Insurance for Rental Cars: Everything You Should Know Before Signing a Contract

Whether renting a car for one day or a few months, one of the most common questions users ask is related to insurance. 

Do I need insurance for a rental car? 

The shortest answer: Yes! 

Insurance is crucial for protecting you and your vehicle while using it. Therefore, it is essential to understand the types of insurance available and how to get insured most easily. 

Some types of insurance cover only the vehicle you are renting, while others cover injuries or damage to other people or your passengers. Rental car agencies clearly state in their terms which types of insurance are mandatory by law and their policy. However, it is essential to know that agencies often include additional insurance in their offers, which you might not need but still pay for. 

Whether renting a car from us or another agency, we advise you to thoroughly inform yourself about the complete offer and read the terms before signing the contract - to avoid disputes later.

Different Types of Insurance and What They Cover

Insurance for rental cars typically covers three basic things: damage, theft, and third-party liability. 

• Third-Party Liability (TPL) is Included in the basic rental price. This insurance is mandatory and covers the costs of damage caused to others. 
• Collision Damage Waiver (CDW) Covers damage to the rental vehicle. For example, if you damage the bumper or the car door, collision damage waiver insurance covers the damage to the vehicle, but usually with a deductible you pay. 
• Theft Protection (TP) Covers loss or damage caused by the theft of the car.

Additional Insurance Options:

• Super Collision Damage Waiver (SCDW): Eliminates your liability for vehicle damage, with no deductible. 
• Personal Accident Insurance (PAI): Provides additional protection for injuries to the driver and passengers during an accident. 
• Glass and Tire Insurance: Covers damage to glass and tires, which standard insurance does not cover. Combining multiple types of insurance will increase the overall rental cost, but provide comprehensive protection and reduce the risk of unforeseen expenses.

Our Tips for Saving

• Check Insurance Packages: BizRent offers various insurance packages at a discounted price if you choose multiple options at once. Not only do you get greater coverage and better quality insurance, but you also save money. 
• Annual Insurance: If you frequently rent vehicles, consider annual insurance, which is more cost-effective. 
• Stay a Loyal Customer: BizRent rewards its loyal customers with special benefits, including reduced rental prices and better coverage, resulting in significant savings.

How to Get Insurance with BizRent?

When renting a car from BizRent, the process of obtaining insurance is simple and transparent. 

First, choose the car you want to rent. BizRent offers a wide range of vehicles of different classes and sizes to meet various needs and budgets. 

Before making a reservation, check what kind of insurance is already included in the rental price. 

Third-Party Liability (TPL) is always included in the price, because it is the most basic type of insurance. During the reservation process with BizRent, you will be offered additional insurance options that you can choose if needed. This may include:

• Theft Protection (TP): Covers vehicle loss in case of theft.
• Collision Damage Waiver (CDW): Reduces your liability for vehicle damage.
• Driver and Passenger Insurance: Provides additional insurance for the driver and passengers in case of an accident. 

Before deciding on additional insurance, inform yourself about the deductible amount (the amount you are responsible for in case of damage) and what is covered by it. Once you have decided which insurance suits you, simply add it to your reservation. 

This can be done during the online reservation or in person when picking up the vehicle. 

When picking up the vehicle, you will be asked to sign a rental agreement, where all the insurance details you chose will be listed. Keep a copy of this agreement in case you need it as proof of insurance.

Does My Car Insurance Cover Rental Cars?

The answer usually depends on the policy. It is best to check with your insurance company and ask them if your policy covers rental cars. If you do not have comprehensive coverage for your personal car, it likely will not cover a rental car. 

Insurance usually covers only the specific car listed in the policy, meaning you probably will not be covered if you drive someone else's car, or in this case - a rental car.

Enjoy Worry-Free Driving!

When renting a car, it is essential to understand the different insurance options and choose the ones that best suit your needs. 

Research in advance, compare options and read the terms to ensure a worry-free journey.

If you have any additional questions or need help with insurance and vehicle reservations, feel free to contact our BizRent team. 

Our mission is to provide you with safe and worry-free driving.