Rental Car Insurance If I Don T Own A Car

In fact not having a vehicle is a common reason to rent a car in the first place.

Rental car insurance if i don t own a car. Collision damage waiver or loss damage waiver cdw or ldw. For example when it comes to liability insurance if you cause an accident while driving the rental car your liability insurance would pay up to your policy limits for the damages done to other cars or property. Normally if you own a vehicle and carry insurance on it it doesn t make sense to spend the extra money up to 40 a day to be covered by the rental car company s insurance since you re already covered by your own. Barbara marquand lacie glover february 20 2019.

As a first step check to see if your credit card offers rental car coverage. Note that rental car insurance is not the same as rental car reimbursement coverage an auto policy option that covers the cost of a car rental if your vehicle is being repaired as part of a claim. Non owner car insurance is for anybody who regularly drives a car they don t own or needs to prove coverage. Rental car insurance could overlap with your own auto insurance.

Renting a car when you don t have car insurance. This covers the car for damages due to collision or theft. So if you dent the side of your vehicle or get into a bigger accident you won t have to pay for repairs and sometimes towing or loss of use charges. At first glance that idea may seem unappealing but the reality is in some cases some people who don t.

The law requires all vehicles in ontario including those owned by car rental companies to carry a minimum of 200 000 third party liability insurance. Whether you rent or borrow a car often or need to file for an sr 22 without a vehicle a non owner policy is a relatively inexpensive option to purchase auto insurance liability coverage. In general the coverage you have from your primary auto insurance will cover a rental vehicle. If you re living in europe most car rental agreements include cover for damage theft and third party liability so you don t necessarily have to buy extra insurance when you hire a car.

Typically car rental agencies offer four types of car rental insurance. Non owner car insurance is a liability policy for those who drive but don t own a car. But if you don t already have your own insurance you may need to buy some from the rental agency.