Rodney Bennett, WalletHub Analyst
@rodneyben
Capital One Platinum car rental insurance covers cardholders and eligible authorized drivers for qualifying damage, theft, loss of use charges and towing, up to $50,000 (for Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply). Coverage includes physical damages resulting from an accident or theft. Towing costs (to the nearest collision repair facility) and reasonable loss of use charges imposed by the rental agency (up to $500) during the vehicle’s out of service period are also covered.
Here is how Capital One Platinum car rental insurance works:
- Overview: Capital One Platinum car rental insurance covers cardholders and eligible authorize drivers for damage, theft, towing and loss of use charges. Rental cost must be charged to the Capital One Platinum and the rental period cannot exceed 15 consecutive days.
- Who is covered: Capital One Platinum cardholders and authorized drivers designated as such in the rental agreement. Cardholders must charge the rental costs to their Capital One Platinum and refuse the rental agency’s car rental insurance.
- What is covered: Physical damage and theft of eligible vehicles; reasonable loss of use charges imposed by the rental company for the period of time the rental vehicle is out of service (charges must be substantiated by a location and class specific utilization log); towing charges to the nearest collision repair facility. Coverage is worldwide, with the exception of the following countries: Republic of Ireland, Northern Ireland, Israel, Jamaica.
- What is not covered: Ineligible categories include vehicles exceeding an MSRP (Manufacturer Suggested Retail Price) of $50,000, motorcycles, trailers, trucks, pickups, vans mounted on truck chassis, cargo vans, off-road vehicles, other RVs, and more. Losses derived from theft, whereby the cardholder or authorized driver cannot produce the keys of the vehicle at the time of reporting the incident to the police/rental agency are not covered.
- How much is covered: Up to $50,000. In addition, coverage is limited to $500 per incident for reasonable loss of use charges imposed by the rental company during the time the vehicle is out of service.
- How to claim: Call your Benefit Administrator to request a claim form. You must report the claim within 60 days of the incident. Based on the information given to your Benefit Administrator, you’ll be sent the relevant claim forms that must be completed and returned within 180 days.
Aside from the Capital One Platinum, there are several other credit cards that offer rental car insurance. It's definitely a perk worth keeping in mind as it can help you save money.

Capital One Platinum Credit Card
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