Should You Get Optional Insurance When Renting a Car?

Is Buying a Former Rental Car Worth It?

If you’ve ever rented a car, then you know that the rental company will offer optional insurance with your rental agreement. But should you take it?

That is the question that this blog post will answer. We’ll look into three different options for renting a car and provide insight into which option may be right for your situation.

Canadas cheapest SUVs to insure chart
Canada’s cheapest SUVs to insure – chart

Option 1: Use Your Own Car Insurance Policy

If you already have car insurance, check to see if it covers rentals. Chances are, if you have comprehensive coverage, it might cover everything except liability and personal injury protection.

So if damage occurs to the rental car while in your possession, your existing car insurance can cover those costs – provided that the rental period does not exceed 30 days.

Option 2: Use a Credit Card

Some credit cards offer free collision and theft coverage when renting cars with their card – but only if you decline any additional insurance from the rental company. The benefit of using a credit card to pay for additional coverage is that it’s usually cheaper than what the rental company offers.

There are no restrictions on time or distance limits (unlike most of the optional policies offered by rental companies).

Plus, some credit cards even offer extra benefits such as roadside assistance or extended warranties – so be sure to ask about them when signing up for a new card.

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Option 3: Get an Additional Policy from the Rental Company

If neither of these options are available to you, then getting an additional policy from the rental company might be your best bet. These policies usually provide more comprehensive coverage than what is offered by a credit card and they also come with no limits on time or distance travelled while in possession of the vehicle.

Of course, these policies tend to cost more than other forms of coverage but they often include extras like roadside assistance and accident forgiveness which can make them worth the extra cost in certain situations.


As you can see, there are several options available when it comes to deciding whether or not to get additional insurance when renting a car. Each option has its own pros and cons so be sure to do your research before deciding so that you can get the best deal possible.

Ultimately, it’s up to you to decide which option is best for your situation—but whatever choice you make should take into account both cost and value to ensure that your trip goes as smoothly as possible!