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When you need to rent a car, it can be difficult to know exactly how to handle rental car insurance. Should you rely on your personal car insurance coverage? Is it best to purchase rental coverage through the rental company? Can you get better rates and broader coverage with another rental insurance policy?
The next time you need auto insurance coverage for a rental car, you may want to consider Allianz rental car insurance and the Allianz OneTrip Rental Car Protector. Coverage with Allianz is affordable and may offer you just what you’re looking for when it comes to peace of mind on your next vacation or business trip.
Just like all other insurance products, it’s important to compare rates for rental car insurance coverage before you choose a policy. Taking the time to do some research could help you save money and make sure you find the best coverage out there.
You can use our free quote tool above to find and compare rental car insurance coverage options for the next time you plan to travel.
What does Allianz rental car insurance cover?
Allianz rental car insurance with OneTrip Rental Car Protector covers collisions, losses, and damages for up to $75,000. Allianz rental car insurance in most areas also includes 24-hour emergency assistance for almost any unforeseen circumstances.
The specific coverage that OneTrip protection offers includes:
- Collision damage waiver: This will cover the costs if your rental car is stolen or damaged in an accident or while it is parked and left unattended
- Trip interruption coverage: Covers the unused, non-refundable portion of your trip and any increased transportation costs as you return home
- Baggage loss or damage: Covers damage or theft of personal items and baggage (not available in every state)
- 24-hour emergency assistance: Helps policyholders resolve issues with the rental vehicle or emergency issues during their travels
From Allianz’s perspective, it’s a good idea to purchase a collision damage waiver before you ever rent a car. Ultimately, this practice should save you some money and could help you avoid aggressive salespeople trying to convince you of what you actually need.
But Allianz rental car insurance is not the only rental car insurance out there. So you should always compare costs between multiple rental car insurance companies to see who offers the best coverage and who offers the most competitive rates.
How much does Allianz rental car insurance cost?
Rental car insurance with Allianz starts at just $11 a day. But this rate will vary based on a variety of factors, such as:
- Your driving history
- The car you’re renting
- Where you’re renting the car
- How long you will have the car
- How far you plan to drive the car
- The type and amounts of coverage you want
The table below shows some of the coverage options available with most rental car insurance plans and the average cost for these coverages.
Rental Car Insurance Breakdown
Type of CoverageWhat It DoesHow Much is It? Loss Damage Waiver (LDW)Renter will not be responsible for damage to or theft of the vehicle$9 to $30/day SLP (Supplemental Liability Coverage)Provides up to $1 million in liability coverage$7 to $15/day PAI (Personal Accident Insurance)Provides medical and accidental death benefits if you are injured or people are killed in the accident$1 to $7/day PEC (Personal Effects Coverage)Reimburses renter for the value of property stolen from the rental vehicle$1 to $5/day RAP (Roadside Assistance Protection)Renter is not financially responsible for chargeable roadside incidentsVaries
As you can tell, if you were to add all the auto insurance coverage options for rental cars together, you could end up spending nearly $60 a day on rental car insurance alone. For this reason, it is important to educate yourself on what you actually need and what companies like Allianz tend to charge for different coverages.
Does Allianz rental car insurance have good reviews?
Most Allianz rental car insurance reviews are positive, though many reviews note that Allianz 24-hour emergency assistance does not include roadside assistance as they assumed. They also mention that Allianz insurance only covers the driver listed on the rental agreement. So if you rent a car and let someone else drive, Allianz rental car insurance may not cover any damages or losses.
Allianz does have an A+ (Superior) financial strength rating with A.M. Best and a stable outlook for future endeavors. In addition, Allianz has an A+ company rating with the Better Business Bureau (A+). These two ratings mean that anyone who purchases an Allianz rental car insurance policy can rest assured the company will be able to help when coverage allows.
Is rental car insurance with Allianz my best option?
If you know you’ll be renting a car soon, Allianz rental car insurance may be a great option for you. But you will never know if it’s the best out there until you shop around and compare rental car insurance rates with other top companies in the U.S.
Be sure to use our free quote tool below to get started in your search for rental car insurance that offers the coverage you want at a price that works for you.