No, you do not need proof of insurance to rent a car from Enterprise. In fact, you don't need your own car insurance at all to rent a car from the company, as this requirement would prevent customers who don't own a vehicle from renting. Enterprise provides its own car insurance for people looking to rent a car.
What you need to rent a car from Enterprise:
A valid driver's license
An acceptable form of payment
To meet the renting location's minimum age requirements
Among the insurance Enterprise offers its customers you will find coverage such as a damage waiver, personal accident and personal effects coverage, supplemental liability protection and roadside assistance protection.
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.
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.... read full answer
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.
Yes, you can rent a car with your Chime Credit Card. Just keep in mind that you need to have enough available credit to cover the hold the rental agency will put on your card.
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. This question was posted by WalletHub. 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.