Saving You Money For Life

Whether you choose to purchase insurance from the rental car provider or from your trusted agent is up to you. But don’t drive away without some type of coverage to protect you from liability.

Savvy shoppers know not to go to the grocery store without a list, otherwise you’ll end up buying things you don’t need and spending money when you don’t have to. The same is true when you rent a car to use for a few days while on vacation.

Drivers who have comprehensive and collision coverage on their personal policies can usually forgo collision damage waivers. If your auto insurance already offers liability protection, you can probably afford to skip the liability insurance, too. Personal accident insurance should be purchased separately only if you are not sufficiently covered by your auto or health insurance. And personal effects coverage is generally not required if you already have renters or homeowners insurance.

What if your current auto policy doesn’t provide rental car coverage? You can always request to add an insurance “rider” at a cheaper rate than purchasing coverage from the rental company. Also, many credit cards now offer secondary collision and theft protection, which kicks in after all other insurance has been exhausted.

Keep in mind, though, personal policies may not apply if you’re traveling on business, or if you rent for more than a week. A quick review of your coverage ahead of time can keep you from spending money on something you don’t need, or worse, refusing coverage for something you really do need.

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