This rate may vary depending on the insurer you choose. In Texas, rental car insurance is not required by law. However, it is recommended to protect yourself in the event of an accident or theft when renting a car. Rental car insurance can be purchased from the car rental company or from your car insurance provider.
Yes, although there are some exceptions, your car insurance policy will also cover you while driving rental vehicles in the state of Texas. This includes liability coverage, collision coverage, full risk coverage and, by default, full coverage, since full coverage is simply a combination of all three. Contact your insurance company as soon as possible to inform them about changes to your policy, especially when it comes to confirming coverage for a new car. Penalties for driving without insurance in Texas include fines and high-risk insurance requirements.
If you pay with cash or buy a car directly from a private seller, you probably won't be asked to present proof of insurance to take possession of the vehicle. Once again, every situation is different and the amount of rental car insurance you'll need when using a rental car will be reduced to the level of car insurance you have. As mentioned above, you can decide which coverages make sense based on your personal auto insurance policy to maintain coverage but avoid overpaying. However, things can get a little more complicated when renting a vehicle internationally, where rental car insurance may be mandatory.
Because you have to present proof of insurance before you can take possession of a newly financed car, some insurers extend comprehensive and collision coverage to current customers in good faith, regardless of whether their current policy has that type of coverage. Rental cars are the perfect example of why it can be useful to have car insurance coverage that is higher than the minimum required. If you already have a personal car insurance policy that includes other types of coverage, such as collision or comprehensive coverage, or liability limits higher than what your state requires, the additional protection will extend to your rental car. Before buying insurance from the rental company, you should consider what coverage you already have through your personal car insurance.
If you already have car insurance, check with your insurance provider to see if it covers rental cars. It's best to know what you're getting into before you get in a rental car, and a licensed auto insurance agent can help.