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8 facts about credit cards and car rental insurance

Many credit cards offer car rental collision protection as a perk. But what exactly is covered?

By Laura Mazzuca Toops | Updated on July 16, 2014

It’s summertime, and peak season for vacationers and car rentals. Even though most standard auto insurance policies cover rental cars, roughly 20% of consumers always purchase supplemental coverage when renting a car, and 20% do occasionally, according to a study by Progressive. Why? A study by the National Assn. of Insurance Comissioners finds that 62% of consumers don’t think their personal auto insurance automatically covers rentals, and 24% aren’t sure whether their credit cards provide any coverage.

Most credit card companies offer some sort of free rental car collision coverage, along with other perks. But what exactly does it cover? A recent report by CardHub examines each major card network’s rental car insurance policy and explains what type of rental car insurance coverage consumers automatically receive through their credit cards, how they can take advantage of it, which credit cards offer the best insurance coverage, and whether any other forms of supplemental insurance are needed.

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