Do I need to buy additional rental car insurance if it already comes with the state-minimum liability coverage?

My credit car company provides the collision coverage, so I can waive that charge on the rental contract. However, they want to charge an extra $20 per day for the liability coverage. The state minimums are included free of charge; why would I pay for more?

Answer
“If you have an active personal car insurance policy with higher limits, you won’t have to worry about adding the extra coverage from the rental car insurance. Your policy will extend these limits for you automatically if you are renting the car for personal use.
Even though you don’t own the rental car, you are fully responsible for any accident you may cause. If the damages from an accident exceed the state-minimum limits, you will have to pay out of pocket and with your future earnings for any excess liability the policy doesn’t cover.
If you don’t have an underlying auto policy, $20 per day may save a lot of money for you in the long run if something goes wrong. “
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Shannon Martin
Answered on Apr 29, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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