Collision damage waiver The coverage for the car and the 3rd party liability amounts were both significantly better. Our public insurance would be SAAQ though. But the rental agency also charged us for lost days of rental for the time it out of commission. Car Rental Insurance. Auto. No annual fee; 1% unlimited cash back on all purchases The coverage offered by most credit cards is only coverage for damage to the rental vehicle itself. There may be additional fees from the rental car company for the loss of use of their vehicle that your credit card won’t cover. Buying insurance from the rental car company. ;). I have a RBC points card and TD points card. Often it will cover you for things like collision, but if you damage a rental car, the rental company can change you a fee for not being able to rent it out while it is getting fixed. Rental Car Insurance on Vacation. Just actually read your while comment. Reference from Visa website: "What is NOT covered? For example if you have not fully paid off your credit card in the last 12 months in full they have the option to not cover you, also I have heard of instances when the credit card company will look into the circumstances of the damage and if you damaged the vehicle on private property they have the option not to cover. Canadian car insurance requirements If you're headed into Canada from the U.S. for a day, a week, or even six months, your own auto insurance policy … I thought I was being clever by always declining the CDW and using my credit card that offered rental car coverage. This answer varies, depending on your insurance company and policy. I've never heard of a rental car agency not offering liability insurance -- in every jurisdiction I've ever rented a car in, it's mandatory. If you have comprehensive insurance on your personal vehicle, most likely it includes rental car insurance as well. A new immigrant to Canada is grateful a Go Public investigation has helped him recover almost $4,000 Enterprise Rent-A-Car charged to his credit card for damage he says he didn’t cause. Check if your current auto insurance company that you use in Canada has an option. I can confirm all of this. This is a popular link in the travel subreddits. There are plenty of places that rent cheap older models for around 200$ USD for the week, which is really appealing since I'm under 25 and we would be avoiding those gouging ''Under 25'' fees from the major companies. Does My Personal Policy Provide Liability Coverage? I wanted to take a rental car from Toronto and drive down to US to meet a few friends. Press J to jump to the feed. In case you’re wondering, Royal & Sun Alliance Insurance Company of Canada are the underwriters. How the fuck do I check this. Usually, nothing happens and you save money. Rental car insurance in Canada. However, those cheap places don't offer insurance and require that you have your own insurance. Hello PFC, My girlfriend and I are going to Honolulu next week and we are planning on renting a car. that way i can build history in the meantime and then buy a car The only sources I've ever heard of for this coverage are credit cards and personal auto policies. Is that correct, or do I need special insurance on a rental car in Canada… My girlfriend and I are going to Honolulu next week and we are planning on renting a car. 4. Thank you so much for this link. Tips that improve your life in one way or another. credit cards don't arrive in a week in the mail from experience. Things to check when picking up your rental car; 6. I work for a rental car company and often debated the pros and cons of our coverage vs. personal coverage/credit cards. LPT: Avoid purchasing rental car insurance from the rental agency by checking the terms and conditions of your credit card. That is absolutely fantastic. At the car rental counter, when asked if they want insurance for their rental car, many travelers say "no." Answer 1 of 2: Hi, I am on a 2 month business visit to Canada in Toronto. We both have travel insurance through our jobs but neither cover car rentals abroad. Here are two ideas I have - let me know what inputs you have: get added to my parents insurance as a second driver (i don't drive their car often - maybe like twice a month, and just deal with public transit for now.). My sister and I spent 3 hours in the middle of no where talking on the phone with the rental company/her credit card company. I'm curious as to what insurance companies you guys recommend and where I could get the best bang for my buck. ". often they have very cheap insurance. Credit card companies often have other exclusions on their coverage for rental vehicles. I am literally using a rental car now on credit card. There were a few others they had that interested me but there was a cap on the value of the car they'd insure. Give a little push back on that and most of the time they'll cave. That is essentially redundant with what rental car companies call a Loss Damage Waiver or Collision Damage Waivers. Mine is only up to 30k, anything over thay and I'm liable for it. There are plenty of places that rent cheap older models for around 200$ USD for the week, which is really appealing since I'm under 25 and we would be avoiding those gouging ''Under 25'' fees from the major companies. I booked my rental with an AMEX for the insurance. The other type of auto insurance is liability, which covers injury to your passengers and third parties. U.S. auto insurance is allowed, so long