Everything You Need to Know About Costco Rental Car Insurance

If you are planning to rent a car, you might be wondering whether you need rental car insurance. You may also be wondering whether Costco rental car insurance is the right option for you. In this comprehensive guide, we will explore everything you need to know about Costco rental car insurance to help you make an informed decision.

What is Costco Rental Car Insurance?

Costco rental car insurance is an insurance product offered by Costco to its members. The insurance covers the cost of rental cars that are damaged, stolen, or involved in an accident. It is important to note that this insurance is not a standalone policy. Instead, it is offered as an add-on to your existing car insurance policy.

As a Costco member, you can purchase rental car insurance at discounted rates. The insurance is underwritten by a third-party insurance company and is available to Costco members in the United States and Canada.

What Does Costco Rental Car Insurance Cover?

Costco rental car insurance covers the following:

What is Covered	What is Not Covered
Collision Damage Waiver	Punitive Damages
Theft Protection	Injuries to the Renter or Passengers
Liability Insurance	Intentional or Criminal Acts

The collision damage waiver covers the cost of damage to the rental car if it is involved in an accident. The theft protection covers the cost of the rental car if it is stolen. The liability insurance covers any damage or injuries that you cause to other people or property while driving the rental car.

It is important to note that Costco rental car insurance does not cover injuries to you or your passengers. It also does not cover intentional or criminal acts.

How Much Does Costco Rental Car Insurance Cost?

The cost of Costco rental car insurance depends on various factors, including the type of car you are renting, the duration of your rental, and the state or province you are renting the car in. However, as a Costco member, you can expect to pay discounted rates compared to the rates offered by other rental car companies. Prices may vary, but it typically costs around $10 per day.

Do I Need Costco Rental Car Insurance?

Whether or not you need Costco rental car insurance depends on several factors:

• The level of coverage provided by your existing car insurance policy
• The terms of your rental car agreement
• Your personal preferences and risk tolerance

Is Rental Car Insurance Required By Law?

No, rental car insurance is not required by law. However, rental car companies typically require customers to have some form of insurance coverage before renting a car.

If you have a comprehensive car insurance policy or a credit card that offers rental car insurance, you may not need to purchase additional rental car insurance. However, it is essential to check with your car insurance provider or credit card issuer before renting a car to understand what coverage you have and what you need.

What Are the Benefits of Costco Rental Car Insurance?

Here are some benefits of Costco rental car insurance:

• Discounted rates for Costco members
• Comprehensive coverage that includes collision damage waiver, theft protection, and liability insurance
• No deductible if your rental car is damaged or stolen

What Are the Drawbacks of Costco Rental Car Insurance?

Here are some drawbacks of Costco rental car insurance:

• Not available to non-Costco members
• Not a standalone policy – it is only available as an add-on to your existing car insurance policy
• Does not cover injuries to you or your passengers

How to Purchase Costco Rental Car Insurance

If you want to purchase Costco rental car insurance, you can do so online or by calling Costco Travel at 1-877-849-2730. You will need to provide your Costco membership number, rental car reservation details, and your existing car insurance policy information.

It is essential to purchase Costco rental car insurance before you pick up your rental car.

Conclusion

Costco rental car insurance offers discounted rates to Costco members and comprehensive coverage that includes collision damage waiver, theft protection, and liability insurance. However, it is not a standalone policy and does not cover injuries to you or your passengers.

Before you purchase Costco rental car insurance, it is essential to understand the terms of your rental car agreement and the coverage provided by your existing car insurance policy or credit card. If you have any questions, you can call Costco Travel or consult with your insurance provider or credit card issuer.

1. Costco rental car insurance is an insurance product offered to Costco members.
2. It is available in the United States and Canada.
3. Costco rental car insurance covers collision damage waiver, theft protection, and liability insurance.
4. Costco rental car insurance does not cover injuries to you or your passengers or intentional or criminal acts.
5. Whether or not you need rental car insurance depends on several factors.

FAQ

What is Costco Rental Car Insurance?

Costco rental car insurance is an insurance product offered by Costco to its members that covers the cost of rental cars that are damaged, stolen, or involved in an accident. It is offered as an add-on to your existing car insurance policy.

How much does Costco Rental Car Insurance cost?

The cost of Costco rental car insurance depends on various factors, but as a Costco member, you can expect to pay discounted rates compared to the rates offered by other rental car companies. It typically costs around $10 per day.

Do I need Costco Rental Car Insurance?

Whether or not you need Costco rental car insurance depends on several factors, including the level of coverage provided by your existing car insurance policy, the terms of your rental car agreement, and your personal preferences and risk tolerance.

What are the benefits of Costco Rental Car Insurance?

Some benefits of Costco rental car insurance include discounted rates for Costco members, comprehensive coverage that includes collision damage waiver, theft protection, and liability insurance, and no deductible if your rental car is damaged or stolen.