USAA credit card rental car insurance covers physical damage and theft up to $50,000 per account, but you need to decline the rental company’s insurance in order to use your credit card’s one. Keep in mind that you’re only covered if you file your claim within 60 days of the incident. But there are instances, like driving non-general passenger vehicles, that are not covered. And certain conditions, such as reckless driving, would also void your coverage.
Basically, there are plenty of things you should know about your coverage before you sign a rental agreement.
Here’s how USAA credit card rental car insurance works:
You are covered when you rent a vehicle in your own name for up to 31 consecutive days using a USAA credit card. You must pay for the full rental with your card, USAA reward points or a combination of the two. Split payments with a non-USAA credit card are not accepted. Also, you must decline any similar coverage offered by the rental company.
USAA will pay for any physical damage, vandalism or theft. It will also pay for loss of use charges from the car rental company for the period of time the vehicle is out of service, along with towing costs.
Coverage amounts are limited to repair costs, the vehicle’s market value, the rental company’s purchase price or $50,000, whichever is less. Loss of use charges are limited to $15,000 per claim.
Only general passenger vehicles are covered. Vehicles not covered include trucks, SUVs, vans, pickups, motorcycles, recreational and off-road vehicles and luxury vehicles. To view the complete list, refer to your credit card’s Guide to Benefits.
You are not covered for personal injury or damage to personal property, damages to other vehicles, property or injury to another person. Nor are you covered for losses related to driving under the influence of drugs or alcohol, racing or reckless driving, or any damage of an intentional or non-accidental nature
To file a claim, call 1 (800) 288-2141, or 1 (800) 673-1164 if you are outside the United States, and request a claim form. You must report the claim within 60 days of the loss. Any claim-related documentation, like police reports or damage estimates, must be submitted within 180 days of the incident or the claim will not be honored. A list of required documents can be found in your credit card’s Guide to Benefits.
Review your credit card’s insurance policy and familiarize yourself with what is and isn’t covered before you rent a vehicle. Contact your card’s customer service department to clarify anything not clear to you in the Guide to Benefits. Don’t assume you’re covered for every mishap when you pay for a car rental with a credit card that offers rental car insurance, as many exceptions and exclusions may apply.
Yes. USAA offers rental car insurance. USAA rental car insurance is usually included in a driver’s personal car insurance policy if the driver carries liability, comprehensive, or collision coverage and is driving in the U.S. Each policy is unique, though, and there may be certain exclusions based on your specific situation. It’s very important to confirm the details of your policy by calling customer service at 1 (800) 531-8722 before declining additional coverage at the rental counter.… read full answer
USAA also offers rental car reimbursement, which helps pay for the cost of a rental car while your personal vehicle is being repaired for a covered claim. If you add rental reimbursement to your policy, your insurance company will pay a fixed amount per day toward the cost of your rental, up to a maximum per-claim limit. You select specific rental car reimbursement limits when you purchase the add-on. For example, if you choose $25 per day/$600 per loss as your rental reimbursement limits, USAA will pay up to $25 per day, but no more than $600 per claim for your rental. You're covered for a rental when your vehicle repairs are started, or immediately if your vehicle isn't drivable. Rental reimbursement coverage costs between $2 and $15 per month, on average, but you’ll need to call customer service to get a personalized quote and add this coverage to your policy.
USAA Rental Car Insurance Coverage Limits
The same USAA coverage limits that apply to your personal vehicle will also apply to a rental car. If you only carry liability insurance, USAA will pay for the other driver’s injuries and property damage after an at-fault accident—but not physical damage to the rental. You need a full-coverage policy to have damage to the rental car covered by your insurer.
If you rent a car similar in value to your personal vehicle, you probably have enough insurance. But if your personal vehicle is a 15-year-old sedan and you decide to rent a 2021 luxury car, you should look into extra coverage. That’s because the limits you’ve chosen for your personal policy may not be sufficient to cover damage to a more expensive rental car.
One option to make up for insufficient coverage when renting a car is to get a collision damage waiver (CDW) from the rental counter, which leaves the rental company responsible if the car is damaged, vandalized, or stolen. In addition to a CDW, rental car companies offer a few other types of insurance if you don’t have enough coverage with your USAA policy. These include supplemental liability protection, personal accident insurance, and personal effects coverage.
The insurance offered by the rental company often duplicates coverage drivers already have through health, life, and auto insurance. You may also have rental insurance from your credit card company, which is nullified if you purchase the rental company’s coverage.
Visa rental car insurance covers theft and physical damage to the vehicle due to collision, weather events, vandalism, and accidental fire, up to the cash value of the car. Towing charges, loss-of-use, and administrative fees are also covered by Visa.
To be eligible for Visa rental car insurance, the rental must be in your name. You also have to decline any extra insurance offered by the rental agency, and you must pay for the entire rental on your Visa credit card. Rentals longer than 31 days are not covered after the 31st day. Trucks, antique cars, limousines, exotic or expensive vehicles, motorcycles, bikes, campers, golf carts, and vans that seat more than 8 people are not covered.… read full answer
To make a Visa rental car insurance claim, visit visa.com/benefitsportal or refer to your credit card’s benefits guide. It’s important to note that not all Visa credit cards will have rental car insurance. Secondary benefits like this are up to the card issuer - not the card network - so make sure to review the benefits guide that came with your Visa card.
No, you do not need insurance to rent a car because rental companies have their own insurance that covers their cars. 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 optional coverage 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.
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