When renting a car the last thing on your mind is probably having an accident. No one likes to think about unpleasant things, especially when on vacation. However, it is as likely you will be involved in an accident in a rental car as in a personal car. For this reason is necessary to think carefully about the need for rental car insurance. The first thing to consider is whether you are already covered by another policy you may own.
Auto Insurance
Many auto insurance policies apply to any car you rent as well as cars you own. Before renting a car contact your insurance agent and get details about what your policy does or does not cover. Remember though, if you make a claim against your personal auto policy you will usually have to pay a deductable. Also, anytime you make a claim on your auto policy there is always a chance your premium will be increased.
Credit Card Coverage
Typically, a credit card company will cover only damage to the vehicle and not necessarily personal injury or loss of personal property. However, not all credit card companies offer rental car insurance, and those that do vary on exactly what is offered. It is always best to contact your credit card company prior to making any travel plans to find out the details of any insurance they may provide.
Peace of Mind
Ultimately, it all comes down to peace of mind. Even if you have coverage through other means, the rental car insurance will usually be easier to implement. You pay the premium upfront, which is typically a few dollars, and then the company takes care of any damage to the vehicle. Some rental car insurance will also provide medical coverage, and coverage for personal property. Read over the options carefully before deciding which policy, or policies, to pay for. The price of rental car insurance is tiny compared to the cost of renting the car.
Rental car insurance is a good idea. By planning for the worst and hoping for the best you will be prepared for anything in between.