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Travel Tips: Is Car Rental Insurance Worth It?

The frustrating answer: Sometimes.

We all know the drill. We find a clown car-sized vehicle online that can get us from Point A to Point B for $34.99. When we get up to the counter, taxes, gas, insurance and (for some of us) the under-25 fee pushes the cost well above the $150 mark. Suddenly an afternoon on the open road costs more than a round-trip flight on a budget carrier. What went wrong?

For starters, many of us insure something that's already insured. Rental insurance is a waste for car owners because most auto policies extend to rentals. Just make sure the rental car is worth about the same as the one you own. A policy on a $500 '89 Oldsmobile will only cover up to $500 in damages to that $60,000 Lincoln Navigator you rented to drive up and down the Jersey Shore. Next time, you won't let those girls in bikinis sit on the hood.

However, car-less renters need to suck it up and pay the extra $40 for basic collision and liability coverage. In the worst-case scenario, an uncovered driver could be accountable for the total cost of the rental vehicle and any other cars involved in an accident. Now that'll ruin a trip.

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[Photo: Palm Covers Car]