Do You Really Need Insurance for Your Rental Car?

Find out if you should buy insurance through the rental car company.Do You Really Need Insurance for Your Rental Car?

When you go to rent a car, the rental car company will likely ask if you would like to purchase insurance through them. While this additional coverage might seem like a smart idea, there’s a good chance that you do not actually need these coverages. This is because many people already have coverage through their existing auto policy. So, how do you decide whether you need rental car insurance? Read on to learn more about rental car insurance and find out what your personal auto policy already covers.

Rental Car Insurance

Rental car companies typically offer four different types of insurance options. They are:

  • Collision Damage Waiver – This type is insurance will ensure that the rental company will not hold you financially responsible if the car you have rented is damaged or stolen.
  • Supplemental Liability Protection – If you get into an accident, purchasing this type of insurance will ensure that you are covered for the damages and injuries you may have caused to another party.
  • Personal Accident Coverage – This type of coverage will cover your injuries or death, or the injuries or deaths of the passengers in your rental car.
  • Personal Effects Coverage – This type of coverage will reimburse you for any personal items that are stolen out of your rental car.

Coverage Through Your Existing Policy

It’s probable that your existing auto policy already offers some of the coverages that rental car companies have to offer. For instance, most standard auto policies have liability insurance that will extend to cover you even if you are operating a rental car. Some policies might even extend collision, comprehensive, and medical payments coverage to rentals. Keep in mind that coverage differs from policy to policy. This is why it’s important to contact your auto insurance provider and learn what you are covered for. If your existing policy is not offering you the coverage that you need, you should consider purchasing insurance through the car rental company.

Ultimately, whether or not you should buy insurance for your rental car depends on what your personal auto policy already covers.  Are you looking for the comprehensive auto insurance that you need?  Then don’t hesitate to contact us at Miller Carlisle Insurance Services.  We are ready to get you the coverage you need today.