Rental car insurance explained
By Jerry Brown, Bankrate
When you rent a car, a customer service rep may try to sell you rental car insurance. Rental insurance may protect you from having to pay if the rental is stolen or damaged. But in some circumstances, you may not need to purchase additional coverage. For example, if you already have full coverage car insurance, your policy may extend to the rental.
Bankrate’s insurance editorial team covers scenarios where you may need rental insurance and explains how some common types of rental car insurance work.
When do you need rental car insurance?
Figuring out if you need rental car insurance can be confusing. The type of coverage you carry on your personal auto policy, your contract terms and the reason you are renting a vehicle can all determine whether you should purchase extra rental car coverage.
In most cases, the coverage you carry on your auto policy will extend to a rental car as long as you rent a private passenger vehicle. In some scenarios, however, your personal auto policy can leave gaps in coverage that will cost you if you are in an accident in your rental car. Most insurance professionals advise exploring your options with your agent before driving off in a rental vehicle.