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Started By
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Rental cars - do you ever purchase the additional insurance package?
Posted on 7/18/16 at 9:49 am
Posted on 7/18/16 at 9:49 am
Out of curiosity, do any of you purchase the insurance package from rental car companies? Why or why not?
21
Posted on 7/18/16 at 9:50 am to Forkbeard3777
I really only rent cars if I'm traveling for work, so yes. I'd rather cover my arse and have work pay for the insurance. 
Posted on 7/18/16 at 9:50 am to Forkbeard3777
No because my policy covers rentals
Posted on 7/18/16 at 9:50 am to Forkbeard3777
like it depends upon why you're renting a car and the insurance you personally already carry. and sometimes CC will insure the comp/collision.
This post was edited on 7/18/16 at 9:52 am
Posted on 7/18/16 at 9:51 am to Forkbeard3777
No - many times your credit card includes some form of insurance as long as you booked with it.
Many auto policies also extend to rental vehicles.
Many auto policies also extend to rental vehicles.
Posted on 7/18/16 at 9:51 am to Forkbeard3777
quote:
No because my policy covers rentals
*nb4somejacklegthinksthismeanssomethingelse
Posted on 7/18/16 at 9:51 am to Forkbeard3777
No. It's a scam. I have insurance already.
Posted on 7/18/16 at 9:51 am to Forkbeard3777
Check your credit card policy. Many CC provide a certain level of rental insurance when you use your card.
Posted on 7/18/16 at 9:53 am to Forkbeard3777
No.
From an insurer:
There are generally 4 coverage options available when you rent a car.Loss-damage waiver (aka collision damage waiver)Typically waives financial responsibility if the rental car's damaged or stolen; also covers loss-of-use charges while the rental's in the shop, towing charges, and related fees
Costs roughly $9–$19 a day
Liability coverage.This state-required coverage protects you from potential lawsuits
Costs around $7–$14 a day
Personal accident insurance
Covers medical costs after an accident
Costs $1–$5 a day
Personal effects coverage
Insures what you keep in the rental car
Costs $1–4 a day
If you have reliable car insurance, renters/home insurance, and health insurance, you can save a good chunk of change by declining the other 3 coverages. Here's why:
When you buy car insurance, you're required to buy a state-mandated amount of liability coverage (except in New Hampshire, where it's optional), meaning you likely won't need to add it at the counter.
If you have health insurance, consider declining personal accident insurance if your health plan covers accident-related injuries. If you have personal injury protection and/or medical payments coverage on your car insurance policy, it would also offer the same protection if an accident occurs.
And finally, if you have renters or homeowners insurance with off-premises coverage, your things are already insured before you stash them in the rental car. So consider declining personal effects coverage as well.
From an insurer:
There are generally 4 coverage options available when you rent a car.Loss-damage waiver (aka collision damage waiver)Typically waives financial responsibility if the rental car's damaged or stolen; also covers loss-of-use charges while the rental's in the shop, towing charges, and related fees
Costs roughly $9–$19 a day
Liability coverage.This state-required coverage protects you from potential lawsuits
Costs around $7–$14 a day
Personal accident insurance
Covers medical costs after an accident
Costs $1–$5 a day
Personal effects coverage
Insures what you keep in the rental car
Costs $1–4 a day
If you have reliable car insurance, renters/home insurance, and health insurance, you can save a good chunk of change by declining the other 3 coverages. Here's why:
When you buy car insurance, you're required to buy a state-mandated amount of liability coverage (except in New Hampshire, where it's optional), meaning you likely won't need to add it at the counter.
If you have health insurance, consider declining personal accident insurance if your health plan covers accident-related injuries. If you have personal injury protection and/or medical payments coverage on your car insurance policy, it would also offer the same protection if an accident occurs.
And finally, if you have renters or homeowners insurance with off-premises coverage, your things are already insured before you stash them in the rental car. So consider declining personal effects coverage as well.
Posted on 7/18/16 at 9:54 am to AbitaFan08
If you are in the states, your normal car insurance covers all you need. If you want to buy it as a rider, it would be completely an add on. I'm not sure what would happen in an accident though, as in which insurance would pay first?
Most importantly though, just get a CC that covers rental car insurance. This is all I do even in other countries. I feel no need to buy a ton of insurance.
Most importantly though, just get a CC that covers rental car insurance. This is all I do even in other countries. I feel no need to buy a ton of insurance.
Posted on 7/18/16 at 9:55 am to Bmath
Amex Gold, Black, and Platinum all have coverages so there is zero need to pay inflated insurance fees from the rental car agencies.
Posted on 7/18/16 at 9:55 am to Bmath
Only place I recommend doing this is in Iceland. Amazing country but after driving on those roads for a week, your car takes a huge beating.
Iceland requires drivers to take the base insurance by law but your American Credit card/insurance company requires you to decline all insurance. We were okay dealing with the credit card company but a lot of people are not nearly as lucky.
Iceland requires drivers to take the base insurance by law but your American Credit card/insurance company requires you to decline all insurance. We were okay dealing with the credit card company but a lot of people are not nearly as lucky.
Posted on 7/18/16 at 9:57 am to Forkbeard3777
My Chase sapphire card covers that.
Posted on 7/18/16 at 9:58 am to Forkbeard3777
No, my policy and credit card covers rentals.
This post was edited on 7/18/16 at 9:58 am
Posted on 7/18/16 at 10:13 am to Forkbeard3777
If I am paying for it. No.
If work is paying for it. Yes.
If work is paying for it. Yes.
Posted on 7/18/16 at 10:15 am to TJG210
My deductible is like $2500, so yes, on a ski trip driving in the snow I'll pay a little extra and get the bumper to bumper to not have to worry about wether that scratch was there before.
Posted on 7/18/16 at 10:16 am to Forkbeard3777
I don't because my policy covers me.
Posted on 7/18/16 at 10:16 am to Forkbeard3777
Nope. Most major credit cards have rental c overage built in. Check your credit card agreement.
Posted on 7/18/16 at 10:17 am to Forkbeard3777
The one time I purchased it was when I had to get a rental car a few months after the lone auto accident I've ever been in.
I just didn't want anything else to count against me, even if my credit card may have covered it.
Wasn't cheap, either - I wanna say it was close to an extra $100, but it provided 7-figure coverage at least.
I just didn't want anything else to count against me, even if my credit card may have covered it.
Wasn't cheap, either - I wanna say it was close to an extra $100, but it provided 7-figure coverage at least.
Posted on 7/18/16 at 10:17 am to Forkbeard3777
Yes, you get in a wreck without it, you'll pay out of your rectum.
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