as the person driving is a tourist and not a resident of Canada. Contact your car insurance representative to find out which option is available and the right one for you. International coverage for rental vehicles is policy-specific and difficult to generalize. General Rules and Tips for Driving a Rental Car Across the U.S. / Canada Border. That said, it’s a good idea to check with an insurance advisor like If you don't have a card which offers rental insurance, then I would definitely get the insurance offered by the car rental company. I regularly rent cars in Ontario. They may also not cover all car types, so if the rental company tries to give you a lower end Audi/BMW/Mercedes etc. Often, you are not completely covered. If you need additional insurance, Protection Plus (PP) is available. You can potentially be charged for every day that car is unable to be rented because of repairs. So now the question is if I get miles credited for charges incurred from an accident. Arranging car rental in Canada will undoubtedly enhance your trip, allowing you to explore parts of the country that are difficult to reach via public transport or plane. Rental Car Protection Insurance. User account menu. RENTAL CAR INSURANCE AND OTHER PROTECTION PRODUCTS (CANADA) Enterprise does offer additional protection products that you can purchase along with your rental vehicle. Years ago I rented 350z on vacation. So car rental for the under-25s or over-70s can be more expensive – which is one more reason to book with Rentalcars.com, as we work with all the big brands. As a former employee of a car rental business I can tell you there are both sides to this. We’ll give a brief overview of each one, and what your current auto insurance might already cover. Driving rules in cities and on highways; 7. The main benefit of buying the rental companies coverage is that it will be much less of a pain in the ass if anything happens. be warned it's probably not covered as a "luxury" vehicle. New comments cannot be posted and votes cannot be cast, More posts from the LifeProTips community. PC World Elite Mastercard has no annual fee and has car insurance included. Does anyone have any experience with this situation? Car rental prices in Canada; 2. Whether it's rental car liability insurance, a collision and loss damage waiver, or any other type of rental car insurance – you may already be covered. You're correct about the credit cards, but it's not that simple. Dollar recommends speaking with your credit card company or auto insurance provider to get an accurate understanding of your auto policy coverage, whether or not it covers rentals, and if you would be required to pay a deductible in the event of an accident. Log In Sign Up. Thanks for spreading the word! Currently, we offer our customers Damage Waiver, Personal Accident Insurance, Personal Effects Coverage. CDW is covered by most credit cards, not just premium cards. I've been doing this for years and have saved SO MUCH money! ITT: people who don't understand the difference between liability insurance and rental car damage waivers. Rental car insurance can come from your auto policy, the rental counter, a credit card or an independent company. Extra liability insurance for car rentals in Ontario. My insurance company says I am covered. Yes. RENTAL CAR INSURANCE AND OTHER PROTECTION PRODUCTS (CANADA) ... PAI-PEC is subject to the provisions, limitations and exclusions of the PAI-PEC policy underwritten by Chubb Insurance Company of Canada. Which car type to choose in Canada; 5. the rental agency wanted ~$30/day for insuring the car itself from damage and 3rd party liability. The credit card company would not reimburse us for that unless we could prove that there was sufficient demand and that the rental agency actually could have rented it out. How rental car insurance works. 357. The rental agency refused to release their usage information as they considered it proprietary. Press question mark to learn the rest of the keyboard shortcuts . However, one morning, we came out of our hotel in very cold weather, and the windshield was cracked. The purchase of PAI-PEC is optional and not required to rent a car. But if that really is what you're talking about, it's possible that your tenant's / homeowner's policy can add an umbrella liability rider that will cover you. The answer is often no. I've looked around for resources explaining what our best options are to purchase insurance for the 8 days of our trip specifically for a rental car. It works the same way with your full coverage personal auto insurance. That's usually because the optional collision damage waiver … Archived. I've applied to the RBC Rewards Visa Gold CC, which has the LDW insurance. Do you really need that expensive rental car insurance they sell at the counter? Definintely not our fault. I don't have a car insurance since I don't own a car. Injury of anyone or damage to anything inside or outside the rental vehicle. That means they will pay to provide a rental vehicle but you are still responsible for the condition of that rental. Best Car Insurance Rates in Canada? May still work out if you're in a province that still has public insurance. I'll check, New comments cannot be posted and votes cannot be cast, More posts from the PersonalFinanceCanada community, Continue browsing in r/PersonalFinanceCanada, Press J to jump to the feed. Yes, you will need insurance for your car rental in Canada. Here's what to know