Why Get Insurance When Renting a Car

When borrowing a car, you should consider buying rental car insurance.  It will protect you against damages caused while driving the borrowed car. Find out why you should get car rental insurance and if you are interested, get quotes for free from top auto insurance companies in your area.

car-rental-insurance-banner-dpThe first policy you should get is Collision Damage Waiver. The waiver states that if something happens to the rental car, the rental car company will not make a claim against you. Keep in mind that there are some exceptions, including if you were driving under the influence at the time of the incident. Cost of this waiver varies by company, so it pays to shop around.

Also, you must get liability insurance for the rented car. This insurance type protects you from paying out of pocket expenses if you damage another person’s vehicle or property. The coverage is limited to a specified amount that also varies by rental company. Additionally, you can buy coverage to protect you against car theft or belongings stolen from the car.

If you own a car and you have a personal car insurance coverage, talk first with your insurer.  They may provide the same policies, even with some advantages, because you are a client.  Pay attention however, because some providers don’t cover the “loss of use” charges that appear on the collision damage waiver.  If the rental car is involved in an accident, the loss of use charge is the amount of money that the rental agency states they will lose while the car is being repaired. It is also important to note that if you are involved in an accident while driving a rental car, your personal insurance coverage premium will go up. This is why some renters choose to purchase the CDW.

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