Candace Baker, Car Insurance Writer
@candacebaker
GEICO 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 insurance from GEICO usually costs less than $10 per month, and drivers can purchase a limit of up to $75 per day $2,250 per claim.
This coverage does not apply to rental vehicles used while the policyholder's car is undergoing routine maintenance. In addition, drivers typically need collision and comprehensive coverage to be eligible. The cost of rental reimbursement coverage may vary by state and coverage limit.
Here's how GEICO rental reimbursement works:
- You add rental reimbursement coverage to a GEICO car insurance policy that includes collision and comprehensive coverage.
- The rental reimbursement coverage kicks in when you file a collision or comprehensive claim and pay your deductible.
- If you rent your car from Enterprise, GEICO will be billed directly. Otherwise, you'll pay for the rental yourself and be reimbursed later.
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 coverage.
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