Costco Car Rental Insurance: What You Need to Know

If you’re planning a trip and need to rent a car, you may be wondering if you need rental car insurance. One option you may consider is purchasing rental car insurance through Costco. In this article, we’ll discuss what Costco car rental insurance covers, how much it costs, and whether it’s a good option for you.

What is Costco Car Rental Insurance?

Costco car rental insurance is a service offered to Costco members that provides additional insurance coverage when renting a car. It is not an insurance policy, but rather a package of benefits that can be added to your rental reservation. The coverage is provided by Avis, Budget, and Enterprise, and includes liability, collision, and theft protection.

Liability Protection

Liability protection is included in the Costco car rental insurance package and provides coverage in the event you are responsible for damages or injuries to others while driving the rental car. This coverage is typically required by law and can help protect you from financial liability in the event of an accident.

Collision Protection

Collision protection is also included in the Costco car rental insurance package and provides coverage for damage to the rental car resulting from a collision or other accident. This coverage can help protect you from having to pay for damages out of pocket.

Theft Protection

Theft protection is the final component of the Costco car rental insurance package and provides coverage in the event the rental car is stolen. This coverage can help protect you from having to pay for the full value of the car in the event it is not recovered.

How Much Does Costco Car Rental Insurance Cost?

The cost of Costco car rental insurance varies depending on a number of factors, including the rental car company, the location of the rental, the length of rental, and the type of vehicle being rented. Generally, the cost is around $10 per day, but this can vary considerably.

Costco Executive Members

If you are a Costco Executive Member, you may be eligible for additional benefits when purchasing Costco car rental insurance. These benefits can include additional coverage and discounts on the cost of the insurance.

Using a Costco Visa Card

If you use your Costco Visa Card to pay for your rental car, you may also be eligible for additional benefits through the card, including primary auto rental collision damage waiver coverage. This coverage can provide additional protection in the event of an accident or other incident.

Is Costco Car Rental Insurance a Good Option?

Whether Costco car rental insurance is a good option for you depends on a number of factors, including your personal insurance coverage, the cost of the rental car, and the level of protection you want. Here are a few things to consider when deciding whether to purchase Costco car rental insurance:

Personal Insurance Coverage

Your personal auto insurance policy may already provide coverage for rental cars. Before purchasing additional coverage, check with your insurance company to see what is already included in your policy.

Credit Card Coverage

Your credit card may also provide coverage for rental cars. Check with your credit card company to see what type of coverage is included and what limitations may apply.

Rental Car Company Coverage

The rental car company may also offer its own insurance coverage options. Be sure to ask about these options and compare the cost and coverage to those provided by Costco car rental insurance.

Cost of Rental Car

The cost of the rental car may also affect whether you choose to purchase additional insurance coverage. If the rental car is inexpensive and you have adequate personal insurance coverage, you may feel comfortable declining additional coverage.

FAQ

Question
Answer
Who is eligible for Costco car rental insurance?
Costco members are eligible for Costco car rental insurance.
What does Costco car rental insurance cover?
Costco car rental insurance covers liability, collision, and theft protection.
How much does Costco car rental insurance cost?
The cost of Costco car rental insurance varies depending on a number of factors, but is generally around $10 per day.
Is Costco car rental insurance a good option?
Whether Costco car rental insurance is a good option for you depends on a number of factors, including your personal insurance coverage, the cost of the rental car, and the level of protection you want.
What other coverage options should I consider when renting a car?
You should consider your personal auto insurance policy, credit card coverage, and coverage options offered by the rental car company.

Conclusion

If you’re considering renting a car for an upcoming trip, it’s important to understand your insurance coverage options. Costco car rental insurance can provide additional protection, but may not be necessary if you already have sufficient personal insurance coverage or if the cost of the rental car is low. Be sure to compare the cost and coverage of all options before making a decision.