Do I Need To Purchase Rental Car Insurance?

Do I Need To Purchase Rental Car Insurance?

Ahhhhhh! That beautiful, beach sunset picture never gets old!

With spring just around the corner, you may be planning a vacation where a rental car will be needed.  Rental car companies offer insurance for an additional cost, but do you really need it?  It depends……. 

Consider the following points before you make a decision:

  • Does your current auto insurance policy cover rental cars?
  • Does your credit card offer auto rental collision damage waiver insurance?
  • When does it make sense to purchase insurance from the rental company?

In many cases your personal auto policy is likely to apply to your rental car.  The coverage for this can vary between companies and how you have your car insured. The best thing you can do is to be informed about your auto policy and how it applies to your rental car.  Know what you need before you arrive to pick up your rental car.  For additional information on this topic, you can read Bank of America’s “Better Money Habits” here. 

Jane Freeman is licensed in Property and Casualty Insurance at Peck and Wood Insurance.

Jane Freeman
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