Home > Personal Finance Center  > Auto - Buying and Insurance > Auto - Buying and Insurance - Is Rental Car Damage Insurance Right for You?

Auto - Buying and Insurance - Is Rental Car Damage Insurance Right for You?

Auto - Buying and Insurance - Is Rental Car Damage Insurance Right for You?

Let’s start with the basics. Most car insurance policies cover you if you rent a car. (Make sure your policy covers any cars you rent.) If that is the case, it probably does not make sense to purchase damage insurance from the rental car company itself. While it’s convenient, you are in effect paying twice for the same coverage.

Take a look at your policy, and if you have rental car insurance, determine how much that costs. Balance that cost against the cost of purchasing damage insurance when you rent a car. Then pick whichever insurance is cheapest - but don’t pay twice!

What is New

Stock Market

Stocks headlines
Index Last Change
Dow 16880.36 -31.75
Nasdaq 4462.90 20.20
S&P 500 1970.07 0.12
NYSE 10929.80 -6.90
AMEX 2749.70 -24.51
Input stock ticker 
Or company name