Pros: |
Cons: |
|---|---|
| •Vehicle rental establishments typically have comprehensive insurance policies that cover all their vehicles. These policies will take care of damage done to properties and vehicles of other people; damage more than the excess are charged to you the customer. | •In case of an accident (whether major or minor), rental companies would quickly bill your credit card the maximum damage |
| •You are not required by law to buy a Rental Vehicle Excess Insurance or a Collision Damage Waiver. Such products are completely optional. | •Excess fee can reach $3,000–$8,250 depending on the company and the type of car you rented |
| •Your only option in case of an accident is to pay the full excess amount. | |
| Total Cost: | |
| $0 each day but can reach $2,500 if you have an accident. | |
