smart spending

10 outrageous travel fees to avoid

Rental car insurance
Rental car insurance

Collision-damage waiver, or CDW, insurance is a moneymaker for car rental companies. These optional policies insure you if you get in a wreck or otherwise experience a claims loss while renting a car. The charge for such rental car insurance can add $15 to $25 to the daily cost of a car rental.

The catch is that you may already have protection through your credit card company or auto insurer.

Before leaving on a trip, check with your insurance agent and card issuer to see what kind of coverage you have for car rentals. If your credit card already offers sufficient protection, you could decline the optional coverage. Just be sure to use that credit card when you make your rental reservation.

advertisement

Show Bankrate's community sharing policy
          Connect with us
REFINANCE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed refi 3.96%  0.11 4.07%
15 year fixed refi 3.08%  0.09 3.17%
10 year fixed refi 3.09%  0.13 3.22%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.32%  0.03 4.29%
50K FICO-based HELOC 3.98%  0.02 3.96%
100K FICO-based HELOC 3.83%  0.02 3.81%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.75%  0.10 2.85%
48 month used car loan 2.99%  0.06 3.05%
60 month new car loan 3.19%  0.05 3.24%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.99%  0.01 0.98%
2 Year CD 1.22%  0.02 1.20%
5 Year CD 1.87% --0.00 1.87%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.76% --0.00 15.76%
Cash Back Cards 16.44% --0.00 16.44%
Low Interest Cards 11.04% --0.00 11.04%
 
Next
advertisement
FRUGAL NEWSLETTER

Discover new ways to cut costs and save more every day. Reduce your spending, not life’s pleasures. Delivered weekly.

advertisement
Partner Center
advertisement

Connect with us