When you pay for a rental car with your Chase Sapphire Preferred card, you are covered against collision damage and theft. Chase’s coverage will pay out as much as the cash value of the car you rent, depending on the situation, and coverage is completely free. You don’t even need to sign up. Just use your Sapphire card to pay for your rental and decline the rental agency’s supplemental insurance.
There are a few exceptions to coverage. The biggest have to do with the type of car you rent and how you drive it.
Chase Sapphire rental car insurance does not cover expensive or exotic cars, antique vehicles, large vans, trucks, vehicles with open beds, motorcycles/motorbikes/mopeds, limousines, or recreational vehicles (RVs). But the vast majority of cars are eligible.
Most of the situations that are excluded from coverage relate to things you shouldn’t be doing. Chase Sapphire rental car insurance will not cover damage resulting from intoxicated driving, driving off road or seizure by police. Personal belongings left in the car and breakdowns due to regular wear and tear aren’t covered either. And there are other exceptions detailed in your Sapphire card’s benefits guide.