Dr. A. Seddik Meziani, Professor of Finance at the Feliciano School of Business, was recently featured in WalletHub’s article about rental car insurance, providing his expert opinion on the best approach in purchasing this insurance. He recommends talking to your insurance agent to understand your personal auto insurance policy and what coverage is provided when renting a car. There may be costly exclusions, such as coverage for high-value rentals, that might not be included in your personal policy.
Overall, Dr. Meziani emphasized that sufficient liability coverage within your personal auto insurance policy as the most cost-effective way to obtain reliable rental car insurance coverage. Credit card companies also offer coverage but be careful to understand the specific coverage and any exclusions that may apply.