Should You Get Rental Car Insurance?

You’re finally taking that long-awaited trip you’ve worked so hard for. You’ve made all the arrangements, including booking your rental car. You make it to the rental car counter only to be greeted by a salesperson who asks about rental car insurance. While you want to make sure you have the proper coverage so you can enjoy your vacation worry-free, you also don’t want to spend your money on coverage you either already have, or that you could have gotten for a much better rate through your travel insurance.

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You’re not alone in needing some extra help deciding whether or not to accept or decline rental car insurance, and we’re here to make the decision-making process a little bit easier.

Check Your Existing Auto Insurance

Usually, your existing car insurance covers damage to your insured car, as well as to a short-term car rental. However, this coverage is typically limited to accidents in the U.S. and maybe Canada, meaning it won’t cover any car rentals in South America, Europe, or anywhere else. If you plan on going out of the country, make sure to check your coverage prior to leaving for your trip.

If your auto insurance doesn’t protect you from rental car damage, then some comprehensive travel insurance plans allow you to add on rental car coverage. Generally, picking this coverage covers you for any damage or loss to the rented vehicle up to the stated limit on the plan.

Check Your Credit Card

Before heading out on your trip, check what coverage is offered through your credit card company. Many cards offer rental car insurance, including American Express, MasterCard, and Visa. However, the rental car needs to be booked on the credit card in order to take advantage of the rental car insurance coverage.

If your credit card does not offer any coverage, then rental car insurance is available through most travel insurance plans, often as an additional upgrade with $25,000 to $50,000 in rental car coverage.

Consider All Types of Coverage You Need

While rental car insurance protects the rental car itself, it does not cover any damage to another car, medical care for anyone who was hurt in an accident involving the rental car, and damage or loss to any personal property inside the vehicle at the time of the accident.

Luckily, travel medical coverage may offer reimbursements for any emergency medical care needed for anyone who is listed on the travel insurance plan. It’s also typically more affordable than other plans because it doesn’t offer the package plan ‘benefits’ that come with comprehensive travel insurance.

It’s important to note here that rental car insurance and travel medical coverage are separate policies and need to be purchased separately.

Contact Us

Do you need more advice on whether or not you should get rental car insurance? How about with help figuring out which travel insurance plan is right for you? We are happy to answer any and all questions you may have, all you have to do is contact us.

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