Despite the rapid pace of technological progress and the development of innovative transport systems, today car rental is a very advanced way to move. This fact is strongly confirmed by millions of travelers who prefer to appear behind the wheel of a vehicle and not on the seat of a bus. And it doesn’t matter where you go – to hot Los Angeles or cold Anchorage, because your car is your best assistant, as well as an indispensable guide to the world of unforgettable journeys and vivid impressions.
Indeed, if you like to drive, in many cases the rental vehicle is the greatest solution for exploring any area. Moreover, it’s quite simple to arrange rental – you can book a car in any country in the world via the Internet.
But still even now, when the service has become as friendly as possible for the customer, it’s very important to pay attention to certain issues in order not to spoil your road trip. Among them, car rental collision insurance matters the most.
In the field of car rental, this protection kit is usually called CDW. It implies insuring the car against harm caused by the renter.
This type of protection always has a prescribed deductible – a certain amount of your financial accountability. The material wastes within the limit sum are paid by you, and everything that is beyond this amount is paid by the insurance company.
Car rental collision insurance can be refused without any concerns. If you are a confident driver, then you can skip this protection option – it will help save some money. However, when driving in unfamiliar areas it’s still recommended to get rental car collision damage insurance to avoid any problems on your future road trip and keep financial calm.
Very often, drivers have CDW as an additional opportunity of their electronic bank cards. This means it’s not necessary to purchase it in case your card provider features the same function. It comes with such credit cards as Visa, American Express and MasterCard.
Where to Buy CDW?
Your card doesn’t support car rental collision insurance on a rental car? It’s possible to receive it from:
- the rental company;
- a third-party insurance organization.
The first option is more convenient since you rent a car in one place. The cost of the CDW is usually about $9-$30/day.
The second way is more economical because the option is issued on the driver, not on the car. Therefore, you can get insurance for at least a year, without being tied to a specific car. Plus, third-party organizations usually have 20–30% cheaper insurance than a car hire supplier.
Car Rental Collision Insurance vs. Comprehensive Personal Insurance
These are 2 types of protections, which cover damage to your vehicle. It’s important to distinguish them from each other, as they have specific areas of action.
Each renter can expect benefits according to his CDW plan if the harm is done in one of the following ways:
- Crashing into a stationary facility – streetlight, tree or some building;
- Crashing into any road obstacle, including potholes and ditches;
- Driving into another vehicle, or when another vehicle crashes into the car;
- Flipping over the car.
- Hit-and-run, when it’s impossible to use uninsured driver protection.
Comprehensive coverage plan
It begins working if your car got damage due to such events as:
- Tornadoes, storms, hurricanes, earthquakes or other natural phenomena;
- Collisions with animals;
- Explosions, fire, civil commotions, terrorism;
- Falling objects.
The major difference between these coverage options is that the cases of the collision protection are controllable by the driver, while full package works if the car has suffered from acts of God or nature.
Supplemental Car Rental Insurance – Is it needed?
As stated above, car rental collision insurance compensates the renter’s vehicle damages only. But what if your actions on the road leading to the damage of someone’s car or property? Then, you need a different degree of protection to save yourself from responsibility. It takes into account all the circumstances of the incident and ensures the property that has suffered as a result of your unintentional actions. This guarding option is supplemental (SLI) and it can be purchased together with collision coverage.
What is supplemental car hire insurance?
SLI is a driver’s civil liability protector, providing coverage for damage caused to property and health of other road accident participants if you are found guilty of an accident.
This type of protection package covers third-party claims in the amount of up to $2,000,000. Supplemental insurance can be purchased on request, which means the renter is not obligated to buy it.
Where SLI may be bought?
Similarly to collision vehicle insurance, SLI is available not only in the rental agency’s branch but also via third-party providers, as well as may come with credit card protection.
Usually, the price for supplemental insurance varies between $10 and $15.50. Most car hire suppliers don’t require this benefit to be purchased by the renter. However, in this case, the driver is responsible for all material losses caused to other participators of the incident.
Extra Collision Insurance from Car Rental Companies in the USA
Among all the U.S. car hire agencies, almost everyone offers extra collision insurance. An exception may be local suppliers who don’t offer this coverage in order to make car rental as cheap as possible. Although the renter gets an attractive price, it can turn into a big waste in case of an accident.
Therefore, if you don’t want to have problems on your road trip, it’s advised to choose the leading international brands with a reliable reputation.
For example, Enterprise car rental collision insurance is the key to a hassle-free journey. It protects from liability in case of damage to the car. This is the first choice of many travelers since a well-known brand is a guarantee of material security wherever you go.
As mentioned above, the purchase of insurance isn’t required at all, but agencies provide it for an extra price anyway. The final cost depends on the location, in the car class, as well as on the agency’s pricing intentions. Offers from top USA car hire providers are included in the following table:
|U.S. Car Hire Company||Daily Car Rental Collision Insurance Rates|
|Alamo||Between $10.99 and $26.99|
|Enterprise||Between $10.99 and $26.99|
|NU car rental||$24.99 for economy through full-size cars, $29.99 for SUVs, vans|
|EZ rent a car||Between $13.99 and $18.99|
How to get the cheapest rental car collision insurance
Since the cost of car rental collision insurance can involve a significant size of the overall rental price, so it always makes sense to find the best deal. Check out several tricks on how to receive a collision insurance rental car in the most profitable way:
- Always check your electronic bank card capabilities. Perhaps it already contains a protection option, and it’s not necessary to obtain extra CDW.
- Try to search for offers that have collision insurance already included in the final rate. Also, special promotions are another way to receive collision protection for cheap.
- Find out the price of the CDW protection that comes with the rental, then compare it with offers from third-party suppliers and choose the best deal, along with the most suitable conditions.
- In case you choose a car by class and are not tied to any car hire company, you can consider the supplier who offers the best price for CDW insurance.
Remember that in any service, including car hire there are many ways to save money, but not all of them are good. As for insurance, you should always keep a fine line between price and consequences in the event of an accident — then your journey will bring you maximum pleasure while your budget won’t be destroyed.