It ’ s so tempting to barely opt out of the coverage offered at the rental counter and hope for the best. But if the worst happens, I know I ’ vitamin d actually regret not buying the policy .
sometimes you need the policy, sometimes you don ’ thyroxine. I break down precisely when to get lease car indemnity below .
But let ’ s assume you need some. What are the best options ?
Reading: Best Rental Car Insurance
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The 4 Best Rental Car Insurance Companies
Buying rental car insurance at the counter can cost anywhere from $ 10 to $ 30 per day, so a stand-alone policy might be a cheaper option. here are a few to consider .
Bonzah provides up to $ 35,000 of coverage for collision, larceny, vandalism, or other wrong to a rental cable car with no deductible. It besides offers up to $ 1 million in auxiliary indebtedness indemnity .
other benefits include :
- Up to $500 for damage or theft of your baggage and personal items (including your passport or visa), subject to a maximum of $250 per item
- Optional roadside assistance if you’re traveling more than 100 miles away from home. Roadside assistance covers towing, battery services, flat tire assistance; fuel, oil, or water delivery service; lock-out assistance, and collision assistance.
To qualify for Bonzah coverage, you must be long time 21 or older and possess a valid driver ’ sulfur license .
Cost : Starts at $ 7.99 per day
Insure My Rental Car
Insure My Rental Car offers up to $ 100,000 of lease car coverage for damage or larceny with no deductible. You can choose between a daily policy that covers you on a per-trip footing, or an annual policy if you rent cars frequently. however, if you select a annual plan, no single car rental period can be more than 31 days .
When you complete a quote form on-line, Insure My rental Car may present early coverage options, such as wayside aid and personal effects coverage .
policy My Rental Car is presently not available to residents of Iowa, Massachusetts, New York, North Carolina, North Dakota, Rhode Island, South Carolina, Virginia, and Washington .
Cost : Starting at $ 6 per day for day by day coverage
sure provides up to $ 100,000 of coverage due to theft or damage coverage to a rental car. The coverage besides covers your personal effects in the car .
early benefits include :
- Flat tire coverage
- Coverage for the cost of draining and cleaning the fuel tank or accidental damage caused by driving with the wrong fuel
- Lost key reimbursement
- Towing charges
Cost : Starting at $ 7.99 per day
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Allianz ’ s Rental Car Damage Protector provides up to $ 40,000 of coverage for collision, larceny, or damage .
early benefits include :
- Up to $1,000 for loss, damage or theft of baggage and person effects
- Up to $1,000 of trip interruption coverage to reimburse you for the unused, non-refundable portion of your trip and increased transportation costs if you have to return home from your trip early
- 24-hour assistance for all kinds of travel emergencies, including locating local medical or legal assistance, arranging to send messages home, helped with miss flight connections, and lost or stolen travel documents
Cost: $ 9 per day ( $ 7 per day for Florida residents )
Do You Need to Buy Rental Car Insurance?
Before renting a car, there are two places you might want to check to see if your lease car is already covered .
Your car insurance policy
If you own a car, you ’ re required to have car indebtedness indemnity by state police. Liability insurance helps cover medical costs and property damage if you ’ re at fault in a crash. Some policies extend that coverage to when you ’ re driving a rental cable car .
But are your liability limits high adequate ? Each state of matter has its own minimum liability limits, which might not be adequate if you ’ re involved in a major accident. For exemplar, Arizona merely requires drivers to carry coverage of 15/30/10. In insurance-speak, this translates to bodily injury coverage of $ 30,000 for all people injured in an accident, subject to a restrict of $ 15,000 per individual, and $ 10,000 coverage for property damage. If you ’ re at blame in a fatal accident or one that involves a very expensive vehicle, that might not be adequate.
Read more: Best car insurance companies for 2022
Another component of car insurance policies is comprehensive examination and collision coverage. comprehensive coverage insures the cable car against non-driving relate damage, such as displace, larceny, or vandalism. Collision coverage pays for damage to your vehicle if you ’ re involved in a clang .
