You just landed at the airport, ready to start your beach vacation. You can’t wait to change your sweaty clothes for a swimsuit. So you head to the car rental agency to grab your car and be on your way. But first, you must make a series of important decisions that you feel completely ill-equipped to make. Do you want collision coverage on the car? What about liability insurance? Seems expensive. But the agent swears you’d be crazy not to purchase the coverage he’s selling.
Your eyes begin to glaze over. You quickly initial here, here, and there. Depending on your decision, you either just forked over a bunch of cash or waived coverage. Either way, one thing is likely: you don’t have good reasons for the decision you made.
I know, because I’m right there with you. Or at least I was until last week.
Over the past week, I’ve done a bunch of research to try to answer the question: When renting a car, should I buy rental car insurance?
Following is the fruit of my research. It will shape whether I accept or decline rental car insurance moving forward. (more…)