Friday, March 22, 2024

Does Chase Sapphire Cover Rental Car Insurance

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How Does Turo Car Rental Insurance Work

Renting a Car? Chase Sapphire Reserve Auto Rental CDW Benefit

Turo also sells protection plans, which vary by market. You can see the full details on Turo’s website, but here’s a quick summary of the plans available for rentals in the U.S.:

  • Cost is 100% of the trip price with a minimum charge of $14 per day
  • Secondary third-party liability insurance coverage with a limit of $750,000
  • Primary physical damage contract limiting your responsibility to $0 for physical damage to your hosts vehicle
  • Cost is 40% of the trip price with a minimum charge of $12 per day
  • Minimum third-party liability insurance coverage required by the state where the car is registered
  • Primary physical damage contract limiting your responsibility to $500 for physical damage to your hosts vehicle
  • Cost is 15% of the trip price when the trip price is more than $250 and 25% of the trip price when the trip rice is less than $250, with a minimum charge of $10 per day
  • Minimum third-party liability insurance coverage required by the state where the car is registered
  • Primary physical damage contract limiting your responsibility to $3,000 for physical damage to your hosts vehicle

These plans aren’t inexpensive. After all, for a sample one-week rental in Orlando that lists a $23.75 per day rental rate, Premier protection would cost $23.75 per day, Standard protection would cost $12 per day and Minimum protection would cost $10 per day.

What Do You Need To Do To Get Rental Car Insurance From Your Credit Card

To receive credit card coverage for your rental car insurance, you may need to

  • Reserve and pay for the rental using the card
  • Be the primary driver on the rental agreement

Check your cards policy for other details, such as the maximum rental period , limitations in different countries, which types of vehicles it covers and coverage limitations.

Also, check to see if your card offers secondary or primary coverage. According to Loretta Worters, vice president of media relations for the Insurance Information Institute, most credit cards offer secondary coverage.

This means you may need to file a claim with your insurance company first, and the credit cards coverage may only reimburse you for claims that your primary insurance doesnt cover, such as your deductible, administrative fees and costs that exceed your policys limit.

How American Express Premium Car Rental Protection Works

American Express cardholders may pay a rate of $12.25 to $24.95 per rental to get primary coverage on a wide variety of vehicles. While youre generally better off paying with a card with free primary rental car insurance, Amex Premium Car rental Protection does have a few advantages:

  • A longer-than-average rental period
  • It covers vehicles that most other credit card policies dont cover, such as luxury vehicles, SUVs, and pickup trucks
  • The amount of coverage is really high: Up to $100,000 for damage or theft of a qualifying rental vehicle
  • With a maximum fee of $24.95 for the entire rental period, the cost is also very reasonable much better than the policies pitched to you at a car rental counter
  • Terms apply to American Express credit card offers. See americanexpress.com for more information.

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Best For Renting A Car Internationally: Chase Sapphire Reserve

Heres why: The Chase Sapphire Reserve® provides primary insurance coverage for rental cars all around the world. Thats not always a given.

You may also appreciate that the Chase Sapphire Reserve® has a $0 foreign transaction fee while youre traveling overseas.

On the rewards front, you can use the annual $300 travel credit to help pay for your rental car. Youll also earn

  • 10 points per $1 on car rentals and at hotels booked through Chase Ultimate Rewards®
  • 10 points per $1 on Chase Dining purchases made through Chase Ultimate Rewards
  • 5 points per $1 on flights booked through Chase Ultimate Rewards
  • 3 points per $1 on other travel purchases
  • 3 points per $1 on other dining purchases
  • 1 point per $1 on all other purchases

But all of these rewards and perks will cost you the card comes with a hefty $550 annual fee.

Best Business Card For Car Rentals

chase sapphire preferred car rental
  • Primary coverage for business rentals domestically and internationally.
  • Secondary for personal rentals inside the U.S., but primary outside the U.S.
  • Earn 3x points on rental cars and other travel purchases.
  • Book rentals through the Ultimate Rewards portal using points at 1.25 cents each.
  • Covers rentals up to 31 days in or out of the U.S.

For businesses with a lot of travel expenses, including car rentals, the Ink Business Preferred® Credit Card may be your go-to card. The card offers primary rental insurance in most countries for vehicles rented for business purposes, a high 3X rewards rate on car rentals and car rental privileges with Avis. Moreover, theres no extra fee for issuing employee cards, so you and your employees can use all its car rental benefits cost-effectively.

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United Club Infinite Card

  • Primary rental car protection in the U.S. and abroad
  • Earn 2x miles on rental cars
  • Complimentary enrollment in Avis President’s Club, including complimentary two-car class upgrades, guaranteed car availability, expedited rental service and more

The United Club Infinite Card offers similar benefits as the United Explorer Card including primary car rental insurance but it is for frequent travelers on United.

