Costco Credit Card Rental Car Insurance – What You Need to Know

What is Costco Credit Card Rental Car Insurance?

If you are an avid traveler and you often rent cars, you might have heard of Costco Credit Card Rental Car Insurance. It is a type of auto insurance that is provided by Costco and is offered to Costco members who use a Costco approved credit card to rent a car. This type of insurance provides a layer of protection for those who rent cars and can be a great way to save money on rental car insurance.

Costco Credit Card Rental Car Insurance is a form of supplemental insurance that is offered by Costco. The coverage is available to Costco members who use a Costco approved credit card to rent a car. It provides coverage for physical damage and loss of use to the rental car due to an accident or theft. It also provides coverage for liability and medical expenses for the driver and passengers of the rental car. The coverage is secondary to any other insurance policy the driver may have and is not intended to replace any existing auto insurance coverage.

What Does Costco Credit Card Rental Car Insurance Cover?

Costco Credit Card Rental Car Insurance covers physical damage and loss of use to the rental car due to an accident or theft. It also provides coverage for liability and medical expenses for the driver and passengers of the rental car. Coverage is secondary to any other insurance policy the driver may have and is not intended to replace any existing auto insurance coverage.

Costco Credit Card Rental Car Insurance does not cover any damage caused by driver negligence, such as driving under the influence, or damage caused by weather or road conditions. It also does not cover any damage caused by wear and tear or mechanical failure. Additionally, it does not cover any items stolen from the rental car.

How Much Does Costco Credit Card Rental Car Insurance Cost?

The cost of Costco Credit Card Rental Car Insurance depends on the type of coverage you select. The basic coverage includes physical damage and loss of use due to an accident or theft, as well as liability and medical coverage for the driver and passengers of the rental car. This type of coverage is generally very affordable and can range from $3 to $5 per day. Other types of coverage, such as collision and comprehensive, can range from $7 to $10 per day.

Do I Need to Purchase Costco Credit Card Rental Car Insurance?

Whether or not you need to purchase Costco Credit Card Rental Car Insurance depends on your personal situation. If you already have a personal auto insurance policy, you may want to check with your insurance provider to see if your policy covers rental cars. If it does, you may not need to purchase additional coverage. If your personal policy does not cover rental cars, you may want to consider purchasing Costco Credit Card Rental Car Insurance.

Costco Credit Card Rental Car Insurance can be a great way to provide additional protection for your rental car. It is important to remember that this type of coverage is secondary to your personal auto insurance policy and is not intended to replace any existing coverage. It is also important to understand what is and is not covered by the policy before you purchase it.