Your New York car insurance policy may cover you if you rent a car, but you should check with your insurance company or agent to confirm that fact before you rent another vehicle. The car rental agency will also offer you insurance coverage, and you may want to consider adding it.
If you are like most people who are renting a car, your focus is on picking up the vehicle and getting behind the wheel. You sign the rental agreement without reading it and take the keys. Before you leave the rental agency, you should take the time to review the terms and conditions carefully, especially when the document talks about what happens if you are in an accident while driving the rental car.
Your existing car insurance policy may cover you when you are driving a rental car (and you may have asked about this when you got your car insurance quote), but you may also be held responsible for the rental agency’s loss of income if the vehicle needs to be off the road while being repaired. Paying the fee for the insurance offered by the car rental agency will protect you from having to dig deeper into your pocket if an accident occurs.
Another option is to pay for your car rental with a credit card that offers insurance coverage as one of its benefits. Consider your options carefully before you decide to rent a car; it could end up being more expensive than you realize.