Renting a Car this Summer? Here are 3 Tips to Know Before You Rent

Renting a car can offer great convenience and flexibility during your travels. It's important to be well-informed about your auto insurance coverage to make sure you're adequately protected. Read further as we delve into three key points  to consider before renting a car. By the time you’re finished with this article, you’ll know how to avoid unexpected expenses and potential liabilities that may arise with auto insurance.

1 | Does your personal auto insurance provide coverage for rental cars?

One of the first things you need to determine is whether your personal auto insurance policy extends coverage to rental vehicles and/or to others involved in an accident. Most of the time, your personal car insurance will follow you as a driver, regardless of whether you're driving your car or a rental. Since this coverage can vary depending on the details of your specific policy and insurance provider, it is important to know the coverage provided by your personal auto insurance. If you do choose to get the rental insurance through the rental car company, and happen to get into an accident, then you would file a claim with the rental car company and not your personal insurance. This will minimize the possibility of an increase to your personal insurance premiums.  

2 | Should you purchase rental insurance through the company you are renting from? 

While your personal auto insurance may provide coverage for rental cars, it's essential to carefully evaluate the terms and limitations. In some cases, purchasing rental insurance from the car rental company can provide extra peace of mind. The decision to purchase rental insurance depends on factors such as the coverage provided by your personal auto insurance policy, the value of the rental car, and your risk tolerance. Take the time to review the rental insurance options offered, including costs and coverage details. 

3 | Information about Collision Damage Waiver (CDW)/Loss Damage Waiver (LDW)

Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW) is a specific type of rental insurance that many companies offer. This waiver relieves you of financial responsibility for damages to the rental vehicle in the event of an accident, theft of the vehicle, or vandalism to the vehicle. While CDW/LDW can provide valuable protection, it's important to understand its limitations. Exclusions and restrictions may apply, such as damage caused by reckless driving, driving under the influence, or driving off-road. Even more importantly, it may not cover personal belongings stolen from the rental car.

While renting a car offers convenience and flexibility, it's vital to have a clear understanding of your auto insurance coverage before doing so. We’re confident that by considering the tips above, you’ll be in a much better position knowing you're adequately protected and able to avoid any unexpected expenses or liabilities during your rental experience. 

Make sure you understand what your policy covers.

Let Weiser be your guide, we’ll take the time to make sure you understand everything that your policy covers.