Travel plans usually involve a lot of moving parts: research, booking, packing and, sometimes, renting a car. Many rental car companies will try to sell you on the insurance they offer, and if you don’t have a good understanding of your current coverage, you may end up spending money you don’t need to.
Do you need rental car insurance?
If you already have auto insurance with Utica National, it may cover renting a car, but coverage varies depending on the state you live in. To be sure, we recommend checking with your independent agent before renting a car for more detailed information about how you are covered.
If you don’t have car insurance but you do have a credit card, you may be covered. Many credit card companies offer rental car insurance just for being a cardholder. Again, to be sure, we recommend calling your credit card company to learn more about your coverage and limitations.
When is purchasing rental car insurance the right fit for you?
- You don’t have car insurance: You aren’t required to have car insurance in order to rent a car, but you do need some level of coverage. In this case, purchasing rental car insurance from the rental agency is likely your best option.
- Your auto policy has high deductibles: Depending on the type, rental car insurance often comes with little to no deductibles, so it may make more sense financially in the event you have to file a claim.
- You want to avoid claims on your policy: If you would like to avoid a potential rate increase on your auto insurance policy, rental car insurance may be the best choice for you. If you must file a claim, it won’t raise your personal rates.
- You are traveling outside the U.S. or Canada: Most auto insurance policies will protect you in the U.S. and parts of Canada, but it is important to do your research and speak with your insurance agent before traveling to be sure. If you plan on renting a car in a country where your personal insurance does not cover you, consider opting for rental car insurance.
Insurance policies, coverages, and rates vary across different carriers and locations, so be sure to contact your insurance agent for the most accurate information regarding your policy.
This information is provided solely as an insurance risk management tool. It is provided with the understanding that the member insurance companies of the Utica National Insurance Group are not providing legal advice, or any other professional services or advice. Utica shall have no liability to any person or entity with respect to any loss or damages alleged to have been caused, directly or indirectly, by the use of this information. You are encouraged to consult an attorney or other professional for advice on these issues.
Utica Mutual Insurance Company, its affiliates and subsidiaries, 180 Genesee St., New Hartford, NY 13413 | © 2023 Copyright Utica Mutual Insurance Company