Haris Ashley
If you're wondering whether your Capital One credit card provides auto insurance, the answer is yes—but with some important caveats. Capital One offers rental car insurance as a benefit on select credit cards, including the Venture Rewards Credit Card and the VentureOne Rewards Credit Card. This insurance covers collision damage and theft of the rental vehicle, but it's important to note that it does not cover liability or personal belongings inside the vehicle. To be eligible for this coverage, you must decline the rental company's collision damage waiver and charge the entire rental transaction to your Capital One card. This insurance is provided at no additional cost and can be a great way to save money when renting a car. However, it's important to carefully review the terms and conditions, as there are limitations on the types of vehicles covered and the duration of coverage.
| Characteristics | Values |
|---|---|
| Cost | No additional cost |
| Coverage | Damage due to theft or collision |
| Rental period | 15 consecutive days in the country of residence; 31 consecutive days outside the country of residence |
| Authorized drivers | All covered |
| Vehicle type | Expensive or exotic cars, some vans, motorcycles, mopeds, antique cars not covered |
| Other benefits | Loss-of-use charges, admin fees, towing charges |
What You'll Learn
Capital One rental car insurance covers theft or collision damage to the rental car only
If you're renting a car, you may be wondering if your Capital One credit card provides rental car insurance. Well, you're in luck! The Capital One Venture Rewards Credit Card offers rental car insurance as one of its benefits. This insurance can help cover the costs if there's damage to your rental car due to theft or collision. Here's what you need to know:
Coverage Details:
Capital One's rental car insurance will cover you for damages due to theft or collision of your rental car only. It's important to note that other losses are not covered by this insurance. For example, if you get into an accident with another car, the insurance will not cover damage to the other car or injuries to passengers. Additionally, physical injury to you or others, damage to other vehicles, property damage to the belongings of others, and luggage or other items stolen from the rental vehicle are not covered. Make sure to check your card's benefits guide for a full list of what is and isn't covered.
Steps to Receive Coverage:
To take advantage of Capital One's rental car insurance, there are a couple of steps you need to take. First, you must charge your entire car rental transaction to your Capital One Venture Rewards Credit Card. Second, you need to decline the rental car company's collision damage waiver. Remember to complete these steps before renting a car to ensure you receive the coverage.
Coverage Period:
It's important to note that Capital One's rental car insurance coverage has time limits. The coverage only applies for 15 consecutive days in your country of residence and 31 consecutive days outside your country of residence. If you're renting a car for a longer period, you may need to purchase separate car rental insurance.
Authorized Drivers:
The good news is that all authorized drivers are covered by Capital One's rental car insurance. As long as you are the primary car renter and any additional drivers are added to the rental car agreement, you will all be covered.
Vehicle Restrictions:
Not all types of vehicles are covered by Capital One's rental car insurance. Expensive or exotic cars, some vans, motorcycles, mopeds, and antique cars (over 20 years old or not manufactured for 10 years or more) are not covered. Be sure to check with Capital One before renting a vehicle to ensure it is covered.
No Additional Cost:
The rental car insurance benefit provided by Capital One is offered to cardholders at no additional cost. While the Capital One Venture Rewards Credit Card has an annual fee, using the card's rental car insurance benefit can help offset this cost.
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It does not cover damage to other vehicles or personal belongings
If you're renting a car, Capital One's credit card rental car insurance can offer you protection in certain situations. This insurance is offered to Capital One cardholders through the Visa® and Mastercard® networks.
It's important to note that Capital One's rental car insurance does not cover damage to other vehicles or personal belongings. This means that if you're in an at-fault accident, you won't have coverage for any damage caused to other vehicles or for any medical payments for which you may be liable.
Additionally, Capital One's rental car insurance specifically excludes coverage in the Irish Republic, Israel, Jamaica, and Northern Ireland. There are also limitations on the rental period, with a maximum of 15 consecutive days in your country of residence and 31 consecutive days in other countries.
Before renting a car, it's essential to review the terms and conditions of your specific Capital One card to understand the coverage provided. Some cards offer primary coverage, while others provide secondary coverage, which acts as a supplement to your personal auto insurance.
To be eligible for Capital One's rental car insurance, you must decline the collision damage waiver (CDW) offered by the rental car company and pay for the entire rental with your Capital One card.
