Citi credit card rental car insurance covers you for up to $50,000 when you pay for the entire rental with your Citi credit card. You must also decline the rental agency’s insurance to be eligible for the benefit, which covers accident damage and theft. The eligible cardholder listed on the rental car agreement is covered worldwide for a maximum rental of 31 consecutive days.
Just bear in mind that Citi’s rental insurance coverage is secondary. This means if you have a car insurance policy that covers theft and damage to rental cars, the Citi benefit will cover only the amount your primary policy does not.
Here is what Citi credit card rental car insurance covers:
Repair costs up to $50,000, or the cash value of the car, whichever is less.
Motor vehicle with at least four wheels designed to be driven on public roads.
Damage from an accident, natural disaster vandalism, or theft.
Reasonable towing expenses to the nearest collision repair facility.
What Citi credit card rental insurance does NOT cover:
Damage resulting from reckless driving or driving under the influence of drugs or alcohol.
Rental car used as a car for hire.
Personal injury, personal liability or damage to third-party personal property.
Damages to other cars or property.
Injury to any party.
To file a claim, call 1 (866) 918-4670 after your rental car is damaged or stolen. You will be advised as to what documents to provide to substantiate your claim. You can also visit citi.com/Costco to download a claim form. Return all requested documents within 180 days of the incident.
The Citi Costco Anywhere credit card and the Citi Costco Anywhere Business credit card are the only 2 Citi credit cards that still have rental car insurance. Citi dropped the benefit from its other cards.
You don’t need insurance to rent a car because rental companies must insure their rental cars as they own and register the vehicles, but they usually carry only minimum liability coverage. If you don’t have personal insurance, you’ll probably want some of the extra coverage rental companies offer at the time of sale. If your personal car is insured and you pay for your rental with a credit card, you can probably skip optional coverage at the rental counter.… read full answer
Before you buy the rental company’s insurance, you should consider what coverage you may already have through your personal car insurance. The coverage limits and deductibles you have on your personal vehicle typically still apply to rentals, as long as you’re renting for personal use. Many major credit cards also offer coverage for rental cars if you pay with your card and decline the collision damage waiver offered by the rental company.
Optional Coverage Offered by Rental Car Companies:
You don’t have to purchase all of these coverage types to be protected while driving your rental. But minimum liability insurance carried by the rental car company isn’t enough protection if you get into an accident.
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. 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.