If you’re planning on renting a car for an upcoming trip, you may be wondering if you need to purchase additional car insurance coverage. In this article, we’ll take a closer look at car insurance for rental cars and what you need to know to ensure that you’re fully covered while on the road.
Your Existing Car Insurance Policy
Before purchasing additional car insurance for a rental car, it’s important to check your existing car insurance policy. Many policies automatically provide coverage for rental cars, but it’s important to know what exactly is covered and what your deductible is. If your policy doesn’t provide sufficient coverage, you may need to purchase additional insurance from the rental car company.
Rental Car Company Coverage
Rental car companies typically offer additional insurance coverage options for their rental cars, such as collision damage waiver (CDW) and loss damage waiver (LDW) coverage. These options can provide additional coverage and reduce your financial liability in the event of an accident or theft. However, they can also be expensive, so it’s important to carefully consider your options.
Credit Card Coverage
Many credit cards offer rental car insurance coverage as a benefit, but the specifics of the coverage can vary widely. Some cards may only provide coverage for certain types of vehicles or rental periods, so it’s important to review the terms and conditions of your credit card coverage before relying on it.
When renting a car, there are several additional factors to consider that can impact your insurance coverage. For example, if you’re traveling internationally, your insurance coverage may not apply, and you may need to purchase additional insurance from the rental car company. Additionally, if you plan on driving the rental car for business purposes, you may need to purchase additional insurance coverage.