Do I need to buy rental car insurance?

Categorized: Auto Accidents

Do I need to buy rental car insurance?

If you’re planning a trip where you’ll need to rent a car, one of the biggest questions you’ll need to consider is, do I need to buy rental car insurance? The following considers some of the benefits of liability insurance, as well as situations where you might be traveling in Bristol, PA that you won’t need any additional coverage. If you want further accident on car accidents specifically, read our car accidents blog.

The Benefits of Car Insurance for a Rental Vehicle

The benefits of car insurance are obvious. In the event that you’re in a collision or something happens to the car that you’re driving, car insurance will cover the costs so that you don’t have to pay them out of pocket.

What’s more, car insurance on a rental vehicle usually isn’t very expensive. It may range between $20 and $40 a day in comprehensive and collision coverage, and between $7 and $14 a day for up to $1,000,000 in liability coverage.

For about $1 to $5 per day, personal accident insurance will cover ambulance and medical bills. In the event that you are in an accident, then, extra car insurance from the rental car company can save you thousands of dollars in expenses.

When Extra Liability Insurance Isn’t Worth the Cost

Depending upon your current insurance policy, purchasing additional insurance on your rental car may not be necessary. According to Merle Scheiber, previous South Dakota insurance commissioner, if you already have comprehensive, collision, medical benefits, and liability coverage as part of your personal auto insurance policy, it’s likely that the coverage will also cover your rental car.

Just call your insurance agent to verify. If you’re already covered by your policy when driving a rental car, then purchasing additional insurance is a “waste of money,” says Scheiber.

Extra coverage is typically only a good idea if one of these situations pertains to you.

  • You don’t have comprehensive/collision coverage on your existing policy
  • You only have insurance under a commercial policy
  • You want to lower your risk of paying a high deductible

What to Do After a Car Accident

In the event that you are in a car accident in Bristol while driving a rental car, read our blog on The Process of Filing a Car Insurance Claim. In the event that you claim is denied or you’re offered less than your claim is worth, or if you need to recover a high damages amount that isn’t covered by your policy, call the attorneys at Cordisco & Saile LLC for legal representation. Call us now at 215-642-2335 to get started!

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