You’ll also find that some countries are excluded, and while the list changes depending on the card issuer, Australia, New Zealand, Italy and Jamaica are some common countries to look out for. Many policies will also only cover you for a certain time period - 31 days is very common. So if you’re renting a car for a few months, you might find that your credit card coverage will not actually apply.Īdditionally, there are some car types that aren’t covered, such as luxury cars and pick-up trucks. Some policies will only cover you up to the maximum value of the car you’re renting, while others have higher limits. You’ll also find that many coverage options are slightly different from one another. However, one thing to note is that many credit cards that offer secondary coverage switch to primary coverage if you don’t have car insurance or if you’re renting outside the United States, where your personal policy won’t cover you. Once the claim is settled, you can then file a claim with your credit card and you’ll be covered for anything that wasn’t initially covered with your primary policy, such as your deductible. If the credit card offers secondary car rental insurance, you’ll have to first make a claim with any other policy you have. This will not only save you time but will also avoid any premiums to your own policy. Primary coverage means that if there’s a covered accident, the claim will go directly through the credit card company, allowing you to avoid the hassle of involving your own auto insurance policy. You’ll also notice that there are two different types of credit card car rental coverage: primary and secondary. Typically, your personal car rental insurance will cover you in these situations or you can purchase separate policies from the car rental company. However, the included policy will not protect you from the cost of damage or injuries to another car if you’re found at fault. This coverage will protect you from the financial responsibility of covering the cost. Once you rent the car, you’ll then be covered if your rented car incurs theft or damage from a collision. You might find that some car rental companies automatically include this extra insurance - and cost - into your agreement, so you’ll want to double-check your paperwork. Additionally, for the credit card coverage to take effect in the unfortunate case that an accident occurs, you must decline the Collision Damage Waiver (CDW) - sometimes called Loss Damage Waiver (LDW) - in your rental agreement.
Venture one rental car insurance drivers#
If there are multiple drivers on the rental contract, the primary renter must be the card holder. How does credit card car rental insurance work?įirst and foremost, when renting a car, you must pay for your rental with the specific credit card that offers car rental protection. Ink Business Cash® Credit Card: Best card for renting cars for small businesses.Bank Altitude® Reserve Visa Infinite® Card : Best for travel credits to use toward renting cars The Platinum Card® from American Express : Best for car rental elite status.Chase Freedom Unlimited® : Best no-annual-fee card for renting cars.Chase Sapphire Preferred® Card: Best low-annual-fee card for renting cars.Chase Sapphire Reserve® : Best earn rate for renting cars.
Capital One Venture X Rewards Credit Card : Best card for car rental insurance.Your CNN account Log in to your CNN account
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