How much does it cost to add insurance to a rental car? This question is about Car Insurance

How much does it cost to add insurance to a rental car?

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This question is about Car Insurance

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@WalletHub • 01/12/21 This answer was first published on 01/12/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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It costs $5 to $30 per day to add insurance to a rental car, in most cases, depending on the vehicle, rental company and location. The cost of adding insurance to a rental car can exceed the daily cost to rent the vehicle, but it could be worth it if you can’t afford to pay for any damages to the rental out of pocket.

Car Rental Insurance Cost by Company

Hertz (from $9.99/day)
Enterprise Rent-A-Car (from $5/day)
Alamo Rent A Car ($10.99/day)
National Car Rental ($10.99/day)
Dollar Rent A Car (varies by state)

In addition to supplemental rental car insurance options, car rental companies offer collision damage waivers (CDW), also commonly known as loss damage waivers. A CDW technically isn’t an insurance policy, but rather a protection plan that covers most damage to the rental vehicle while it’s in your possession. Keep in mind, however, that CDW terms of service vary by car rental company.

If you have comprehensive/collision coverage on your personal auto insurance policy, or the credit card you use to reserve the rental includes rental car insurance, you may not need to add extra coverage to a rental car. However, the catch with relying on these coverage options, rather than buying extra rental car insurance, is that you may have to pay for damage up front and recover the costs by filing a claim afterward.

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Do you need insurance to rent a car?

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.

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How long will insurance pay for a rental car after an accident?

Insurance will pay for a rental car for up to 30 days after an accident, in most cases, as long as a customer has rental reimbursement coverage. The 30 days of rental car payments that insurance companies typically cover are meant to give enough time for car repairs to be completed or for a customer to find a new car.

An exception to the general 30-day rule is if the accident was another driver’s fault. In...

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How much is Enterprise rental car insurance?

The cost of Enterprise rental car insurance ranges from about $5 per day to nearly $20 per day, depending on the coverage. The Enterprise rental car insurance options are personal accident insurance, personal effects coverage, and supplemental liability protection, and each costs extra to add to a rental agreement.

Enterprise Rental Car Insurance Options

Personal Accident Insurance / Personal Effects Coverage

Enterprise personal accident insurance (PAI) covers medical expenses and provides an...

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