If any of the following scenarios apply the extra protection provided by rental insurance is worth considering.
Do you need to buy insurance for rental car. However other options for rental car insurance coverage may be more affordable or more comprehensive. Those fees are waived if you purchase the rental companys collision damage waiver which is not so much insurance as it is an agreement between renter and the company that says if. Even though numerous financial experts advise against purchasing a rental agencys insurance there is no simple answer.
A common question for drivers who are traveling is whether they need to purchase additional car insurance for their rental cars. Its possible to buy rental car insurance at the counter when renting a vehicle. Read this guide and feel safe declining it plus check out the best credit card rental car insurance in Canada.
Why you might not have to buy extra rental car insurance. Am I Covered Under My Personal Auto Insurance Policy. Often times people end up buying supplemental insurance protection that they really dont need said Odysseas Papadimitriou CEO of credit card.
Here are some things to consider before you purchase car rental insurance from the rental company youre renting from. Although car rental insurance policies can carry great coverage the truth of the matter is that you dont usually need additional car rental insurance. You may not have to purchase rental car insurance if you are traveling for business either.
Often no additional car insurance coverage is necessary because your rental car is already covered by either your credit card or current insurance coverage. If your personal vehicle is insured and you pay for your rental car with a credit card you generally dont need to buy extra insurance when renting a car in the United States or Canada. You could have varying degrees of rental car insurance coverage from your personal car insurance policy your travel credit card your cashback credit card and even your home or tenants insurance.
At the car rental counter when asked if they want insurance for their rental car many travelers say no Thats usually because the optional collision damage waiver can. Youll get covered but its not cheap. In most states that dont regulate price youre looking at 20 or more per day added to your bill.