Myth: If I rent a car and get in an accident, my auto insurance policy will cover the damage.
You should not assume that you’re covered by your insurance company to drive a rental car. If you’re involved in a car accident with a rental car, you may be liable for the damages. In order to be covered, you will likely need to purchase separate rental car coverage on your policy. In most cases it will cost you less to include rental car coverage on your insurance policy ahead of time than to purchase the daily coverage offered by the rental company when you get there. If you rent cars regularly, this option will save you a great deal of money in the long run.
Some credit cards offer rental car protection coverage – you may already be covered. However, it’s best to check and not assume. To find out if your credit card offers rental car coverage, click here. Also, make sure to shop around for car insurance quotes to find an insurance provider that will offer coverage for all your needs.
Sponsored by InsuranceHotline.com; a free online insurance rate comparison service that helps consumers save money on car insurance as well as home insurance, motorcycle insurance, life insurance and travel insurance.