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Excellent rental car insurance coverage is a must these days, whether you are going abroad or staying locally. And with the perks that some credit cards offer, using car rental insurance will help you save big on unexpected expenses while giving you peace of mind.
An example is Chase Sapphire’s rental car insurance, which is covered by a Chase Sapphire Reserve® or Chase Sapphire Preferred® card. These cards allow you to benefit from car rental insurance with different levels of protection and discounts.
What is Chase Sapphire Rental Car Insurance?
Chase Sapphire rental car insurance is included with the Chase Sapphire Reserve and Chase Sapphire Preferred cards. The insurance protects your rental vehicle against theft and damage, with different levels of coverage depending on the card.
The main difference is that Chase Sapphire Reserve reimburses up to $75,000 for collision damage and theft. On the other hand, Chase Sapphire Preferred covers up to the cash value of the vehicle.
The Chase Sapphire Reserve and Chase Sapphire Preferred cards provide primary comprehensive coverage. This coverage means that in the event of an accident, it is unnecessary to make a claim with another insurance source in order to receive coverage under this benefit.
Although both cards offer a plethora of perks and benefits that keep customers loyal and justify their cost, the choice of card comes down to your lifestyle and needs.
Chase Sapphire Reserve Rental Car Insurance
Chase Sapphire Reserve offers excellent worldwide car rental insurance coverage. Despite a higher annual fee than Chase Sapphire Preferred, it offers several perks that are well worth it, like points and slightly cheaper rates for some car rental companies through their portal.
The cost of the Chase Sapphire Reserve Card annually per authorized user, with an APR in between .
General coverage information
This card is valid for you, the cardholder, and any authorized persons authorized to drive the vehicle. Before you can get insurance coverage, you must reject the landlord’s CDW. Benefits are valid in the United States and most other countries and remain in effect until the rental company receives the vehicle back.
What is covered
- Refund up to $75,000
- Physical damage and theft of the rental vehicle
- Authorized rental company downtime charges while the vehicle is under repair and the cardholder or Permitted User is unable to operate it
- Reasonable towing charges to get the vehicle to the nearest authorized repair facility
What is not covered
- Antique automobiles, trucks, vans, motorcycles, flatbed vehicles, sedans, mopeds and recreational vehicles
- Loss or theft through improper care, illegal activity, poisoning, or transportation of contraband
- Deliberate acts and general breaches of the rental car contract
- Regular wear
- Loss or theft of personal belongings
- Items uninstalled by the original vehicle manufacturer
- Losses from war, invasion, insurrection and similar hostilities
- Fees incurred when local or foreign authorities impound the vehicle
- Cost of comprehensive insurance if purchased through the company you rented the vehicle from
- Injury to people or objects inside or outside the vehicle
- Depreciation of the vehicle through loss or damage, including depreciation costs
- Leasing and mini-leasing
- Costs of the rental agency or their insurers
- Reimbursement under your private car insurance or that of your employer
- Claim forms are valid within 100 days from the date of loss
- You have 365 days to submit all documents
- Coverage for vehicle rental periods must not exceed 31 consecutive days in the United States or abroad
Chase Sapphire Preferred Rental Car Insurance
The Chase Sapphire Preferred Card offers many of the same benefits as the more expensive Chase Sapphire Reserve. It remains a top choice if you’re considering renting a car in the US and abroad, with a few caveats discussed below.
The cost of the Chase Sapphire Preferred card annually with an effective annual interest rate of .
General coverage information
You are eligible for coverage if your name is on a US-issued card and if you use your account to complete and complete the rental transaction. Unlike Chase Sapphire Reserve, this card does not allow you to add an authorized person and get coverage for them.
What is covered
- Cash value of most rental cars
- Theft and damage to the rental vehicle
- Applicable downtime fees charged by the car rental company
- Management Fees
- Reasonable towing charges to the nearest qualified repair facility
What is not covered
- High-end automobiles, antique and exotic cars, vans, open-bed vehicles, mopeds, motorcycles, recreational vehicles, sedans and people carriers with more than nine seats, including the driver
- Damage to another driver’s car
- Injury caused to someone or damage to something not covered above
- Personal Liability
- loss or theft of your property
- Depreciation, wear and tear and depreciation
- Reimbursable expenses with your insurer, your employer or your employer’s insurance company
- Losses from poisoning, smuggling, or engaging in illegal activities
- Items not installed by the car manufacturer
- Damage to the car due to off-road operations
- confiscation by the authorities
- Interior damage to pickup truck beds that is the result of loading or unloading
- Car rental periods longer than 31 consecutive days
- Depending on your country of residence, you must report the damage no later than 100 days after the incident
- Claim forms must be received within 120 days of the date of the incident
- You must have submitted all documentation 365 days after the day of the accident
How do you claim insurance for Chase rental cars?
You can begin claiming Chase Sapphire rental car insurance by requesting the following documents from the rental company:
- A copy of the accident report form
- Copies of the front and back of the original and final rental agreement
- An itemized repair invoice and a copy of the repair estimate
- A police report and two pictures of the damaged vehicle
- Copy of the reminder letter stating the amount of the claim or costs
- Any other documents requested by the Benefit Administrator
After submitting these documents within the given deadlines, all you have to do is stay put. Chase cautions that claims are typically paid within 15 days of receipt by CDW’s Rental Car Benefits Administrator.
Enjoy the benefits of Chase Sapphire car rental insurance
The benefits of Chase Sapphire car rental insurance are many and are free with a Chase Sapphire Reserve or Chase Sapphire Preferred card. Whether in the US or abroad, you can take advantage of the insurance options on offer without having to resort to your personal auto insurance company.
Although you get better coverage and a little more options with the Chase Sapphire Reserve, it boils down to your needs, rental frequency, and lifestyle. And for the value each card brings to the table, the multitude of perks and discounts get you far more than you pay for, not just rental car insurance.
Frequently asked questions about Chase Sapphire rental car insurance
- Does Chase offer primary insurance for rental cars?
- Chase Sapphire rental insurance is the primary insurance. It is not necessary to report damage to your private insurance company.
- Does Chase Sapphire Preferred cover liability?
- No, Chase Sapphire Preferred does not offer liability coverage.
- Does Chase Sapphire offer car rental discounts?
- No, Chase Sapphire cards do not offer car rental discounts.
Editor’s note: This content is not provided by any of the organizations discussed in this article. Any opinion, analysis, review, rating, or recommendation expressed in this article is solely that of the author and has not been reviewed, approved, or otherwise endorsed by any entity named in this article.
Prices are subject to change; Unless otherwise stated, prices are updated regularly. All other account information is correct as of November 22, 2022.