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Does Your Auto Insurance Cover Rental Cars?

When renting a car, the rental company will typically ask if you'd like to purchase insurance coverage for the vehicle.  It's at this point when you have to ask yourself:  Do my personal insurance policies provide the coverage I need, or should I purchase insurance through the rental car company?

Although standard auto insurance policies may extend to rented vehicles, you should never assume you are protected.  Examining your own auto insurance policy will show you the types of coverage you already possess and where additional coverage may be needed.  Since auto policies differ, it's a good rule of thumb to contact your agent, at The Insurance House, to help you navigate your policy and determine if you have the appropriate amount of coverage when renting a vehicle.

Examining Your Insurance Policies

When deciding whether or not your personal insurance will cover your rental car, there are a few different coverages you should have.  If you answer yes to all of the following questions, you may not need to purchase additional coverage:

  • Do you have liability, collision or comprehensive car insurance? Liability, collision and comprehensive insurance are the three main coverage options available when purchasing car insurance.  Although it is not always required to purchase all three coverages, they can optimize your protection in the event of an accident.

                Liability insurance provides coverage if you damage or injure another person or their personal property.

                Collision insurance provides coverage if your vehicle is involved in a collision, either with another vehicle or object.

                Comprehensive insurance provides coverage if your car is damaged by a variety of exposures such as theft, vandalism or natural disasters.

  • Does your policy cover administrative fees, loss of use or towing charges?  It's always a good idea to check and see whether your insurance company pays for--or provides a rider for--additional fees associated with rental cars.  This coverage can be helpful if a car you rent is lost, stolen or damaged.
  • Do you have a renters or homeowners policy that will cover your belongings if lost or damaged?  Your homeowners or renters insurance policy covers your personal belongings from theft, fire or vandalism within your home.  Policies often include off-premises coverage that can extend your coverage to outside your residence.  Therefore, if personal belongings in your vehicle are stolen or damaged, your homeowners or renters insurance policy may be able to cover a percentage of your losses.  Not all insurance carriers will extend coverage to protect personal belongings within your vehicle--always check with your agent, at The Insurance House, to see what your renters or homeowners policy covers.

Ask About Your Policy

Deciding on your rental car coverage can be a tricky endeavor.  Before purchasing any extra coverage, talk to your insurance agent about your personal auto insurance policy and whether you may need to purchase any additional insurance.  No one wants to pay more for their auto insurance, and you shouldn't have too.

If you have questions or unsure if rental vehicles are covered under your policy, contact The Insurance House today. (618-997-1311)


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Posted 1:02 PM

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