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Rental Car Insurance: To Buy Or Not To Buy?

When you’re finalizing the details of your rental car purchase, you will be asked by the representative about what kind of coverage you want added to your rental. It’s a spur of the moment of decision that, if uninformed, could leave you paying for unnecessary coverage or rejecting coverage altogether leaving yourself vulnerable for considerable damage and loss. Rental car insurance can be incredibly useful but it can also be avoidable.

Before starting the rental car insurance process you should:

  • Talk to your car insurance agent – In some rare cases you may be minimally covered for your rental car insurance with your current car insurance policy. Inform your agent about your plans for renting a car and inquire about any coverage or discounts you may need to know about.
  • Contact your credit card company – If you are using a gold or platinum credit card for your rental car purchase then contact your credit card company. Some prestigious cards and companies will offer rental car insurance benefits by using that particular card.

However, if you come up empty on both of those fronts then don’t worry. Rental car insurance can be purchased for incredibly low rates and comes with a number of different options regarding coverage. Here is a rundown of those options with a range of typical rental car insurance rates associated with them, according to MSNBC:

  • Vehicle protection/loss damage – Up to $19 per day
  • Liability coverage - $7 to $14 per day
  • Personal accident coverage - $1 to $5 per day
  • Personal effects coverage - $1 to $4 per day

Your car rental company might offer extra rental car insurance options but those are the basics. You will want to talk to your car insurance agent about what type(s) of coverage your specific trip warrants. It will be good to go in with an unbiased opinion from a licensed professional so you don’t overpay for unnecessary coverage or neglect to purchase important rental car insurance coverage.

Tom Lustina

For more information, read Rental Car Insurance. Visit InsuranceAgents.com for expert articles and car insurance quotes from up to five local insurance agents.

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