Does Farmers offer discounts on rental cars?

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

Coverage Offered by Rental Car Companies

• Collision Damage Waiver:

Covers: Damage to the rental car in an accident

Similar to: Collision and comprehensive

• Supplemental Liability

Covers: Damage and injuries to the other driver from an accident you cause

Similar to: Bodily injury and property damage liability

• Personal Accident

Covers: Medical costs for injuries to you and your passengers

Similar to: Personal injury protection, MedPay and health insurance

• Personal Effects

Covers: Personal items stolen out of the rental car

Similar to: Homeowner’s or renter’s insurance

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.

You need some form of insurance to drive a rental car, but you only need to buy extra car insurance from the rental car company if you don’t have personal auto insurance or you’re traveling internationally. Standard car insurance policies usually extend to rental cars, so most drivers are already covered. Many ... read full answercredit cards also provide insurance against damage to the rental car itself.

You Might Need to Buy Rental Car Insurance If You:

• Don’t have a personal car insurance policy.
• Have a personal car insurance policy but your limits are low.
• Are traveling internationally and your personal insurance won’t cover you.
• Are traveling for business and your personal insurance won’t cover you.
• Don’t want to pay your normal deductible or see your premium increase if you file a claim.
• Don’t want to pay fees that your normal insurance won’t cover, like loss-of-use charges.
• Are renting a car for longer than your insurance or credit card will cover you.
• Want to avoid filing a claim with your normal insurance company if you get into an accident with the rental car.

If your car rental is covered by your standard insurance and you’re willing to pay your normal deductible, it’s fine to go without separate rental car insurance. In this case, just be sure to ask your insurer about any exclusions before the rental begins.

It’s also worth noting that even if your standard car insurance policy only includes liability coverage, you might be protected in other ways. For instance, some credit cards allow you to file claims for damage to a rental car, while homeowners, condo, or renters policies cover personal possessions.

In other words, you should consider your current insurance policies before deciding if you need rental car insurance. Additionally, if you plan on using a credit card as coverage, be sure you know about any exclusions and actions you need to take for the coverage to apply, such as declining the rental car company’s insurance options. For more details, check out WalletHub’s complete guide to rental car insurance.

Farmers rental reimbursement pays for the cost of a rental car after the policyholder’s vehicle is damaged by a covered cause, such as an accident. Rental car reimbursement from Farmers usually costs less than $10 per month, and it covers the cost of a rental for up to 30 days, minus a deductible that the policyholder chooses.... read full answer

This coverage does not apply to rental vehicles used while the car is undergoing routine maintenance. Drivers typically need collision and comprehensive coverage to be eligible.

Here’s how Farmers rental reimbursement works:

1. You add rental reimbursement coverage to a Farmers car insurance policy that includes collision and comprehensive coverage.
2. The rental reimbursement coverage kicks in when you file a collision or comprehensive claim.
3. You will pay for the rental car initially, and Farmers will reimburse you for the cost minus your deductible.

In general, rental reimbursement coverage is worth it if you think you are likely going to be in a car accident and need a rental car within the next few years. If not, then you likely won’t get much from the coverage, even though it’s relatively cheap. To learn more, check out WalletHub’s guide to rental reimbursement insurance.