Buying rental car insurance is usually very straightforward. There are three main options to look into. The first is buying insurance that includes rental cars. The second is buying rental car insurance from the rental car agency. The third is to buy rental car insurance from a third party. Each costs different and covers different aspects of the car such as accidents, damages or a combination of both. Depending on what the purchaser of the insurance needs, each of these options may have different costs.

Personal Vehicle Insurance – This option is most often used by those who have their own vehicle and plan on traveling with rental cars often. This means that the rental cars will be covered by their existing insurance plan and can easily offer a nice coverage option. These coverage options are very broad but may not cover loss of the vehicle.

Rental Car Insurance – Insurance from the rental car agency is often overpriced, but they do offer damage and loss waivers which can be a great deal if you do get into a loss or damage of the vehicle. Rental insurance from the rental company simply provides the peace of mind that you are covered in the event of an accident while riding in the rental vehicle. Several companies offer discounts on insurance when you rent for longer periods of time.

Third Party Vehicle Insurance – Some people need rental car insurance that is not offered when traveling out of the country or doing riskier activities with the rental car. This can be purchased by third party insurance services which offer insurance for whatever is needed. These can be the most expensive insurance options to purchase for rental car but offers the most coverage in the event that something did happen to the vehicle.