What rental car insurance should I get to protect myself from the worst-case scenario?
I'll be renting a car soon and I want to be sure I'll be covered for the worst-case scenario, i.e. a situation where I am at fault in a crash, wreck both vehicles, and injure the other driver. Which kind of rental car insurance should I get?
Insurance offered by rental car companies can be very expensive; why pay for it if you don’t have to? Before you rent a car, check your personal auto policy or call your carrier for advice. If you already carry comprehensive and collision coverage, then you’re in luck — your personal auto coverage will typically extend to your rental car. If you’ve elected to carry a liability-only policy, then it’s better to purchase physical damage coverage directly from the rental car company.
Now, here’s where things can get a little tricky. Rental car companies have a clause called “loss of use.” Let’s say you have an accident with your rental car and it takes a week for the rental car company to get it repaired. They’re losing out on a week’s worth of rental income from that vehicle, and in many states, they can charge you daily for their “loss of use” of that car. Loss of use may not be covered by your carrier, so it’s very important to check the rental contract and to consult with your insurer.
If your carrier doesn’t offer this coverage, you can buy it from the rental car company or you can check with your credit card company. Several credit card companies offer special deals and features you may not be aware of. Physical damage coverage for rental cars and towing packages are common benefits, and they’re worth looking into.
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Read advice from car experts at Jerry
Browse by topics
What others are asking
What can I do after a sudden car insurance rate increase in Florida?
My Florida auto insurance premium just increased significantly at my renewal. Why do rates keep going up here?
May 13, 2021
Where can I find cheap non owners car insurance in Texas?
My license was suspended in Texas. However, I can get it back in a year if I have an SR22, but I need a non owners car insurance policy to obtain it. Where can I find cheap insurance of this kind online?
May 04, 2021
Does home insurance cover your belongings inside your property?
I know insurance covers my home's physical structure, but what about the things inside?
Mar 01, 2021