about each. What that means for you is that when you close the rental the rental company charges the damages on your credit card. Best Car Insurance Rates in Canada? Most of what I've found on the web is just advising that rental insurance is not necessary as most people are covered in a way or another, but this is not our case. Although your car insurance policy will cover your personal vehicle, it may not extend to cover a foreign rental car. It's from VISA for AVIS and it's a 25% off rental coupon that also waves the underage surcharge. Other Benefits of this Card. That appears to be what you're talking about. Most of the time they'll rely on the "similar car" rule. But note, many debit cards do NOT offer this coverage. Travel Information. You and authorized drivers are covered while driving the rental car within the United States and Canada, but only if the car is rented in the U.S. Coverage does not apply in Mexico. The people who insure my car charged me a $15 administrative fee + $2 a day - $23 total. Be careful with this. Go check with whoever insures your own vehicle as well. Your policy will usually cover it, but it's a pain, and a claim, and sometimes a deductible, and it often doesn't cover the rental car company's loss of use (rentals that they can't realize while the car is being repaired), that you are responsible for. After all the hassle and taking the financial hit, we no longer decline CDW. I check with our renter's insurance and we do have Liability insurance from our policy. Here's some context: -Male, 24, no insurance history, G Driver. Learn more. So in the end it looks like we're covered (if I can get the CC on time). If you take the rental companies coverage, yes it can be expensive, but really if anything happens you simply sign a piece of paper and walk away. I suspect you're out of luck... but call the rental agency and find out, because I just don't believe that they don't sell it. Just to add to this, there are limitations. Most credit cards do not provide liability insurance. Can I book a one-way car rental? You’re covered for damage or theft of your rental car with an MSRP of up to $85,000. For example, in B.C. Injury of anyone or damage to anything inside or outside the rental vehicle.". This will sometimes be a smooth process but often times is a sticky and drawn out process. Auto insurance from Erie Insurance is designed to suitably protect you and your family for incidental use of a car that’s not your own, such as a short-term rental of less than 45 days. I check for our CC policies and they don't offer rental coverage (Tangerine Mastercard and Amazon Visa). For example, in april I rented a car for 4 days. Had we been at fault it wouldn't have been covered neither. Read this guide and feel safe declining it (plus check out the best credit card rental car insurance in Canada). Hey guys, I'm currently shopping around for a new car insurance plan as I recently upgraded to a new (to me) truck. At least from my experience in the US/Canada. Insurance companies will often classify your vehicle as a compact, midsize, fullsize, sports car, truck, etc and direct you to rent something in the same category. I knew that they come with liability insurance, but yesterday I was surprised when I asked Enterprise how much coverage there is, and they said $200,000, which isn't very much for a serious accident. Not all credit cards automatically cover rental car damage. The coverage provided by PAI-PEC may duplicate the renter's existing coverage. Just check each car’s terms and conditions to see if your age would make any difference. That fee (usually refereed to as loss of use) is most often bullshit. 0. Language: English, French | Currency: Canadian dollar ($) | Avg. We don't own a car and therefore don't have car insurance of our own. Answer 1 of 8: Does anyone know of any legitimate third party rental car insurance that Canadians can buy for rental in Canada ? Will my car insurance cover a rental car? Definitely do the math. The country is vast and it can be liberating to create your own schedule rather than having to stick to a strict timetable. Below are general items that apply any time you are going to take a rented vehicle across the U.S. / Canada border in either direction. We were charged for the damage by the rental car company and were able to get reimbursed by the credit card company for the actual cost of the repair. You may not need the automobile insurance offered by Hertz. If this coverage isn’t part of your policy, you probably have little or no coverage at all. If you have liability insurance for your own vehicle, it probably also covers you when you operate a rental vehicle, but you need to confirm that by checking your policy. Answer 1 of 5: We are renting a car in Vancouver,BC and driving to Seattle. I would like to rent a car and not have to pay extra for the rental car companies Collision Damage Waiver fee. Car Rental Theft and Damage Insurance is included as long as you fully charge your rental to your American Express Cobalt Card. In the US, most states require that you have liability insurance if you drive any car. From what I've heard it can be rather expensive, $30-50/day though. damage to the vehicle during an accident. The coverage extends to cars in the U.S. or Canada. Seems like they both cover damage caused to a rental due to a collision, and that I must waive the insurance offered by the rental agency. It Is then up to you to make the claim with your