January 2010 - Susman
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Today we focus on whether you really need car rental insurance

It’s a question we’ve all faced when renting a car: should you pay for rent-a-car insurance? Read the informative article from the Insurance Information Institute, entitled “Do I Need Separate Rental Car Insurance?” To find out, they suggest  you make two phone calls-one to your insurance agent or company representative and another to the credit card company you will be using to pay for the rental car.  As we often rent cars when vacationing, you should also take a look at the Car Rental Travel Tip Video, read about renting a car in Europe…and more.

Do I Need Separate Rental Car Insurance?

Properly insuring a rental car can be confusing, frustrating and downright daunting. Unfortunately, many consumers do not even think about car rental insurance until they get to the counter, which can result in costly mistakes-either wasting money by purchasing unnecessary coverage or having dangerous gaps in coverage.

Before renting a car, the I.I.I. suggests that you make two phone calls-one to your insurance agent or company representative and another to the credit card company you will be using to pay for the rental car.

  1. Insurance Company

Find out how much coverage you currently have on your own car. In most cases, whatever coverage and deductibles you have on your own car would apply when you rent a car, providing you are using the car for recreation and not for business.


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Should You Pay For Rent-a-Car Insurance?

Ever feel pressured to pay for insurance when you rent a car? Experts say you may already be covered by your existing insurance policy or major credit card. You might already be covered, experts say, so do your homework

Q: Does it make sense to purchase insurance when I rent a car, or am I already covered?

A: With so many options at the car rental counter, it may be tempting to buy whatever insurance protection is available to safeguard your trip. But many travelers don’t realize they’re more than likely duplicating coverage they already have. Not only does a driver’s insurance policy protect against theft or damages to a rental vehicle, but often so does a major credit card used to pay the rental fee.

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Car Rental Travel Tip Video

Should You Say Yes To Rental Car Insurance? It Depends

Frequent business traveler James Smith says he’s saved “tons of money” during the past 30 years declining car rental companies’ optional insurance coverage. But, he acknowledges, it could have come in handy at times.

Smith, an economist in Asheville, N.C., has paid $1,100 for damages to three rental cars in the past five years. Last year, a valet damaged his rental car in Maui, and his parked rental car was scraped in Buford, Ga. In 2002, he backed a car into a rock in Ireland.

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Quick Links

Europe for Visitors: Rental Car Insurance

Do you really need car rental insurance?