Having primary rental car insurance can save you time, money, and stress — here are the top credit cards that offer it

Rental Car Companies At Seattle-Tacoma International Airport

  • While secondary car rental insurance is a nice credit card
    benefit, primary insurance is even better. It’s available on the

    Chase Sapphire Preferred Card
    , the
    United Explorer Card
    , and several other cards. 
  • Primary insurance steps in to cover damage or theft of a rental
    car without you having to file a claim through your personal auto
    insurance policy.
  • This saves renters in both the short and long term, because
    filing through your own insurance has the risk of raising your
    premium.
  • It’s important to remember that primary car rental insurance
    usually covers loss and damage, but not always liability. Always
    make sure to read the terms and conditions so you’re aware of any
    limitations.

Many people already know that they have some kind of rental car
coverage on
at least one of their credit cards
. Rental car insurance is a
great benefit because it can save users significant money in the
case of an accident, damage, or theft to the rental car. But most
people don’t know that there are two types of car rental insurance
— the details live where easily overlooked information always
does: in the fine print.

Primary vs secondary car rental insurance

There are, in fact, two kinds of rental car insurance that come
with many popular rewards
credit cards
.

The first, and most common, is secondary insurance. Like its
name suggests, secondary rental car insurance offers coverage
benefits, but it’s only secondary to your personal auto insurance
policy. Many of these benefits allow you to decline the Collision
Damage Waiver (CDW) and/or the Loss Damage Waiver (LDW). Doing so
saves you about $10-$35 in charges tacked on to the cost of the
rental.

While secondary car rental insurance is great, it is limited. In
the event of damage or theft, car renters still have to file a
claim through their personal auto insurance policy, and the
secondary insurance is there to cover a portion of leftover costs.
So, although this is a nice perk, it doesn’t ease the sting of auto
insurance premiums rising, which can happen depending on your
policy. If this were to happen, you would probably wish you just
opted for the CDW and LDW from the start.

That’s why it’s ideal to have a credit card with primary car
rental insurance. Primary car rental insurance is the gold standard
of car rental benefits, and it’s available on many credit cards.
Primary car rental insurance means that coverage for loss or damage
will be taken care of by the credit card company, without you
having to make a claim with your personal policy. In the long run,
this could save a car renter significantly on both CDW and LDW, and
it could help avoid raising premiums on their personal auto
policy.

What to keep in mind when using a credit card with primary car
rental insurance

There are some important things to remember to get the most out
of your credit card’s car rental insurance benefits. For starters,
you must pay for the entire transaction with the credit card you’d
be filing the insurance under. Some cards even require that renters
are booking the entire trip on the card, so read the fine print
carefully.

Second, check to see whether this primary insurance includes
liability, or damage to other cars, damage of personal property,
personal bodily injury, and injury to other persons. It is
definitely important to check on that one.

Third, check for not-so-obvious limitations on coverage. For
example, if you’re traveling between countries, you will need to
know if the coverage extend to those areas.

In addition, some primary insurance benefits have limited rental
periods, so check how long your coverage lasts.

Perhaps the most unexpected limitation is on the type of car.
Before assuming you’re covered, check to see if your car has any
constraints on make and model.

Top credit cards that offer primary car rental insurance


Chase Sapphire Preferred
This is a great travel
rewards card with a reasonable annual fee of $95. It earns 2 points
per dollar on travel and dining purchases, and 1 point per dollar
on everything else. It’s currently offering a sign-up bonus of
60,000 Chase Ultimate Rewards points after you spend $4,000 in the
first three months.


Chase Sapphire Reserve
This is the more premium
sibling of the Sapphire Preferred Card. It has a $450 annual fee
and includes high-end benefits like a $300 annual travel credit, a
Priority Pass Select membership for airport lounge access and 3x
points earnings on travel and dining (excluding the $300 travel
credit). It’s offering a sign-up bonus of 50,000 points after you
spend $4,000 in the first three months.


United Explorer Card
If you travel with United a
few times a year, this
card can be worth it
thanks to benefits like a free checked bag
and access to additional saver-level award space. It’s offering a
sign-up bonus of 40,000 United miles after you spend $2,000 in the
first three months, and it has a $95 annual fee that’s waived the
first year.


Ink Business Preferred Credit Card
This card has
one of the highest sign-up bonuses among Chase cards: 80,000 Chase
points after you spend $5,000 in the first three months. Chase’s
other Ink business credit cards, including the
Ink Business Unlimited Credit Card
and the
Ink Business Cash Credit Card
, also offer primary rental car
insurance. Just note that you need to be renting a car for business
purposes in order to receive the rental car coverage with these
business
credit cards
.

Once you know the important details of your trip, you can call
or chat with your credit card issuer to find out if you’re covered
with your card’s benefits. Remember to be clear about 1) where
you’re going, 2) what type of vehicle you are renting, and 3) how
long you plan to rent it.

Click
here to learn more about the best current credit card sign-up
offers.


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Source: FS – All-Travel destinations-News
Having primary rental car insurance can save you time, money, and stress — here are the top credit cards that offer it