Does My Auto Insurance Cover Rental Car?
Most likely if you have an auto policy, you could add rental coverage for just a few extra dollars a month…but always contact your provider to be sure! Understanding the following terms will also be helpful.
1. Auto Insurance cover Rental Car- Full Coverage
Full Coverage– This means that you have Comprehensive and Collision on your policy to cover for any physical damage or accidents that may occur. Vehicles 10 years and newer may require full coverage if you are financing.
2. Auto Insurance cover Rental Car- Comprehensive
Comprehensive will cover damages due to theft, fire, wind, hail, weather, glass breakage, and impact with an animal such as a deer or moose. You will be required to pay your Comprehensive deductible, which is a set amount you choose. The standard amounts chosen are usually $500 deductible, or $1000 deductible. Some Insurance companies allow a $0 glass, $50, or $100 glass deductible.
3. Auto Insurance cover Rental Car- Collision
Collision will pay for instances when you hit an object or other vehicles, regardless of Fault. If you are found At Fault in an accident, you will need to file a claim and pay your Collision Deductible. If they other driver involved was found At Fault, their Insurance policy will cover your deductible.
4. Auto Insurance cover Rental Car- Liability
Liability insurance- This covers you if you get into an accident with the rental car, and will cover damages done to other vehicles or property. Liability is required in almost all states, so it is likely that you already have it covered under your auto policy. If you are at fault in an accident, and other vehicles were damaged, (including a rental vehicle) this is where liability will kick in.
It would be wise to talk with your insurance carrier to see if your full coverage would cover a rental, but chances are…If comprehensive and liability is included in your policy then usually, the coverage will extend to your rental car.
Last Updated on by Amanda Moss