Here's what you need to know about rental car insurance

The flight’s booked, the hotel too. Now for the big question: Do you rent a compact sedan or go big with a Mustang convertible? Make sure that your holiday is everything you want, and don’t forget to get peace of mind. If you are thinking about renting a vehicle for your next vacation, remember to purchase rental car insurance. Where can you get rental car insurance?

There are a few places to look, but beware: Not all coverage is the same.

Vehicle rental company

Rental car companies cover some damages with a Collision Damage Waiver. The waiver transfers responsibility for the damage to the auto rental company. However, there can be exclusions, so read the details carefully.

Your bank

Some credit card providers offer rental car insurance. However, there may be limitations or conditions. For example, your credit card provider may only cover rental vehicles from certain car rental companies. Therefore, it is best to call your bank to learn about the coverage conditions.

Auto insurance provider

Talk to your auto insurance provider, as you can request Legal Liability for Damage to Non-Owned Automobiles, which is an additional policy for vehicles you do not own and is only valid in Canada and the USA for up to 30 consecutive days.

CAA Travel Insurance

CAA Travel Insurance now offers Rental Vehicle Damage Insurance. Keep all your insurance in one place with CAA. Get coverage for physical damage or loss to a rented vehicle, along with associated costs. Plus, CAA Members save up to 20%¹ on rental vehicle damage insurance.

Getting rental vehicle damage insurance online is easy when you book your car rental through CAA. Visit a CAA Store or speak with a CAA Travel Consultant.

CAA Travel Insurance, an Orion Travel Insurance product, is underwritten by Echelon Insurance. Certain exclusions, limitations and restrictions apply. A Medical Questionnaire is required if you are 60 years of age and older. Quotes are valid for 30 days.

1. Applies to CAA Members in good standing (CAA Membership dues paid in full by Membership expiry date). Up to twenty percent (20%) savings applies to the total premium excluding applicable taxes. Minimum premium applies. Subject to change without notice. Excludes Visitors to Canada Insurance. CAA Everyday, Classic®, and Plus® Members save 10%. CAA Premier® Members save 20% at CAA Stores or by calling 1-800-705-8713. CAA Premier Members save 10% and earn 10% in CAA Dollars® when booking online.

®CAA trademarks are owned by, and use is authorized by, the Canadian Automobile Association.