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Excellent car rental insurance coverage is essential these days, whether you plan to go abroad or stay put. And with the benefits some credit cards offer, taking advantage of car rental insurance can save you a ton on unexpected expenses while giving you peace of mind.
An example is Chase Sapphire rental car insurance, which is coverage provided with Chase Sapphire Reserve® or Chase Sapphire Preferred® cards. With these cards, you can get car rental coverage with different levels of protection and discounts.
What is Chase Sapphire Rental Car Insurance?
Chase Sapphire rental car insurance comes with Chase Sapphire Reserve and Chase Sapphire Preferred cards. The insurance protects your rental vehicle against theft and damage, with different levels of cover 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 collision damage waiver coverage. This coverage means that it is not necessary to file a claim with any other source of insurance to receive this coverage in the event of an accident.
While both cards offer an abundance of perks and benefits that build customer loyalty and justify their costs, which card to choose depends on your lifestyle and needs.
Chase Sapphire Reserve Car Rental Insurance
Chase Sapphire Reserve offers excellent worldwide coverage for car rental insurance. Despite having a higher annual fee than Chase Sapphire Preferred, it offers multiple benefits that make it worthwhile, like points and slightly cheaper prices on select car rentals through their portal.
The Chase Sapphire Reserve card costs annually per authorized user, with an APR between .
General coverage information
This card covers you, the cardholder and anyone authorized to drive the vehicle. Before you can qualify for coverage, you must decline the rental company’s CDW. Benefits are valid in the United States and most foreign countries and remain in effect until the rental company picks up the vehicle.
What is covered
- Reimbursement up to $75,000
- Material damage and theft of the rental vehicle
- Loss of use charges approved by the car rental company while the vehicle is under repair and the cardholder or authorized user cannot use it
- Reasonable towing charges to bring the vehicle to the nearest authorized repair center
What is not covered
- Antique automobiles, trucks, vans, motorcycles, vehicles with open bodies, limousines, mopeds and recreational vehicles
- Loss or theft due to unreasonable care, illegal activity, intoxication or transportation of contraband
- Intentional acts and general violations of the car rental agreement
- Regular wear
- Loss or theft of personal items
- Items uninstalled by the original vehicle manufacturer
- Losses due to war, invasion, insurgencies and similar hostilities
- Costs incurred if local or foreign authorities confiscate the vehicle
- Cost of collision damage waiver if purchased from the company you rented the vehicle from
- Injury to anyone or anything inside or outside the vehicle
- Depreciation of the vehicle caused by loss or damage, including diminished value costs
- Leases and mini-leases
- The costs of the rental agency or those incurred by its insurer
- Reimbursement of expenses under your personal auto insurance or that of your employer
- Claim forms are valid within 100 days of the date of loss
- You have 365 days to submit all documents
- Coverage for vehicle rental periods cannot 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 plan to rent a car in the United States and abroad, with certain limitations described below.
The Chase Sapphire Preferred card costs annually with an APR of .
General coverage information
You are eligible for coverage if your name appears on a card issued in the United States and you use your account to initiate and complete the car rental transaction. Unlike Chase Sapphire Reserve, you cannot add an authorized person and receive coverage for them under this card.
What is covered
- Cashback value of most leased cars
- Theft and damage to the rented vehicle
- Valid loss of use charges imposed by the car rental company
- Administrative fees
- Reasonable towing charges to the nearest qualified repair center
What is not covered
- High-value motor vehicles, vintage and exotic cars, vans, vehicles with open car beds, mopeds, motorcycles, recreational vehicles, limousines and vans that can accommodate more than nine people, including the driver
- Damage to any other driver’s car
- Injury to anyone or damage to anything not covered above
- Personal responsibility
- Loss or theft of your property
- Depreciation, wear and loss of value
- Expenses reimbursable by your insurer, your employer or your employer’s health insurance fund
- Losses due to intoxication, transportation of contraband or the practice of illegal activities
- Items that the car manufacturer did not install
- Damage to the car caused by off-road operations
- Confiscation by authorities
- Interior damage to pickup truck beds resulting from loading or unloading
- Car rental for more than 31 consecutive days
- You must report the damage no later than 100 days after the incident, depending on your state of residence
- Receipt or claim forms must be received within 120 days of the date of the incident
- You must have all documents submitted 365 days after the day of the accident
How do I claim insurance on Chase rental cars?
You can start claiming Chase Sapphire rental car insurance by requesting the following documents from the car rental company:
- A copy of the accident report form
- Front and back copies of initial and final rental contracts
- A detailed repair invoice and a copy of the repair estimate
- A police report and two photos of the damaged vehicle
- Copy of claim letter with all claim amounts or costs listed
- Any other documents requested by the benefits administrator
After submitting these documents within the given time, all you have to do is stay put. Chase says it typically pays claims within 15 days of receipt by the CDW Car Rental Benefits Administrator.
Reaping the Benefits of Chase Sapphire Rental Car Insurance
The benefits of having Chase Sapphire rental car insurance are numerous, and they cost you nothing with the Chase Sapphire Reserve or Chase Sapphire Preferred cards. Whether in the United States or abroad, you can take advantage of the insurance options they offer without going through your personal auto insurance company.
While you get better coverage and a few more options with the Chase Sapphire Reserve, it depends on your needs, rental frequency and lifestyle. And for the value either card brings to the table, you get way more than you pay for with multiple perks and discounts, not just rental car insurance.
Chase Sapphire Rental Car Insurance FAQs
- Does Chase offer primary rental car insurance?
- Chase Sapphire rental insurance is the primary insurance. You will not need to make a claim with your personal insurance.
- Does Chase Sapphire Preferred cover liability?
- No, Chase Sapphire Preferred does not provide liability coverage.
- Does Chase Sapphire offer discounts on rental cars?
- No, Chase Sapphire cards do not offer car rental discounts.
Editorial note: This content is not provided by any entity covered by this article. Any opinions, analyses, criticisms, evaluations, or recommendations expressed in this article are those of the author alone and have not been reviewed, endorsed, or otherwise endorsed by any entity named in this article.
Rates are subject to change; Unless otherwise stated, prices are updated periodically. All other account information is accurate as of Nov. 22, 2022.