It carries a higher annual fee, but it has higher earning power, includes a complimentary United Club membership and accelerates United elite status. Cardholders also qualify for another sweet car rental perk: automatic enrollment in Avis President’s Club.

The Platinum Card From American Express

The Platinum Card® from American Express comes with a welcome bonus offer of 80,000 Membership Rewards® points after spending $6,000 on purchases in the first six months of card membership. Insider estimates Amex points value to be 1.8 cents each when used for travel, making this bonus worth $1,440.

The card doesn’t offer primary rental car insurance by default. However, you can receive primary premium car rental protection for a flat rate between $15.95 and $24.95 per rental period . It’s not free like the other insurances on this list, but premium rental car benefits may fit your situation better:

  • You’ll be covered for up to 42 consecutive days, whereas most other cards won’t allow your rental to exceed 31 consecutive days.
  • You’re insured for up to $100,000 of primary coverage against damage or theft a higher number than several other credit cards.

You can enroll your Amex Platinum and automatically be covered whenever you rent a car. You’ll be charged this flat rate whenever you pay for a rental with your card.

The Amex Platinum annual fee is notably high at $695. But the value you can get from this card’s benefits is much greater. Here are some of the best ongoing perks:

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American Express Car Rental Insurance

Renting a car with an American Express card is a special situation: All American Express cards, including The Platinum Card® from American Express and the American Express® Gold Card, come with secondary car rental insurance.* If you want primary car rental insurance, youll have to pay a fee for Premium Car Rental Protection.

The Best Credit Cards For Car Rental Insurance Benefits

Chase Sapphire Preferred for Car Rentals: How Chris Uses Our Favorite Travel Card

Most consumer credit cards offer some form of rental car coverage as a benefit. However, Worters says that the benefits can vary widely depending on the issuer and the card, which is why its important to review your policys details. Below are a few of our picks for the best car rental insurance depending on your needs.

Note: Our selections for the best coverage focus on travel cards that offer primary coverage to let you file any claims directly with the credit card company rather than having to go through your personal auto insurance.

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Best For Renting A Car For Business Purposes

Terms apply.

Whos this for? Small business owners who frequently rent cars for business trips and don’t want to pay. ahigh annual fee should consider the Ink Business Preferred® Credit Card. It offers strong car rental coverage and great points-earning possibilities.

Car rental benefits: If your rental is part of a company or business-related trip within the U.S. or overseas or if you’re renting one for personal reasons while traveling abroad and you don’t have your own car insurance the Ink Business Preferred card has you covered, with an auto rental collision damage waiver that protects you with primary rental insurance on rentals up to 31 consecutive days worldwide. Note that if you’re renting a car for personal reasons in the U.S. and happen to have your own auto insurance, this included benefit is treated as secondary insurance after your main provider’s coverage.

Other perks: You’ll also receive additional benefits such as roadside dispatch service, travel and emergency assistance, and trip cancellation and interruption insurance. Other perks include purchase and extended warranty protection and cell phone protection when you use the card to pay your monthly phone bill.

What Countries Are Not Covered By The Sapphire Preferred Rental Car Insurance

The benefit is available in the United States and most foreign countries. You should be aware that regulations abroad could vary, so its recommended that you check with your rental car company and Benefit Administrator to verify your coverage before you travel.

  • You can call 1-888-675-1461 with your inquiries.

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Capital One Venture X Rewards Credit Card

The Capital One Venture X Rewards Credit Card offers 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening. This bonus is worth at least $1,275 in travel and significantly more if you know the best ways to use Capital One miles.

The Capital One Venture X Rewards Credit Card is another rewards-earning monster when it comes to car rentals. Not only will you receive primary rental car insurance, but you’ll earn 10 miles per dollar on rental cars booked through Capital One Travel.

The card also earns:

  • 10 miles per dollar when booking on Turo
  • 10 miles per dollar on hotels booked through Capital One Travel
  • 5 miles per dollar on flights booked through Capital One Travel
  • 2 miles per dollar on all other purchases

This card incurs a $395 annual fee and comes with valuable travel benefits such as:

Who Is Covered By The Sapphire Preferred Rental Car Insurance

Credit Card Rental Car Insurance Chase Sapphire
  • Additional drivers permitted by the rental agreement

Its always important to add your travel partner as a driver if theyre going to ever get behind the wheel. Thats because they wont be covered unless their name is listed in the rental agreement.

Note: Some rental car companies like Avis will allow you to add a spouse for free but this could differ in countries outside the US.

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Reaping The Benefits Of Chase Sapphire Rental Car Insurance

The benefits of having Chase Sapphire rental car insurance are numerous, and they come at no cost to you with the Chase Sapphire Reserve or Chase Sapphire Preferred cards. Whether in the U.S. or abroad, you can take advantage of the insurance options they offer without going through your personal car insurance company.

