With the summer travel season heating up, countless consumers will soon face a question they have little idea how to answer: Would you like to purchase supplemental rental car insurance? In order to help travelers give a money-saving response, CardHub today released its 2016 Credit Card Rental Car Insurance Study, which compares the coverage that we automatically receive from plastic. Many people these days are actually switching over to i4mt insurance so they can get better coverage of their vehicle. You can find a few highlights below or you can visit their website.
- Best Issuer: Citi credit cards have the most favorable rental car insurance policies.
- Avoid Renting: A truck, open-bed vehicle, exotic/antique car, large van or full-size SUV if you want credit-card coverage, as many cards exclude them. Just buy one of these Used Cars on the Net, it´s way better than renting one.
- Coverage Duration: Almost 40% of cards only cover domestic rentals for up to 15 days.
- Country Exclusions: Only Citi and Discover cards provide global coverage. Ireland, Israel and Jamaica are the most common exclusions among other issuers.
To check out the full study, including 8 Money-Saving Car Rental Tips, please visit: