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7 Deadly Sins of Buying Car Insurance - What if You Damage Another Vehicle When You're Renting a Car? PDF Print E-mail
Articles - Commercial Auto Insurance
Article Index
7 Deadly Sins of Buying Car Insurance
What are the Various Options for These Different Coverages?
What are You Using Your Vehicle for?
Do you need it?
What if You Damage Another Vehicle When You're Renting a Car?
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What if You Damage Another Vehicle When You're Renting a Car?

What about damage or injuries you cause to other vehicles and people while you're driving the rental car?
If your personal auto policy includes liability insurance (most states require some level of such coverage), your policy will pay for any damage or injuries you cause to other cars or people — up to the limits of the policy, of course.

* Note. If you are comfortable with the amount of liability coverage you have for your own cars, you don't need to buy additional liability insurance for vehicles you rent. If you don't have liability coverage — if you don't have a car, you're probably not going to carry auto insurance — you actually may not need to buy the rental car company's liability policy, either.

Most states require rental car companies to provide some liability coverage to you at no charge. The limit of the free liability coverage is equal to the state's minimum liability limits Is this enough? Probably not, and certainly not if you cause a serious accident. The minimum liability limit requirements are something like no more than $15,000 for injuries to any one person, no more than $30,000 for injuries to all persons, and no more than $5,000 for damage to the vehicle(s) you hit. That's not much at all.

* Tip. If you have any assets to protect, you should strongly consider purchasing the rental car company's liability coverage, which costs $7 to $15 a day depending on the state and level of coverage you choose. Higher liability limits mean higher daily costs.

If you have any concerns about whether you need to buy the coverages offered by rental car companies, you should talk to your auto insurance agent. The rental car coverages can double your daily rate. That's a lot to pay for something you don't need.

Be a smart consumer...but don't try to be your "own agent." Protection for you and your family requires constantly vigilance....and a partnership between you and your professional agent.

 
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