Does My Auto Insurance Cover My Rental Car?

Whether you are on a small business trip or on a break, you might have heard the question that is normally asked by rental car companies; that's if you would like additional insurance for the rental car. You could say yes and buy it out of fear or change it down, believing that you're covered for rental car purchases. However, the stark reality is that unless you research your present auto insurance plan and see if you're covered, you won't truly know and may lose from some savings. It's always advisable, then, for you to call your insurance agent to have the important points about your policy.

Normally, you can find two cases in which you are included in car insurance for a rental car. Both of these ideas have their pros and cons.

Having an auto insurance policy. Some insurance companies extend their coverage to rental cars as well, provided that you are going for a leisure vacation, so make sure you question this to your insurance agent. But understand that whatever coverage gaps that you have in your policy will extend to your rental car, too. And if you are traveling for business, you need to have your employer buy the insurance, since your car insurance coverage will not apply.

Having auto insurance protection with a credit card company. Some charge card companies can offer you protection for automobiles which can be rented by their credit cards. While coverage varies by bank card company, the terms and conditions of your policy may differ from time-to-time. However, insurance protection usually only covers the physical damages of the automobile; it always does not cover personal injuries, liability, or theft of personal belongings.

Types of Additional Auto Insurance Coverage By Rental Services

If you know that having additional coverage fits your circumstances, then know that there are usually four common insurance options which can be given by most automobile rental companies:


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Collision Damage Waiver and Loss Damage Waiver (CDW and LDW). Pays out if you lost your rented car due to theft, or if it's vandalized or damaged from a collision.

Personal Accident Insurance (PAI). Pays out for your medical costs due to a car accident in your car rental.

Supplemental Liability Insurance (SLI). Gives you as much as $1 million in extended liability coverage.

Personal Effects Coverage (PEC). Pays out for almost any personal belongings of yours stolen from your vehicle rental.

Some Things To Keep In Mind With Auto Insurance

Here are some suggestions to keep in mind as you find out whether you intend to increase additional coverage to your vehicle rental:

Don't purchase the exact same coverage twice, when you yourself have an automobile insurance policy, if you don't have coverage gaps.

Speak to your auto insurance agent before deciding to buy additional auto insurance for your vehicle rental.
Ask the rental car company for a copy of their insurance policies.

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