Winnipeg Insurance Brokers Ltd. Unit 106-2565 Portage Avenue, Winnipeg, MB R3J 0P4
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If your vacation plans include renting a car while you’re away, you’re probably contemplating whether car rental insurance is worth it.
We think car rental insurance is always worth the extra cost. Why? Because without the right car rental insurance, you could be on the hook for claims totalling $10 million or more, and we want to protect you from that. Plus, a vacation should be fun and relaxing, and the easiest way to ruin it is with an accident claim. Not only could this unexpected accident ruin your current vacation, but it could also impact your ability to take another one for quite some time (Goodbye fun in the sun, hello debt and regret!).
In this blog, we’ll break down car rental insurance so that you’ll know all the ins and outs– including how much you need and the best (and cheapest) way to purchase it.
If you’re on a tight timeline and want to skip the reading and speed right to getting a quote, we’re here! Plus, we can help answer any burning questions you may have.
Driving an unfamiliar vehicle in a strange place makes a collision more likely. And, without the right insurance, you’re personally responsible for damage to the vehicle you rent– even if you’re not at fault!
Even a seemingly minor collision puts you at risk for having major claims filed against you from the rental company. Claims can also be filed against you for things like damage to others’ property, and damages for injuries. Most rental companies also charge “down-time” to compensate them for the time the vehicle is off the road being fixed or replaced. All of these costs add up fast!
When you start shopping for Rental Car Insurance, you’ll want to look for a policy that:
We recommend buying your car rental insurance through Manitoba Public Insurance (MPI). Their Rental Vehicle Insurance offers everything we’ve listed above, giving you more extensive coverage than the other options out there. And, it comes in at a substantially lower cost, saving you up to $25 a day!
If you’re ready to take the plunge and purchase car rental insurance for your upcoming trip, get a quote today!
A lot of people decide at the last minute to add-on insurance through their rental company, without realizing that they’re paying a premium for the convenience! Rental company insurance usually costs a lot more than MPI’s insurance, and it’s rarely as comprehensive.
Pros:
Cons:
Most credit cards automatically provide coverage, but it’s usually only first-party liability coverage. This makes it less comprehensive than the Rental Vehicle Insurance you can get through MPI.
If you choose to go with your credit card’s rental car insurance, you can expect:
Pros:
Cons:
Through your insurance broker, you have access to MPI’s Rental Vehicle Coverage, which is by far and away the best insurance option! It covers rented or borrowed private passenger vehicles, light trucks, motorcycles and mopeds, and it extends to both Canada and the United States.
When you buy MPI’s rental vehicle coverage through us, you get:
And, you’ll pay a lot less than you would if you went through your rental vehicle company!
Pros:
Cons:
Purchase this option at any Winnipeg Insurance Brokers Ltd. branch.
You’ve got the questions, and we’ve got the answers!
It might! But if you do, odds are it’s not enough.
As a Manitoba Citizen, if you’re hurt in a collision while driving a rental vehicle, you’re covered under MPI’s Personal Injury Protection Plan. This coverage can help a lot with your healing and recovery if you’re hurt, but it won’t help with third-party liability and claims from the rental company.
You can, but It’s not built-in coverage. So, if you wanted to get coverage through your current policy, you would have to purchase separately. The good news is that It is very affordable! The maximum premium is $7/day (plus a $15 policy fee).
Your car rental company might give you the option to add-on insurance, but it's often sub-par and more expensive.
Often the rental car coverage you purchase through your insurance broker will be more affordable than what you'll find with a rental car agency. Plus, you're supporting a local business by purchasing it through an insurance brokerage. Make sure to be aware of any exclusions or maximums on your policy, so you know what is and isn't not protected or covered.
Your standard credit card coverage only covers first-party liability unless you’ve specifically chosen a higher coverage option (think: $1, $2, $5, $7 or $10 million). It doesn’t protect you against claims from the rental company, and it won’t protect you fully from claims from other drivers if you travel in the United States.
Manitoba Public Insurance (MPI) offers car rental insurance for a more affordable rate than going through a rental insurance company! When you work with an insurance brokerage (like us!), we work with you to help you secure your MPI car rental insurance so that you can soar into your vacation with ease.
Getting car rental insurance is 100% necessary and 200% worth it! Not only could it end up saving you millions, but it also gives you peace of mind knowing that if anything were to happen to your rental vehicle, you’d be covered.
So what are you waiting for?! Add, get car insurance to your pre-departure checklist and travel knowing that it has got your back.
When you’re ready to get covered– make us your first stop! We’ll help you secure your MPI car rental insurance so you can adventure with confidence.
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We are committed to the communities where we live and work, and we demonstrate our commitment by taking part in sponsorship and volunteer programs.
We love it here, too.
We are committed to the communities where we live and work, and we demonstrate our commitment by taking part in sponsorship and volunteer programs.
Winnipeg Insurance Brokers Ltd. Unit 106-2565 Portage Avenue, Winnipeg, MB R3J 0P4
Winnipeg Insurance Brokers Ltd. serves our clients and operates on Treaty One land; homeland of the Anishinaabe, Cree, Oji-Cree, Ojibway, Dakota, and Dene Peoples, and the homeland of the Red River Metis. Our drinking water comes from Shoal Lake 40 First Nation, in Treaty Three territory. We respect the treaties, the land, and the water that sustain us.