Amex Premium Car Rental Protection is a paid flat-rate rental car insurance policy that provides Amex cardholders with up to $100,000 in coverage for stolen or damaged rental cars. It covers rentals of up to 42 consecutive days. The policy makes Amex a primary provider. In other words, policyholders can go to Amex first after a rental car gets damaged or stolen. That means they don’t have to rely on a personal auto insurance policy.
Amex Premium Car Rental Protection Info
Cost: Flat rate of $19.95 or $24.95 per rental period ($15.95/$17.95 for CA residents and $12.25/$15.25 for FL residents). The cost depends on if you pick the higher or lower coverage option. You don’t pay on a monthly basis. Rather, you get charged every time you rent a car. The cost remains the same no matter how many days you rent the car for, from 1 to 42.
Activation: Your enrolled card accounts will automatically be charged when used to pay for a rental vehicle.
Type of coverage: Primary coverage for theft or damage to the rental vehicle. You get worldwide coverage, except for vehicles rented in Australia, Ireland, Israel, Italy, Jamaica and New Zealand. Coverage is up to 42 consecutive days and extends to a large number of rental vehicles.
Coverage amounts: Up to $100,000 for damage or theft for the higher priced option (up to $75,000 for the lower option).
What is covered: Many rental vehicles, including luxury vehicles, SUVs and pickup trucks.
Who is covered: The enrolled cardholder, and any passengers, including authorized drivers, boarding, sitting, riding or alighting from the rental car. In addition to being covered for theft or damage of the rental vehicle, drivers and passengers get secondary medical coverage and accidental death or dismemberment coverage.
All Amex credit cards offer free rental car insurance. But that coverage is secondary and not as extensive. Cardholders have to file a claim with their auto insurer before asking Amex for any compensation. The other big difference between Premium coverage and regular insurance from a credit card is that Premium coverage also insures you for personal injury or death. And it also covers damaged personal property.
The American Express Platinum card car rental insurance covers cardholders for up to $75,000 in collision damage and theft for vehicles rented with the American Express Platinum card or American Express rewards points. To get the American Express Platinum card car rental insurance coverage, you must decline the rental agency’s supplemental insurance policy. To make a American Express Platinum card rental car insurance claim, call … read full answer(800) 338-1670 within 30 days of a covered incident.
There are a few exceptions you should be aware of, though. And there are more details about the process you’ll need to follow to actually get your money. You can find the key points below.
Here’s more info about the American Express Platinum card car rental insurance:
You’re covered up to $75,000 per claim for collision damage or theft.
You must pay for the entire rental with your American Express Platinum card or rewards points.
You must decline the rental agency’s insurance policy.
The following types of vehicles are not covered by American Express Platinum card rental car insurance:
Cargo vans, vans that carry 9+ people, box trucks, trucks that weight 10k+ lbs., modified vehicles (except for handicapped accessibility), antiques, limos, off-road vehicles, motorcycles/motorbikes/mopeds, RVs, golf carts, and a few others.
The following situations and types of damage are not covered by American Express Platinum card rental insurance:
Manufacturing defects, wear and tear, damage from illegal activities, accidents caused by driver’s intoxication, seizure by authorities, damage by war, and a few others.
To make an American Express Platinum card rental car insurance claim, call (800) 338-1670 within 30 days of the incident. If you’re abroad, collect at (303) 273-6497.
Amex will then mail you instructions for what to do next. You’ll have 60 days to return any proof they request, which may include damage estimates, police reports, etc.
The American Express Platinum card rental car insurance will reimburse you within 90 days of American Express receiving your proof of the incident. Before you rent a car with your American Express Platinum card, you should take some time to read through the benefits guide. It will give you the full information.
Complimentary Hotel Status: Cardholders can enroll in Hilton Honors and Marriott Bonvoy as Gold-level members free of charge. Members get complimentary room upgrades and more opportunities to earn free nights.
Global Entry or TSA PreCheck Credit: Credit for the Global Entry application fee or the TSA PreCheck application fee. Both services expedite airport screening.
Travel insurance: Includes several insurance benefits, such as trip delay insurance, trip cancellation/interruption insurance, lost/damaged baggage insurance, and rental car insurance.
Fine Hotels & Resorts: Extra benefits when you book certain accommodations, like free room upgrades, free daily breakfast for two people, free Wi-Fi, and unique amenities depending on the location.
Travel Spending Rewards: New cardholders get a welcome offer of 100,000 points for spending $6,000 in the first 6 months. You also earn extensive ongoing rewards, including 5 points / $1 spent on flights (up to $500,000 spent per year) or prepaid hotels booked through Amex Travel. Points do not expire as long as the account remains open.
Despite all of the American Express Platinum card travel benefits, its $695 annual fee might still be too much for you, if you don't travel or spend enough to offset its cost. There are some other good options, fortunately. One of the best is the Chase Sapphire Preferred® Card; you’ll earn 60,000 points when you spend $4,000 in the first 3 months, and the annual fee is just $95. And that's in addition to several other benefits and rewards that come with Chase Sapphire Preferred.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.