Do You Need Car Rental Insurance?

Do I need to buy the rental company’s insurance when renting a car? This is the million-dollar question for many renters. Renting a car can be a convenient solution when on vacation. However, one common dilemma that often arises at the rental counter is whether to purchase the insurance offered by the rental company. The answer depends on several factors, including your existing insurance coverage, the type of rental car, and your comfort level with assuming potential risks. Let’s delve into the factors to consider: 

Covering car damage

If you already have full comprehensive and collision coverage on your personal auto insurance policy, it may extend to rental cars as well. In many cases, your own insurance will cover damages to the rental vehicle, similar to how it would cover damages to your own car. However, it’s crucial to review your policy details before assuming anything.

Covering personal liability

Oklahoma auto insurance laws state drivers must carry liability coverage that meets or exceeds 25/50/25 policy limits. Fortunately, this coverage usually extends to rental cars as well, providing protection against bodily injury and property damage claims. 

Check with your agent

When in doubt, seek guidance from your insurance agent. They can provide clarity on your existing coverage, advise you on additional insurance options, and help you make an informed decision based on your individual needs and circumstances. If you’re not sure what your policy covers, your OKFB agent can help! 

We’re Here to Help

Whether you’re a longtime policyholder or just starting to look for insurance options, we’re here to help. If you have questions or concerns that you want to discuss, connect with your local OKFB agent today. If you have any insurance-specific questions, we would love to help you find the coverage that best meets your home, auto, commercial and life insurance needs.

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