![]() There are a few important exceptions to car rental coverage from a credit card that you should know about. Caveats When Relying on Credit Card Rental Car Coverage Note that many business credit cards also offer rental car insurance but only if the rental is for business use. These cards are only available to military officers, enlisted personnel and veterans and their eligible family members. USAA co-branded cards often offer primary rental car insurance.Note that this coverage does not include car rentals in Australia, Ireland, Israel, Italy, Jamaica and New Zealand. You won’t be charged anything until you actually use an enrolled card to rent a car, in which case the premium will automatically post to your account. You must proactively enroll for this option. The more expensive option has higher thresholds for medical expenses. American Express cards offer primary coverage for a flat rate of $19.95 or $24.95 for rentals of up to 42 days (up to 30 days for Washington State residents).Costco Anywhere Visa Business Card by Citi has no annual fee for Costco members and is one of few Citi cards to still offer car rental insurance and other travel benefits.More premium cards are offering primary coverage than in the past. Note: AutoSlash may receive compensation on purchases made from chosen links. Credit Cards That Offer Primary Rental Car Coverage You must waive the car rental company’s CDW/LDW coverage offered at the counter for these benefits to apply. You are covered for the full damages due to collision or theft of most rental cars up to a maximum amount that typically exceeds the total value of the rental car. Many premium credit cards offer primary car rental insurance, which means it kicks in before your personal auto insurance. But always, always double check your card’s coverage so you know for sure before you decline the CDW/LDW coverage. The other is if you don’t own a car and consequently don’t carry personal auto insurance. The first is if you’re renting a car outside the US and your personal car insurance policy doesn’t cover you in that country. Most secondary policies on credit cards automatically become primary coverage in two common scenarios. That can cause your auto insurance premium to go up. So if you pay with a card that offers secondary insurance, you still need to file a claim with your car insurance company. But more importantly, it kicks in only after your own personal car insurance is depleted. There’s usually a substantial deductible and it may not cover the entire loss of a vehicle or Loss of Use fees if you get in an accident. Nearly every basic credit card offers secondary rental car coverage, but this coverage has some significant drawbacks. In order to decline coverage-thus saving yourself a wad of dough-you should have rental car coverage either through your personal auto insurance or your credit card or both.Īsk AutoSlash for a Quote on a Cheap Car Rental The agent at the rental car counter will offer pricey insurance commonly referred to as Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW). Here’s what separates run-of-the-mill credit cards from godsend cards. A perk of many cards is car rental insurance coverage that gives you peace of mind when you hit the road. The gold standard is a credit cards with primary car rental insurance.īeyond the welcome bonuses and points, a great credit card can offer protection when things go very wrong. When it comes to paying for a rental car, not all credit cards are created equal. Last Updated on Decemby Michael Photo credit: Shutterstock
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