Do I Need Rental Car Insurance?

Picture this, you are exhausted from your long flight, the kids are impatient, and ready to begin the family vacation, but you are stuck waiting for your turn at the rental car counter. The agent is handing you the paperwork, and explaining all of the risks, and consequences if you decide not to get rental car insurance. At this point you’re not sure whether or not you need it, you’re tired, and you decide to decline insurance to get on, and make it to your hotel. Once you make it back to your hotel, and are settled, you start to second-guess yourself, and wonder if you should have accepted their rental car insurance policy. Feeling overwhelmed, you begin to wish that someone had told you beforehand the ins and outs of rental car insurance. Mid Atlantic Insurance Inc. is here to help you avoid that stressful situation this summer, and give you a lesson in “Rental Car Insurance 101”.

Rental Car Insurance FAQ’s

  • How expensive is rental car insurance?
    • It varies by company, and coverage selected. It can range from $10-$30 a day for a loss damage waiver, and an additional $10 if you select supplemental liability. Adding on personal accident insurance can add another $5 to your bill as well.
  • Does your regular car insurance policy already cover you already?
    • Check in with your insurance agent before you head on vacation to see if your policy offers rental car insurance coverage, it could end up saving you some money.
  • If I purchased travel insurance, does it always include rental car insurance too?
    • When you purchase travel insurance, check to see if they offer plans that include rental car collision coverage. This ultimately can offer similar coverage to the rental car company’s loss damage waiver, and in some cases at a lower price.
  • When should I purchase or opt for rental car insurance?
    • Here are some scenarios where it would be best to have rental car insurance:
      • traveling for business purposes
      • peace of mind
      • driving a rental vehicle abroad
      • the car insurance you currently have is bare bones, or you don’t have car insurance at all

Hope this has helped ease your mind of rental car insurance questions, and please do not hesitate to reach out to Dave at Mid Atlantic Insurance Inc. to answer any questions or concerns regarding rental car insurance!

  • How expensive is rental car insurance?
    • It varies by company, and coverage selected. It can range from $10-$30 a day for a loss damage waiver, and an additional $10 if you select supplemental liability. Adding on personal accident insurance can add another $5 to your bill as well.
  • Does your regular car insurance policy already cover you already?
    • Check in with your insurance agent before you head on vacation to see if your policy offers rental car insurance coverage, it could end up saving you some money.
  • If I purchased travel insurance, does it always include rental car insurance too?
    • When you purchase travel insurance, check to see if they offer plans that include rental car collision coverage. This ultimately can offer similar coverage to the rental car company’s loss damage waiver, and in some cases at a lower price.
  • When should I purchase or opt for rental car insurance?
    • Here are some scenarios where it would be best to have rental car insurance:
      • traveling for business purposes
      • peace of mind
      • driving a rental vehicle abroad
      • the car insurance you currently have is bare bones, or you don’t have car insurance at all

Hope this has helped ease your mind of rental car insurance worries and please do not hesitate to reach out to Dave at Mid Atlantic Insurance Inc. to answer any questions or concerns regarding rental car insurance!