Do I need to buy the rental company's insurance if I don't have my own car insurance?

I don't own a car currently, so I don't have car insurance. I know that my credit card has a collision damage waiver. Is this enough coverage or should I take out more?

“A collision damage waiver takes you off the hook for damage to the rental car. What it doesn’t cover is other people’s property damage and injuries in the event of an at-fault accident.
In this case, you should definitely consider buying any third-party liability insurance that the rental car company offers. This will protect you from paying out of pocket if you cause an accident.”
Eric Schad
Answered on Apr 23, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.

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