Insurance for Rental Cars ?

Question

I want to rent a car for a longer period , is there any insurer who provides the insurance for rental cars....

Answer 1

If it's a long term lease, minimum of 6 months, you can put it on a regular private policy, schedule it as you would any other leased car.

Otherwise, you'll have to buy the coverage from the rental car company.

Answer 2

When renting a car, you need insurance. If you have adequate insurance on your own car, including collision and comprehensive, this may be enough.

Before you rent a car:
Contact your insurance company.
Find out how much coverage you have on your own car. In most cases, the coverage and deductibles you have on your personal auto policy would apply to a rental car, providing it's used for pleasure and not business. If you don't have comprehensive and collision coverage on your own car, you will not be covered if your rental car is stolen or if it is damaged in an accident.

Call your credit card company.
Find out what insurance your card provides. Levels of coverage vary.
If you don't have auto insurance, you will need to buy coverage at the car rental counter. The following coverages are available to you at the rental car counter:
Collision Damage Waiver (CDW).
Sometimes called a Loss Damage Waiver (LDW), this coverage relieves you of financial responsibility if your rental car is damaged or stolen. The CDW may be void, however, if you cause an accident by speeding, driving on unpaved roads or driving while intoxicated. This coverage generally costs between $9 and $19 a day. If you have comprehensive and collision on your own car, you may not need to purchase this coverage.

Answer 3

The rental car company sells insurance as an add-on to the daily rental rate.

Answer 4

I would take the rental car company's insurance. If something happens, you just return the car, no problems.