Should I Get Rental Car Insurance?: Smart Savings Guide

Should I Get Rental Car Insurance?

When you rent a car, you might ask this question. This post will help you decide.

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What is Rental Car Insurance?

Rental car insurance protects you while driving a rented vehicle. It can cover costs if you get into an accident.

Types of Rental Car Insurance

Let’s look at the different insurance types available for rental cars:

Insurance Type What It Does
Loss Damage Waiver (LDW)/Collision Damage Waiver (CDW) It means you’re not responsible for car damage or theft.
Liability Insurance It covers damage you cause to other cars or property.
Personal Accident Insurance It pays for medical costs if you or passengers get hurt.
Personal Effects Coverage It protects the stuff you have in the rented car.

Reasons to Consider Rental Car Insurance

If you’re in doubt, here are reasons you might want rental car insurance:

Reasons to consider rental car insurance
  • Peace of Mind: It helps you feel calm and safe.
  • No Big Costs: It helps avoid paying lots if there’s damage.
  • Fill Gaps: It covers what your personal insurance doesn’t.

Reasons You Might Not Need It

Sometimes, you don’t need extra insurance. Here’s why:

Reasons you might not need rental car insurance
  • Your Personal Car Insurance: It might already cover rentals.
  • Credit Card Benefits: Your card might offer rental insurance.
  • Short Trips: You may not want it for a quick drive.

Questions to Ask Before Deciding

Ask yourself these questions to make a good choice:

Questions to ask before deciding on rental car insurance
  1. What does my personal car insurance already cover?
  2. Do my credit card benefits include rental insurance?
  3. How much is the rental insurance and can I afford it?
  4. Am I comfortable paying out of pocket if something happens?
  5. What are the rental car company’s insurance policies?
Should I Get Rental Car Insurance?: Smart Savings Guide


How to Get Rental Car Insurance

If you decide you need it, here’s how to get rental car insurance:

1. From the Rental Company: You can buy it when you rent the car.

2. Through Your Personal Insurance: Call your agent to add coverage.

3. Via Your Credit Card: Use a card that offers this benefit.

Should I Get Rental Car Insurance?: Smart Savings Guide



Always read the fine print on any insurance policy. It’s important to know what you are getting.

Frequently Asked Questions On Should I Get Rental Car Insurance?: Smart Savings Guide

Is Rental Car Insurance Necessary?

Rental car insurance can provide valuable coverage in case of damage or theft. However, your personal auto insurance or credit card may offer similar protections, so it’s worth checking your existing policies before purchasing additional coverage.

What Does Rental Car Insurance Cover?

Rental car insurance typically includes collision damage, theft protection, and liability coverage. Some policies also offer personal accident and personal effects coverage.

How Much Does Rental Car Insurance Cost?

The cost of rental car insurance varies depending on the rental company, the level of coverage, and the rental period. Prices can range from $10 to $30 per day.

Can I Use My Own Car Insurance For Rentals?

Many personal auto insurance policies extend coverage to rental cars. Check with your insurer to confirm if your policy includes rental car coverage and the extent of that coverage.


Choosing to get rental car insurance is a personal decision. Think about the facts. Ask questions. Decide what makes you comfortable.

Having the insurance might mean spending more money now. But it can save you from big bills later. Be wise and choose what’s best for you!

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