Should You Invest in Rental Car Insurance?, insurance for your rental car

Should You Invest in Rental Car Insurance?

Getting insurance for your rental car seems like a good idea, but do you really need it?

When you go to rent a car, the car rental company will likely ask you if you would like to purchase rental car insurance. While getting this coverage seems like a smart idea, you might not actually need it. To help you determine whether or not you need insurance for your rental car, you should understand what this insurance is and know what your personal auto policy already covers. Here’s what you need to know.

Rental Car Insurance

Generally, car rental companies will offer four types of insurance:

  • Collision Damage Waiver – This type of insurance will ensure that you are not held financially responsible if your rental is damaged or stolen.
  • Supplemental Liability Protection – If you get into an accident, this type of insurance will cover you for any damages or injuries you may have caused to another party.
  • Personal Accident Coverage – If you get into an accident, this type of insurance will cover the injuries or fatalities of anyone in the rental car, including the driver.
  • Personal Effects Coverage – This type of insurance will cover the personal items in your rental car. If they are stolen or damaged, you will receive reimbursement.

What Your Auto Policy Already Covers

It’s likely that your existing auto policy already offers some of the coverages offered by rental car insurance. For instance, most standard auto policies offer liability coverage that will be valid even if you are driving a rental car. Some policies might even offer collision, comprehensive, and medical payments coverage for rentals. However, auto policies are different for every driver, so it’s important that you understand how your coverage applies to rentals. If your policy does not offer all of the rental coverages that you need, you should consider buying insurance through the car rental company.

Ultimately, whether or not you need insurance for your rental car depends on what your personal auto policy covers.  Do you need help finding comprehensive auto insurance to fit your needs?  Then contact the team at Tri-Star Insurance/HUB International in Plano, Texas.  Our professionals are ready to get you the coverage that you need today.