While Capital One's rental car insurance can provide peace of mind, it's important to understand its limitations, especially regarding damage to other vehicles and personal belongings.
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It is only valid for a limited number of days
If you're using a Capital One credit card for rental car insurance, it's important to note that the coverage only applies for a limited number of days. The number of days you're covered for depends on whether you're renting a car in your country of residence or abroad.
When renting a car in your country of residence, you'll be covered for up to 15 consecutive days. However, if you're travelling abroad, the coverage extends to 31 consecutive days. This means that if you're renting a car for an extended period, you may need to purchase separate car rental insurance.
It's also worth noting that there are certain exclusions and limitations to the coverage. For example, Capital One's rental car insurance specifically excludes coverage in the Irish Republic, Israel, Jamaica, and Northern Ireland. Additionally, your rental car insurance will not cover you if you rent a car for more than the specified number of consecutive days.
To ensure you're fully protected, it's important to carefully review the terms and conditions of your specific Capital One credit card and its associated rental car insurance benefits.
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All authorised drivers are covered
When it comes to car insurance, it's important to understand who is covered to drive your vehicle. While you, as the policyholder, are insured to drive, what happens if you let someone else take the wheel? This is where authorised driver coverage comes into play.
Authorised driver coverage, also known as "all drivers" coverage, is an add-on to your car insurance policy that extends coverage to anyone driving your car, as long as they meet certain conditions. This means that if you let a friend or family member borrow your car, they will be insured to drive it as long as they have your permission and a valid driver's licence. This can be especially useful if you frequently lend your car to others or if you want to ensure that anyone who drives your car is protected in the event of an accident.
To get authorised driver coverage, you can simply add it to your insurance policy when you renew it. It's important to note that the cost of this add-on may vary depending on your insurance provider, but it is generally an affordable way to ensure that all authorised drivers are covered. In some cases, insurance companies may even offer this coverage for free, providing peace of mind without any additional cost.
It's worth mentioning that there are also other options for covering additional drivers. One alternative is named driver coverage, where you specifically list the names of individuals who are authorised to drive your car. This can be useful if you only want to cover specific people, but it may be more costly if you frequently add multiple drivers.
When it comes to car rental, credit cards like Capital One may offer rental car insurance as a benefit. This can provide coverage for collision, theft, and towing, giving you peace of mind during your travels. However, it's important to carefully review the terms and conditions of your credit card benefits to understand the extent of the coverage and any exclusions that may apply.
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Certain types of vehicles are not covered
Credit card rental car insurance, which is offered by some credit card networks, may cover certain types of vehicles. However, it's important to note that there might be limitations on the types of cars that are covered by the insurance. For example, antique vehicles may not be covered.
When it comes to Capital One credit cards, they offer travel insurance through the Visa and Mastercard networks. This travel insurance includes rental car insurance, which can provide coverage for collisions, theft, and towing if your car breaks down while you're traveling. Keep in mind that this type of insurance usually goes into effect after your regular auto insurance policy, and the coverage may vary depending on whether you're renting a car in the US or abroad.
To understand the specific coverage offered by Capital One credit cards, it is recommended to refer to the card's benefits guide. This guide will provide detailed information about the types of vehicles covered and any limitations or exclusions that may apply.
In summary, while credit card rental car insurance can provide valuable protection, it's important to carefully review the terms and conditions to understand the extent of coverage and any limitations on certain types of vehicles.
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Frequently asked questions
Select Capital One credit cards provide rental car insurance. This covers collision damage and theft of the rental car.
The auto rental collision damage waiver that comes with select Capital One credit cards acts as primary insurance. It covers damage caused by accidents and theft, as well as loss-of-use charges, admin fees, and towing charges.
Capital One rental car insurance does not cover liability, theft of personal belongings, intentional acts such as dangerous driving, off-roading, or confiscation by authorities.
To get Capital One rental car insurance, you must have an eligible Capital One credit card, charge the entire car rental transaction to that card, and decline the rental company's collision damage waiver.
Contact the benefits administrator at 800-825-4062 (or 804-965-8071 if calling from outside the US) as soon as possible, but no later than 45 days from the incident. You will need to provide a copy of the accident report, a police report (if possible), front and back copies of the rental agreement, an itemized repair bill, images of the damaged vehicle, a completed and signed auto rental collision damage waiver claim form, and a copy of your credit card statement.
