3rd Party Rental Car Insurance Options and Companies

If you're looking for alternative rental car insurance options, there are several companies to consider.

Some popular options include Allianz Global Assistance, which offers 24/7 assistance and a range of coverage levels.

Allianz Global Assistance is available in over 20 countries worldwide.

TravelGuard offers a similar range of coverage levels, including optional upgrades for additional protection.

TravelGuard also offers a "Cancel for Any Reason" upgrade, which allows you to cancel your rental car insurance for any reason.

Third-Party rental car insurance is a type of coverage that protects others in the event of an accident.

It covers damage caused to anyone or anything apart from you and the rental car itself. This includes damage to the other car involved, passengers inside it, or to other people's property.

EP, LP, SLI, TPL, and ALI are different types of Third-Party insurance, each offering varying levels of protection. These abbreviations may be used by different rental companies worldwide.

The specific coverages may vary, but the ultimate goal is to protect the third-party involved in the incident.

Here are some of the types of Third-Party insurance you might come across:

You can buy standalone policies for rental cars if you don't want to buy insurance at the counter. These policies are sold by some companies and require you to decline the rental company's coverage.

Some rental companies offer supplemental liability insurance, which provides coverage for damages and injuries to others. For example, Alamo's Extended Protection (EP) and Enterprise's Supplemental Liability Protection (SLP) both offer $1 million in coverage.

You can also consider buying third-party rental car insurance from a third-party company, but be sure to check coverage options and restrictions. Some third-party companies may exclude unusual vehicles or have geographic limitations.

Here are some examples of rental companies and the amount covered by their supplemental liability insurance:

It's worth noting that some credit cards offer rental car insurance, but they often have similar restrictions as third-party companies.

Buying third-party rental car insurance can be a cost-effective option, saving you money compared to purchasing additional coverage directly from the car rental company.

If you do need rental car insurance, make sure to buy enough coverage. The mandatory minimum liability insurance that's automatically included when you rent a car in most states is likely not enough to protect you in case of a serious accident.

Bonzah is a notable exception, offering supplemental liability insurance, a feature not typically found with other third-party insurers.

Here are some key points to consider when choosing a third-party rental car insurance company:

Buying third-party rental car insurance is usually cheaper than buying from the car rental company. Buying enough coverage is crucial, as the mandatory minimum liability insurance may not be enough to protect you in a serious accident.

Third-party rental car insurance can provide supplemental liability insurance, which is essential for protecting yourself financially. This coverage is not always included in the mandatory minimum liability insurance.

The only major third-party rental car insurance company that offers supplemental liability insurance is Bonzah. This makes them a good option for those who need extra protection.

Companies like Bonzah and Allianz Global Assistance offer third-party rental car insurance. Bonzah is the only major third-party rental car insurance company that offers supplemental liability insurance.

Allianz Global Assistance sells a OneTrip Rental Car Protector that pays out up to $50,000 for damage and loss. It's primary coverage, so it pays out before your own auto insurance and includes 24-hour emergency assistance.

Allianz offers a range of benefits, including damage to or theft of rental car, trip interruption, loss, damage, or theft of personal effects, and 24/7 travel assistance. Their coverage limits are $50,000 for the rental car, $1,000 for baggage, and $1,000 for trip interruption.

Here are some key features of third-party rental car insurance companies:

Third-party rental car insurance is designed to protect you from financial liability in the event of an accident or damage to someone else's property. This type of insurance is typically not included in the rental car's price and must be purchased separately.

The Third-Party Liability insurance won't cover damage to the rental car itself, so you'll need to buy a separate insurance policy, such as Collision Damage Waiver (CDW), Loss Damage Waiver (LDW), or Collision Damage Insurance (CDI), to protect the rental car.

Damage to third-party property, such as a fence, is covered by the Third-Party Liability insurance. This type of insurance can also cover the cost of repairing damage to the other car involved in the accident, medical bills for third-party injuries, and legal fees.

The cost of repairing third-party property, such as a fence, can be substantial. For example, the Rental Cover policy has a coverage limit of $50,000 for the rental car, but this doesn't include damage to third-party property.

Here are some key things to know about Third-Party Liability insurance:

However, there are some limitations to this type of insurance. For example, driving through rivers and on beaches can void coverage, and unauthorized or intoxicated drivers will exclude you from liability insurance. Additionally, personal belongings are not included in the vandalism and accessories coverage.