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Tue Jan 8, 2013, 08:09 AM

Question about credit cards that offer rental car insurance coverage......

We all know how confusing and expensive rental car companies make it for the consumer when insuring the car you're renting. The cost of fully insuring the vehicle usually exceeds the cost of the rental itself.

I have several credit cards that provide the benefit of paying for insurance on rental cars when one of those particular credit cards is used to pay for the rental.

My question is: Does this rental car insurance provided by the credit card company cover all three types of insurance that the rental car companies are always trying to get us to purchase? Or is there some catch?

8 replies, 862 views

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Arrow 8 replies Author Time Post
Reply Question about credit cards that offer rental car insurance coverage...... (Original post)
Gato Moteado Jan 2013 OP
JoeBlowToo Jan 2013 #1
Gato Moteado Jan 2013 #4
reformist2 Jan 2013 #2
Gato Moteado Jan 2013 #5
onehandle Jan 2013 #3
davsand Jan 2013 #6
Liberal In Texas Jan 2013 #7
Gato Moteado Jan 2013 #8

Response to Gato Moteado (Original post)

Tue Jan 8, 2013, 08:13 AM

1. If your credit card insurance does not immediately restore use of the car to the rental company....

 

they can make you pay for the time that they were not able to rent out the damaged car.

Here's further info--
http://www.safeauto.com/Blog/post/2011/11/19/The-10-Most-Common-Rental-Car-Insurance-Pitfalls.aspx

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Response to JoeBlowToo (Reply #1)

Tue Jan 8, 2013, 09:10 AM

4. good post......

the first item and the last item in the list are the ones that concern me....all the rest of them i have no problem with.

i'll call the credit card companies today to see what they have to say.

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Response to Gato Moteado (Original post)

Tue Jan 8, 2013, 08:16 AM

2. Typically it covers collision only, if it covers anything. But read or call beforehand to make sure.

It actually can be a good deal since collision coverage costs something like $15-20 a day with the rental agencies.

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Response to reformist2 (Reply #2)

Tue Jan 8, 2013, 09:17 AM

5. yes....one thing that really bothers me....

....is that when you try to get any info out of the people from the rental car company regarding rental insurance provided by a credit card, they all roll their eyes into the back of their heads and mumble something like "i dunno what the credit card insurance is covers, but if you take our coverage and you get in an accident, you just walk away with no liability. either accept our coverage or initial here, here and here if you want to decline our coverage".

you would think with an issue as important as automobile insurance on the cars they are renting to the public, they would have worked out all the details between themselves and the CC companies to make sure the consumer knows what the hell they need to do.

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Response to Gato Moteado (Original post)

Tue Jan 8, 2013, 08:28 AM

3. I've always use my Amex for car rentals. Most people say it's the best.

I've never experienced any catches or problems.

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Response to Gato Moteado (Original post)

Tue Jan 8, 2013, 09:58 AM

6. Check with your auto insurance agent before you rent a car.

My auto insurance covers me when I am driving a rental car. My agent told me that kind of coverage is not uncommon, and that a lot of drivers buy that rental car company insurance because they don't KNOW their regular insurance covers them.

I've had people tell me they don't want to have their regular insurance company involved if they have an accident in a rental car, but I have to say I'd much rather be dealing with my agent, and my insurance company if anything ever did happen...






Laura

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Response to davsand (Reply #6)

Tue Jan 8, 2013, 10:05 AM

7. Yes.

Almost all insurance transfers over when you rent a car.

I never but the rental companies "extra" coverage. It's just a waste of money since you're already paying an insurance company.

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Response to davsand (Reply #6)

Tue Jan 8, 2013, 07:53 PM

8. Yes, that's what I used to do also, but.........

now, i live in costa rica and don't own a car (so, i don't have an insurance policy), but i do need to rent cars in the US when i'm back there.

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