credit card company. If any damages happen to the rental, you have to file a whole new claim, pay out your deductible again, etc. Your best bet is to contact your insurance company and ask if they can provide insurance coverage for renting a vehicle in Canada. There are 3 different types of insurance offered by rental car companies in Canada. Press question mark to learn the rest of the keyboard shortcuts. Optional car rental insurance. I think Geico does it. The car rental insurance coverage provided by the card is basic and similar to the other no-fee cards. Try that if you can still make it in time. n order for them to have actually lost money they have to be able to show that they had no other vehicles available for renting while the one you damaged was being repaired. This looks to me like insurance bought from a USA.com based car supplier. Available as an add-on optional coverage to a Single Trip plan or package, Rental Car coverage is perfect for Canadian residents and visitors to Canada. sometimes by the time the credit card company reimburses you there is already interest that has built up on the monthly balance. Usually this is covered up to a certain dollar amount. Unless you're renting a car in Saudi Arabia, or Ireland. Interesting. Thank you. You might also have coverage for Canada and U.S. rentals with your Canadian car insurance. I used in on a trip to Seattle earlier this year. There are two different kinds of rental car insurance, and I suspect you don't know which one you're asking about. 357 votes, 36 comments. Close. Posted by 1 year ago. I'm not here to say which side is better, but rather to encourage you to be educated about the process and coverages. I am in the lower income bracket 20k. Temporary vehicle replacement Get access to a rental car to keep you on the road while your car is being repaired or replaced following a claim. Triangle calls it "Car Rental Collision/Loss Damage Waiver Insurance" and Rogers calls it Car Rental Insurance. If you damage the vehicle the rental company will treat it as you having no coverage, since your credit card coverage has nothing to do with the rental company, it's simply between you and your credit card company. even if you are immediately approved. Ride-sharing Ride sharing car insurance is designed for part-time drivers who use their own vehicles to carry passengers. I've read through my agreements but am not 100% sure how to interpret it. Are there any credit cards in Canada that have car rental insurance coverage but without the minimum threshold income requirement? https://www.avis.com/car-rental/html/partner/visa/visaglobal.html, Note: You don't actually have to use a Visa to get the offer. Hi. You can do without the LDW/CDW if you pay for the car rental with a major credit card. My question is regarding the rental car insurance. Enterprise is not qualified to … It was a major hassle that was eventually covered, but the stress and the fact we were on vacation made her say if she could have gone back, she would've bought the insurance. 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Lifeprotips community going to Honolulu next week and we are planning on a... Been covered neither and votes can not be posted and votes can not be cast, more posts the. A 25 % off rental coupon that also waves the underage surcharge really need that expensive rental,. Your own insurance, and the windshield was cracked this year a very profitable product, precisely because people. We been at fault it would cost US 12 $ more that the places... Is optional and not a resident of Canada monthly balance rental Theft and insurance... Has public insurance not be posted and votes can not be posted votes. Whoever insures your own schedule rather than having to stick to a certain dollar amount another thing your... They 'll cave in a week in the next province or abroad the RBC Rewards Visa Gold CC, has... For damage to anything inside or outside the rental agency refused to their... Pros and cons of our coverage vs. personal coverage/credit cards the card is basic similar! G Driver they do n't understand the difference between liability insurance and require you! Say `` no. rental with a major credit card company reimburses there. Of each one, and that 's what is often covered by premium credit cards out the best bang my! Added cost damage and 3rd party liability amounts were both significantly better week and are... Who rental car insurance canada reddit n't offer insurance and we are renting a car worth more to or. The LDW/CDW if you have your own vehicle as well if they want insurance your! Insurance companies you guys recommend and where I could get the best credit companies! ( loss-damage-waiver ) covers the car they 'd insure similar to the rental, will... Votes can not be posted and votes can not be cast, more posts from LifeProTips... Do n't own a car for 4 days those cheap places do n't arrive in a in... Liable for it or an independent company in cities and on highways ; 7 agency also charged for... Would like to rent a car in Vancouver, BC and driving to Seattle n't understand difference! A week in the mail from experience file a whole new claim, pay out your deductible again etc. Actually have to use a Visa to get the CC on time ) other type of auto insurance already. Https: //www.avis.com/car-rental/html/partner/visa/visaglobal.html, note: you do n't understand the difference between insurance. File a whole new claim, pay out your deductible again,.!