Rental Car Insurance with Geico

Renting a car for a trip or a business meeting is convenient and can save you a lot of time and hassle. However, it’s important that you have adequate insurance coverage in case of an accident or damage to the vehicle. Geico is one of the largest car insurance companies in the United States, and they offer rental car insurance as well. In this article, we’ll explore Geico’s rental car insurance, its coverage, benefits, and costs.

What is Geico’s rental car insurance?

Geico’s rental car insurance is an optional coverage that you can add to your existing auto insurance policy. It provides protection for you and your rental car in case of an accident, theft, or damage. If you don’t have rental car coverage, you may have to pay out of pocket for the damages, which can be very expensive. Geico’s rental car insurance can give you peace of mind and help you avoid the stress and financial burden of dealing with car rental companies.

What does Geico’s rental car insurance cover?

Geico’s rental car insurance covers the following:

Coverage
Description
Collision Damage Waiver (CDW)
Covers the cost of repairs or replacement of the rental car if it’s damaged or stolen.
Liability Insurance
Covers you in case you damage someone else’s property or injure someone in an accident.
Personal Accident Insurance (PAI)
Covers medical expenses and accidental death benefits for you and your passengers in case of an accident.
Personal Effects Coverage
Covers loss or damage to your personal belongings in the rental car.

It’s important to note that Geico’s rental car insurance does not cover everything. For example, it doesn’t cover damage to other cars or property in case of an accident. Also, it may not cover certain types of vehicles, such as luxury cars, motorcycles, or RVs. Make sure you read the policy carefully and understand what is and is not covered.

How much does Geico’s rental car insurance cost?

The cost of Geico’s rental car insurance depends on various factors, such as your location, driving record, and the type of vehicle you’re renting. Generally, Geico’s rental car insurance costs around $9-$15 per day. However, if you rent a car for an extended period of time, it may be more cost-effective to purchase a separate policy from a third-party provider.

What are the benefits of Geico’s rental car insurance?

Here are some of the benefits of Geico’s rental car insurance:

  • Easy to add to your existing auto insurance policy
  • Provides peace of mind and protection in case of an accident or damage
  • Covers a wide range of situations, including collision, theft, and personal injury
  • Offers competitive pricing and flexible payment options

FAQs:

Do I need rental car insurance?

It depends on your auto insurance policy and the type of rental car you’re getting. If you have comprehensive and collision coverage on your own car, you may not need rental car insurance. However, if you don’t have adequate coverage or if you’re renting a high-value car, it’s a good idea to get rental car insurance.

Does Geico’s rental car insurance cover all rental cars?

No, Geico’s rental car insurance may not cover certain types of vehicles, such as luxury cars, sports cars, or RVs. Make sure you read the policy carefully and understand what is and is not covered.

Can I cancel my rental car insurance?

Yes, you can cancel your rental car insurance at any time by contacting Geico. However, you may not be eligible for a refund, depending on the terms and conditions of your policy.

Is rental car insurance mandatory?

No, rental car insurance is not mandatory, but it’s highly recommended. If you have an accident or damage the rental car, you may be liable for the full cost of repairs or replacement without insurance coverage.

What should I do if I have an accident in a rental car?

If you have an accident in a rental car, follow these steps:

  1. Make sure you and your passengers are safe and call 911 if necessary
  2. Contact the rental car company and inform them of the accident
  3. Contact your insurance company and provide them with the necessary information
  4. Take photos of the damage and exchange information with the other driver if applicable
  5. File a police report if necessary

Conclusion

Renting a car can be a great way to travel or commute, but it’s important that you have adequate insurance coverage in case of an accident or damage. Geico’s rental car insurance can give you peace of mind and protect you from financial losses. Make sure you read the policy carefully and understand what is and is not covered.