The JCPenney Credit Card does not offer a rental car insurance benefit. Even though the JCPenney Credit Card doesn’t have rental car insurance, this perk is one of the handful of credit card benefits that still come with many credit card offers. If you’d like a credit card with rental car insurance, there are plenty of options.
In general, credit card rental car insurance provides coverage against damage and theft of a rental vehicle, usually up to the vehicle’s actual cash value, when the rental is paid for entirely with an eligible credit card. To get coverage, the cardholder must decline the rental agency’s insurance plan.
Mastercard rental car insurance covers physical damage or theft of an eligible rental vehicle, as well as loss-of-use charges, towing costs and late drop-off charges. Typically, Mastercard car rental insurance covers up to $50,000 or the price of the vehicle. To be eligible for this coverage, charge the entire car rental bill to your covered Mastercard credit card when you make the reservation and reject the insurance offered by the rental agency. The rental must also be made in your name.… read full answer
Keep in mind that not all Mastercard credit cards have car rental insurance, and those that have it may not all provide the same coverage. Coverage and availability of secondary credit card benefits are up to the card issuer. It also depends on which tier of Mastercard you have – Standard, World, or World Elite. So, it’s important to review the benefits guide that came with your Mastercard for exact details.
There are some common exclusions to the Mastercard rental car coverage, too. Expensive, exotic, sport utility, or antique automobiles are generally not covered, and some card issuers, such as Citibank and Capital One, exclude trucks of any kind from coverage. Also, if your rental agreement is longer than 15 consecutive days, it’s usually not covered by Mastercard insurance – though some Mastercards cover rentals up to 30 days. Don’t forget that Mastercard car rental insurance is secondary insurance, either. That means it kicks in after your regular car insurance coverage and any other coverage you may have.
To submit a Mastercard car rental insurance claim, call the number in the benefits guide that came with your card within 30, 60, or 90 days of the incident, depending on your Mastercard’s terms. Then, within a certain number of days of the incident, you must submit all requested documentation, which may include a completed and signed claim form, the rental receipt, the credit card statement showing the rental charge, your car insurance declarations page, a police report (if applicable), an itemized repair estimate, and a copy of your driver’s license.
No, you do not need insurance to rent a car because rental companies have their own insurance. Rental car companies usually provide minimum liability coverage only, so if you don’t have personal insurance, you’ll probably want to purchase extra rental car insurance through the rental company. If your personal car is insured and you pay for your rental with a credit card, you can probably skip the optional coverage offered at the rental counter.… read full answer
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.
When You Don't Need The Rental Company's Insurance
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.
The best rental car insurance is a personal car insurance policy. People who already have car insurance for their personal vehicle are usually covered up to their normal policy limits when driving a rental car in the United States. If you don’t have a personal car insurance policy, you can purchase rental car insurance from a third-party provider either directly or through the rental car company. Keep in mind that purchasing the coverage directly is usually the cheaper option.… read full answer
Third-party rental car insurance providers are affordable, costing around $6 to $25 per day, depending on the type of coverage. In comparison, the insurance a rental car company will sell you at the counter can easily cost twice as much.
Best Third-Party Rental Car Insurance
Insure My Rental Car
Bonzah is the best third-party rental car insurance provider because it’s the only option that offers supplemental liability insurance. The other major providers protect you from the cost of rental car repairs, roadside assistance, trip interruption, and/or stolen personal items, but they lack liability coverage options.
Some credit cards also provide rental car insurance, though they usually only cover damage to the rental car itself rather than bodily injury or property damage liability. Most cards offer secondary coverage, too, meaning that you must file a claim with your own car insurance company first – if you have one – before filing a claim with the card.
How to Choose the Best Rental Car Insurance for You
The best overall choice for rental car insurance depends on preference and personal circumstances. Some drivers consider their primary insurance to be the best option, especially when paired with the right credit card, since there’s no extra cost. But drivers who need additional coverage or who don’t want to pay their normal insurance deductible can purchase third-party rental insurance. Finally, buying insurance at the rental car counter is the most expensive choice, but it does add convenience and peace of mind.
If you plan to use your standard insurance policy or your credit card as rental car insurance, just be sure to read the fine print or call your insurer to make sure you’ll be covered. Also, check that you’ll fulfill the state’s minimum requirements for car insurance to avoid driving without sufficient coverage.
In most states, rental car companies automatically include the mandatory minimum coverage in your contract. California is a key exception, however, since state laws allow companies to rent out cars without providing any insurance. Consequently, if you don’t have a standard car insurance policy and you rent a car in California without purchasing liability coverage from the rental car company or a third-party insurer, you will be driving illegally without insurance.
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