Whenever you rent a car, the rental agency will certainly offer you rental car insurance. If you have quality comprehensive collision insurance, you may not need the rental car insurance coverage at all. However, if you don’t have a car, you probably don’t have car insurance. So, here are some suggestions on other ways to help you save money on rental car insurance.
Even if you don’t own a vehicle, you still may be able to avoid purchasing rental car insurance altogether. If you plan on using a credit card to pay for your rental car, call the credit card company and ask what type of coverage they offer. Many credit card companies now offer rental car insurance when the car is rented using their credit card. Most companies offer this coverage for free, but a few do charge a fairly small service fee or surcharge. Regardless of the amount they charge, it will be much cheaper than the coverage offered by the rental agency.
If you have other medical insurance or another type of liability coverage such as an umbrella policy, you may be able to eliminate certain optional parts of rental car insurance. If you have health insurance, don’t accept the medical coverage offered by the rental agency. Likewise, if you have a good umbrella liability policy, you may not need the liability coverage either.
Even if you don’t own the vehicle and don’t have car insurance, you may be able to omit many optional parts types of car rental insurance coverage. Using the information above, you may be able to decline the coverage altogether or only pick and choose the types of coverage you need. Either way—it will help you save a few dollars a day.