Geico Car Rental Insurance – Everything You Need to Know

Car rental insurance can be a confusing subject for many people. Geico, one of the largest auto insurance providers in the United States, offers car rental insurance to its customers. In this article, we will explore Geico car rental insurance in detail, including what it is, how it works, what it covers, and much more.

What is Geico Car Rental Insurance?

Geico car rental insurance is a service offered by Geico to its customers who rent vehicles. It is an optional add-on to your existing auto insurance policy that provides coverage when you rent a car. Geico car rental insurance can be added when you purchase your Geico policy or added later on. It covers the cost of damages to the rental car, as well as liability coverage in case of an accident.

When you rent a car from a rental agency, you are required to purchase insurance from them. However, this insurance can be expensive and may not cover everything you need. Geico car rental insurance is a cost-effective alternative that provides the coverage you need at a lower cost.

How Does Geico Car Rental Insurance Work?

When you add Geico car rental insurance to your policy, it becomes effective immediately. If you need to rent a car, simply provide your insurance information to the rental agency. If you are involved in an accident while driving the rental car, Geico car rental insurance will cover the damages up to the limits of your policy.

If the rental car is stolen while in your possession, Geico car rental insurance will cover the cost of the car up to its actual cash value. You will be responsible for the deductible amount on your policy.

It is important to note that Geico car rental insurance does not cover personal belongings that are stolen from the rental car. However, your homeowners or renters insurance policy may cover these items.

What Does Geico Car Rental Insurance Cover?

Geico car rental insurance offers coverage for a variety of situations:

Coverage
Description
Collision Damage Waiver (CDW)
Covers damages to the rental car in case of an accident or collision.
Liability Coverage
Covers damages to another person’s property if you are at fault in an accident.
Personal Accident Insurance (PAI)
Covers medical expenses for you and your passengers in case of an accident.
Personal Effects Coverage (PEC)
Covers personal belongings that are stolen from the rental car.

It is important to note that Geico car rental insurance does not cover damages to the rental car due to driving on unpaved roads, reckless driving, or driving under the influence of drugs or alcohol.

How Much Does Geico Car Rental Insurance Cost?

The cost of Geico car rental insurance varies depending on several factors, including your location, the type of car you are renting, and the duration of the rental. On average, Geico car rental insurance costs about $9 per day.

It is important to compare the cost of Geico car rental insurance with the cost of insurance offered by the rental agency to determine which is the most cost-effective option for you.

FAQs

Is Geico car rental insurance required by law?

No, Geico car rental insurance is not required by law. However, most rental agencies require some form of insurance when you rent a car. Geico car rental insurance is a cost-effective alternative to the insurance offered by the rental agency.

Can I add Geico car rental insurance to my policy after I have already rented a car?

Yes, you can add Geico car rental insurance to your policy at any time. However, you will not be able to use it for the rental car you have already rented.

Does Geico car rental insurance cover me if I rent a car outside of the United States?

No, Geico car rental insurance does not cover rentals outside of the United States. If you are renting a car outside of the United States, you will need to purchase insurance from the rental agency.

Does Geico car rental insurance cover me if I rent a car for business purposes?

Geico car rental insurance does not cover rentals for business purposes. If you need to rent a car for business purposes, you will need to purchase insurance from the rental agency.

Can I use my Geico car rental insurance to rent a truck or SUV?

Geico car rental insurance only covers rental cars. If you need to rent a truck or SUV, you will need to purchase insurance from the rental agency.

Conclusion

Geico car rental insurance is a cost-effective alternative to the insurance offered by rental agencies. It provides coverage for damages to the rental car and liability coverage in case of an accident. Geico car rental insurance is easy to add to your policy and becomes effective immediately. When renting a car, it is important to compare the cost of Geico car rental insurance with the cost of insurance offered by the rental agency to determine which is the most cost-effective option for you.