Do I Need Automobile Rental Insurance When I Rent a Car?

Nevada Insurance Enrollment Explains How To Use Rental Coverage On Your Auto Policy
Do I Need Automobile Rental Insurance When...
Do I Need Automobile Rental Insurance When...
LAS VEGAS - Nov. 15, 2020 - PRLog -- Driving a vehicle that you're unfamiliar with in a place that you're unfamiliar with can feel like a gamble, so it's no wonder that so many drivers opt to purchase additional rental car coverage at the rental counter. However, in many cases, this type of auto insurance coverage is redundant, and you can save your money by skipping it.

Types of Auto Insurance Coverage Options

When you're renting a car, you'll generally be offered four different types of auto insurance coverage. These include:

• Collision damage waiver, which ensures that you won't be held financially responsible if the rental car is stolen or damaged
• Liability coverage, which will help to cover any injuries or property damage sustained by the other driver if you are at fault for an accident
• Personal accident insurance, which would help pay for medical bills if you're injured in an accident
• Personal effects coverage, which would help you replace personal items that are stolen from your rental

Why Additional Rental Coverage May Be Redundant

Most drivers who have an auto insurance policy with collision and comprehensive coverage, decent health insurance, and homeowners or renters insurance can save their money by foregoing additional rental coverage.

In most cases, as long as you are using the rental car strictly for personal use, your auto insurance policy will cover the rental if you are the at-fault driver in a collision. Your health insurance would cover your medical bills if you were injured in an accident, and if your belongings are stolen from a rental car, your homeowners or renters insurance would cover you (assuming you have off-premises coverage).

On top of all that, if you're using a major credit card to pay for your rental, then purchasing rental coverage at the counter may be redundant. Many credit card companies offer rental car coverage as a perk, so before paying for rental coverage at the counter, make a quick call to the number on the back of your card and ask if this is a benefit you have as a cardholder.

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Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554

Nevada Insurance Enrollment
Shelly Rogers
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Tags:Auto Insurance
Location:Las Vegas - Nevada - United States
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