If you’re not sure, ask your agent or insurer.
Rental car companies typically offer several different types of insurance. The most common type of rental car insurance is collision damage waiver (CDW) coverage. This covers damage to the rental car if it’s involved in an accident.
You may be covered by your personal car insurance, your credit card, or both. If you have personal car insurance, check to see if it extends to rental cars. Some policies do and some don’t. If it doesn’t, you might be able to purchase a separate policy from the rental car company. Or, you might be able to get coverage from your credit card issuer. Check with your card issuer to see if it offers rental car insurance.
How can I save on rental car insurance?
There are a few ways that you can save on rental car insurance. One way is to see if your personal car insurance policy extends to rental cars. This is especially helpful if you have a comprehensive or collision policy. You may also be able to save on rental car insurance by using a credit card that provides coverage for rental cars. Another way to save on rental car insurance is to purchase a standalone policy from the rental car company.
What does my personal car insurance cover?
Your personal car insurance may cover you for liability while driving a rental car. In most cases, your personal car insurance will cover you for any damages that occur to the rental car. However, your personal car insurance may not cover you for personal belongings that are in the rental car. If you’re not sure whether or not your personal car insurance will cover you, it’s always best to check with your insurance provider.
When renting a car, you may not need to purchase rental car insurance if you have your own car insurance policy. To save on rental car insurance, check with your car insurance provider to see what coverage you have and ask about any discounts that may be available.