Typically when renting a car the rental service asks if you would like to purchase insurance for the rental car. Depending upon what type of coverage you wish to have, this will determine how much you pay for the insurance per day. Most people already have car insurance on their own vehicles, and sometimes their own insurance will actually cover the car rental if they should have an accident while driving a rental car. Insurance policies that cover this type of rental are usually more expensive with your own insurance provider unless you rent cars often.
It is sometimes less expensive to actually purchase the insurance from car rental dealer then having this added to your personal insurance policy unless you currently have a policy that has full coverage.
Usually the car owners that have this type of car insurance policy, the benefit of having rental coverage is already in their policy.
A person who travels quite often and must rent a car for a business or personal trips then it is usually less expensive to have this type of coverage added to a personal policy. The rental cost for insurance can be very expensive especially if you often use a rental car and purchase their insurance upon the rental of the car. Their daily rates can be more expensive then having this added to your own policy.
There are insurance companies that do not have the option of adding this type of coverage for rental cars unless you purchase their full coverage type of policy they offer in which the rental car would be covered. It is always best to review your current policy once year and if you are considering renting a car. You can possibly save some money as it may be included in your own policy.