Some people – particularly those with old or cheap cars – don ’ triiodothyronine carry comprehensive and collision coverage. In that case, you ’ ra responsible for covering any price to your vehicle out of your own pocket .
Ask your indemnity agent or read through your car indemnity policy ’ second terms and conditions to see whether indebtedness, comprehensive examination, and collision coverage extends to a rental cable car. If it does, and your limits are adequate, you can decline the insurance coverage offered at the lease rejoinder and save some money .
Your credit card benefits
many of our favorite citation cards offer some lease car insurance as a fringe benefit, ampere farseeing as you pay for the rental with that wag .
rental car benefits vary by party and by card. For exercise, the Chase Sapphire Preferred card provides reimbursement for damage due to collision or larceny arsenic long as the lease period is 31 days or less. It doesn ’ t cover any bodily injury or property price, so you may be able to decline the lease car company ’ second collision policy. however, you ’ ll still need liability coverage. Call your credit batting order company or read through the steer to card benefits to find out what ’ s covered before you rent a car .
If you don ’ t have built-in rental car coverage, you can hush purchase stand-alone lease car policy coverage. By going with stand-alone coverage, you ’ ll save money compared to buying policy with the rental company .
How to Choose The Best Rental Car Insurance
The best lease cable car policy will depend on your site. If you ’ re checking out rental car insurance options, here are a few features or considerations to keep in mind .
coverage should be your top priority since an policy policy is only angstrom estimable as the peace of mind it offers .
ideally, your rental car indemnity policy will cover both liability and wrong to the lease cable car itself. many coverage options, including those available through most credit cards, alone top damage to the vehicle. They don ’ triiodothyronine breed injuries to another person or price to property early than the rental car .
besides, consider the limits. For example, Bonzah only covers up to $ 35,000 of damage to a rental car. That ’ randomness credibly enough if you ’ re renting a standard car. however, if you ’ re renting a sports car or a luxury vehicle, $ 35,000 may not be adequate to cover a major accident .
What else does the policy cover ? many rental car policy policies include other benefits, such as coverage for your personal effects and wayside aid. Others offer those features for an extra cost .
Those benefits may or may not be important to you. Say you ’ re on a clientele trip and carrying your laptop and other expensive equipment. It might be nice to know your indemnity caller will replace it if the lease car is stolen .
alike, if your trip involves a long road trip, you might want wayside aid coverage if the car breaks down in the middle of nowhere. If these coverages aren ’ t included, consider whether they ’ ra worth the extra cost of adding them on .
Of class, we have to think about the monetary value. The whole point of purchasing stand-alone lease car insurance is to avoid overpaying for coverage at the rental cable car counterpunch .
All of the options we listed above propose basic coverage at a monetary value far below the average cost of buying coverage directly from the rental car company. still, prices can change, and optional features can add up quickly .
Be indisputable to shop around for the best coverage at the best price and compare it to what you ’ five hundred give for the same coverage from the rental car company .
Ease of use
How comfortable is it to get coverage ?
Bonzah, Insure My Rental Car, and Allianz all offer blink of an eye quotes online and allow you to purchase the coverage on-line. however, certain asks for your diagnose, phone number, e-mail, and address before showing you a price. Personally, I prefer getting a quotation mark before handing over my contact information and potentially opening myself up to undesirable earphone calls and emails .
If you prefer a more personal touch over the appliance of booking on-line, that might factor into your decision .
Keep in mind, all stand-alone insurers require that you purchase coverage before taking self-control of a rental vehicle. Trying to buy coverage after picking up your rental car will invalidate the policy.
Should you get rental car insurance?
Don ’ metric ton make pressured into overpaying for policy at the lease car counter, or worse, worsen coverage and wind up responsible for covering damage to the vehicle out of your own pocket. Do you research ahead of time so you can confidently answer the question, “ Do you want to add on indemnity ? ” when you ’ ra stand at the airport antagonistic .
foremost, check your normal car insurance and credit cards to see if you have adequate coverage already .
If not, I ’ five hundred get one of the options above to save money during your future trip .