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Here are some things you should know about your credit card's  car rental collision coverage.

  • All four major credit card networks require cardholders to charge their entire rental car purchase on their credit card and decline supplemental insurance/Collision Damage Waivers (CDW) offered by the rental company in order to be eligible.
  • None of the four major networks provides coverage for the rental of: 1) exotic, expensive, or antique cars; 2) trucks; 3) vehicles with open beds; or 4) off-oad vehicles.
  • VISA is the only network that does not cover accidents occurring on dirt and gravel roads. MasterCard only covers accidents on dirt and gravel roads if they are “regularly maintained.”
  • All card networks exclude rentals that exceed specified time limits, and a lot of cards come with country limitations as well.
  • American Express is the only network not to provide coverage for renting certain popular SUVs – including the Suburban and Tahoe from Chevrolet, GMC Yukon, Ford Expedition, Lincoln Navigator, Toyota Land Cruiser, Lexus LX450, Range Rover, and full-sized Ford Bronco.

Here are some recommendations for consumers weighing car rental insurance:
  • Contact your insurance agent or carrier and find out if rentals are covered under your standard policy. Older policies may not offer this coverage.
  • Ask your credit card issuer what limitations apply to the car rental coverage they provide.
  • Long-term rentals might not be covered by your existing auto insurance, as time limitations may be imposed by your policy.
  • Even if your personal auto policy covers rentals, it might not apply for rentals used for business travel.
  • Rent a car of similar value to your own car to increase the likelihood that your existing coverage is adequate for the rental car.
  • If your existing policy does not offer coverage for a particular type of rental car, ask about adding an insurance rider for a small fee.
  • If you are not a car owner but drive from time to time, consider purchasing a non-owner auto insurance policy.
If you have any questions about this please contact Suzanne Brown at Suzanne@SuzanneBrownAgency.com or call 281-558-2210 so we can help you.
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