For those of us that travel and drive often, rental car insurance is a pretty big concern. You hit the road with a car that you have never driven before, and drive hundreds of miles a day to see the Grand Canyon, the Yosemite, the Hoover Dam,….
Accidents are a real risk, and can ruin your trip, especially when you are thousands of miles away from home in unfamiliar territory. Rental car agencies understand the fear, and sell product that insures you against rental car accidents. Added together, these insurance products can be more costly than the cost of renting the car itself.
One of the most popular insurance products for rental cars is collision damage waiver, a policy that releases you from the liability for any damage taken on the car during the rental period. This service usually costs around $15 plus tax a day. It’s really not a bad idea to pay $15 a day for the peace of mind. But if you travel a lot, it adds up quickly.