Am I Covered Under My Personal Auto Insurance Policy.

Do you need to buy insurance for rental car. 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. In most states that dont regulate price youre looking at 20 or more per day added to your bill.

Often no additional car insurance coverage is necessary because your rental car is already covered by either your credit card or current insurance coverage. You may not have to purchase rental car insurance if you are traveling for business either. Rental Vehicle coverage gives you and your rented vehicle great protection at a very affordable rate.

Thats because liability coverage for all drivers is required by law in most states. However other options for rental car insurance coverage may be more affordable or more comprehensive. However if you need extra coverage for your rental car for a lower price you can purchase additional coverage by adding an annual endorsement to your existing insurance policy.

Youll get covered but its not cheap. If any of the following scenarios apply the extra protection provided by rental insurance is worth considering. If you need to buy coverage your first option is to buy collision damage coverage at the rental counter.

If you dont have a vehicle you can get it from the rental. A common question for drivers who are traveling is whether they need to purchase additional car insurance for their rental cars. Read this guide and feel safe declining it plus check out the best credit card rental car insurance in 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. Many rental vehicle companies offer insurance to their customers but its often much more expensive than what we offer and it may not cover as much. Even though numerous financial experts advise against purchasing a rental agencys insurance there is no simple answer.