Although you get better coverage and slightly more options with the Chase Sapphire Reserve, it boils down to your needs, rental frequency and lifestyle. And for the value that either card brings to the table, you receive far more than you pay through the multiple perks and discounts, not just car rental insurance.

Is It Legal To Drive A Rental Car Without Insurance

In most circumstances, you can drive a rental car without any proof of insurance. The rental car provider insures each car to at least the states minimum insurance requirements. Those minimums, however, may be relatively low depending on the state where you are visiting or renting a car.

If you do not use a credit card that includes rental car insurance and your personal car insurance does not cover you, your rental agreement states that you are responsible for any damage you cause while renting the vehicle. Damage to the rental car, liability for damage to other cars, people, or property, and any other losses to the rental car company will all be billed to you. Hence, getting rental car insurance coverage is always a good idea.

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What Does Credit Card Rental Car Insurance Cover

Several other factors can influence your credit card rental car insurance coverage, including:

  • Vehicle type: Exotic cars, antique cars, cargo vans, and limousines may not have the same level of coverage as an economy car or a conventional SUV.
  • Location: Some card issuers may deny coverage in certain countries.
  • Duration: Most cards may only offer for a limited period, often between two weeks and a month.

Consult your credit card provider to find out what is and isnt covered by your credit card rental car insurance policy.

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Top Car Rental Credit Cards Of 2022

SPG Amex or Sapphire Preferred for Rental Cars?

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If youre searching for a credit card for renting a car, the ideal card includes rental car protection, the ability to earn rewards on your reservation, and includes additional car rental perks.

Rental car insurance costs can really add up. Those daily charges can be as much as the rental car in some cases. Finding a credit card with rental car protection benefits is so important because it can eliminate those fees, while still protecting your vehicle in case of damage or theft.

To make it easier for you, we researched the cards available through ValuePenguin, as well as top cards offered by major issuers to pinpoint some of the best options for renting a car. Here are our top picks based on benefits and insurance policies.

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Primary Rental Car Collision Damage Waiver

The primary auto rental collision damage waiver is the best-known Chase Sapphire Reserve car rental benefit and one of the many Chase Sapphire Reserve perks.

You must decline the rental car agencys collision damage waiver or loss damage waiver. Doing so means Chase covers up to $75,000 in collision and theft-related damages. This benefit applies to most car rentals in the United States and abroad. However, the rental period must also be 31 days or less.

Because this is primary coverage, you can report the incident to Chase first to begin the claims process. This means you may not have to file a claim with your regular auto insurance provider and potentially raise your future policy premium.

When To Contact A Chase Benefit Administrator

Besides filing a claim with Chase there are a few things you may want to clarify before renting a car. Here is when you should contact a Chase Benefit Administrator.

  • If you’re renting a car outside of the United States and you are unsure if your vehicle will be covered in that country.
  • If you’re interested in renting a more expensive vehicle or a vehicle outside of the norm make sure to double-check if it will be covered before you waive the insurance from the rental company.
  • Immediately after an accident to get instructions on what will be needed to file a claim.

Chase Sapphire Benefit Phone Number: 1-888-320-9961

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How Long Does It Take To Process A Rental Car Claim

Generally, the claim will be paid within fifteen days after the Auto Rental CDW Benefit Administrator has received all documentation needed to fully substantiate your claim.

Note that working with car rental companies can be a major PIA some times so you could find yourself attempting to resolve your claim for months. Just be prepared to be a bit aggressive to make sure that things get taken care of for processing your claim.

Ink Business Preferred Credit Card

AMEX Gold vs Chase Sapphire Reserve Calculator

The Auto Rental CDW on the Ink Preferred is primary coverage when renting for business purposes, meaning you do not need to file a claim with any other insurer before claiming under the card benefit, and secondary for private rentals. You must decline the rental companys insurance and pay for the full cost of the rental on your Ink Preferred for coverage to be in effect. So, when youre renting for work, use this card. When youre renting a car for personal reasons, use your Sapphire Preferred or Sapphire Reserve.

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Drilling Into Chase’s Auto Rental Collision Damage Waiver

It’s time to get technical.

This primary coverage from Chase Sapphire cards replaces the typical collision damage waivers or loss damage waivers that car rental companies are required to offer.

These policies will provide reimbursement for damage due to collision or theft on a rental car. So if you get into an accident, it will cover the costs of any damage up to the cash value of the vehicle. But from car rental companies, it costs $10 to $30 a day. That can add up fast if you’re traveling for more than a day or two.

This is why Chase’s rental car coverage is so valuable. It means you can decline the car rental’s add-on policy and still be covered. And you get it not just in the U.S., but internationally with any car rental.

Just note that this is not liability insurance. It will not cover medical bills, damage to another vehicle, or damage to property.

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