Renting a Car? Here's What You Need to Know About Car Insurance

So, you're planning a road trip and you've decided to rent a car. Whether you're out of town for work or just taking a vacation, renting a car is a great way to have a vehicle for your travels. But before you hit the open road, you'll want to make sure you have the right car insurance coverage.

What Car Insurance Do I Need?

When it comes to car insurance for rental cars, there are two main types of coverage you'll want to consider: liability and collision coverage. Liability insurance will cover any third-party property damage or bodily injury caused by your rental car. Collision coverage will cover the cost of repairs or replacement of your rental car if it is damaged in an accident. Most rental car companies will offer both types of coverage, though you may be able to purchase additional coverage from your own car insurance provider.

Do I Need Rental Car Insurance?

In some cases, your personal car insurance policy may cover your rental car. It's important to check with your insurance provider to find out if this is the case. If it is, you may still want to purchase additional coverage from the rental car company in case of an accident. This is especially true if you're planning to travel out of state or abroad.

What Does Rental Car Insurance Cost?

The cost of rental car insurance will vary depending on the type of coverage you choose and which rental car company you go with. Generally speaking, you can expect to pay anywhere from $5 to $15 per day for liability insurance and up to $25 per day for collision coverage. Keep in mind that liability coverage usually comes with a deductible, so you'll want to factor that into your total cost.

When Should I Buy Rental Car Insurance?

It's best to purchase rental car insurance at the same time you book your rental car. That way, you'll be sure to have the coverage you need and can take advantage of any discounts the rental car company may offer. You can also purchase additional coverage from your own insurance provider if you're concerned about having enough coverage.

Renting a Car? Get the Right Insurance

Renting a car can be a great way to travel, but it's important to make sure you have the right car insurance coverage. Be sure to check with your own insurance provider to see if your policy covers rental cars and then purchase any additional coverage you may need from the rental car company. That way, you can hit the open road with peace of mind.