Option 2: Buy CDW or Excess Reduction from car rental companies

Pros:

Cons:

• You don’t have to wait for the travel insurance company to reimburse you for the excess.• A lot more costly than other choices.
• You can buy the product when you pick up the rental car.• A CDW or Excess Reduction is not really an insurance but a fee you directly pay the rental company so that they will bill your credit card lower or no excess in case of an accident.
• Usually excludes coverage for single-vehicle accidents and damage to the underbody, tyres, and windscreen.

Total Cost:

$22–50 each day, depending on the rental company and the type of rental car, as well as local taxes and surcharges.