Are you looking for Rental Car Insurance? Keep reading to find out more details about what is offered through Allianz and how it compares to other rental car coverage options!
By the end of this article, you’ll have all the information you need to decide if you’d like a rental car insurance policy through Allianz or not. Discover what’s covered and how much Allianz policies cost.
Does Allianz Offer Rental Car Insurance?
Allianz offers Rental Car Insurance in multiple forms. It can be purchased as a stand-alone product or as part of a travel insurance bundle.
- One Trip Rental Car Protector covers your rental car and limited side benefits for one trip.
- AllTrips Plans cover a rental car and other benefits like medical for multiple trips over the course of a year.
- OneTrip Plans cover other benefits like medical for a single trip, and rental car coverage is available as an add-on.
What Does Allianz Rental Car Insurance Cover?
The exact coverage amount available through Allianz depends on whether you select One Trip Coverage or an annual/multi-trip policy. We’ll look at what is covered with each option.
Allianz One Trip Coverage
Allianz’s One Trip Rental Car Protector, includes coverage for personal items that wouldn’t be covered under a Collision Damage Waiver from a rental car company. Allianz offers the following coverages for $11 per day.
- Up to $50,000 in damage or theft of Rental Car
- No deductible
- Primary coverage: This means you won’t have to file a claim with your auto insurance if your financial responsibility is under $50,000.
- Up to $1,000 in trip interruption costs
- $1,000 toward lost or damaged luggage
Allianz Multi-Trip/Annual Plans
For Allianz’s annual plans, up to $45,000 in damage or theft of the rental car is covered per trip. Other benefits depend on what option you select.
The following plans are available through Allianz.
- AllTrips Basic
- AllTrips Prime
- AllTrips Premier
- AllTrips Executive
Each of the policies covers a rental car, but the other benefits vary. For example, the AllTrips Executive also covers up to $1000 for damage to rented business equipment and up to $1000 for damage to owned business equipment.
Pro Tip: Each plan includes varying amounts for baggage, travel delay, or cancellation. We created this table to quickly compare the medical benefits you may need to accompany rental car insurance. A single trip must not exceed 45 days.
| AllTrips Basic & AllTrips Prime | AllTrips Executive | AllTrips Premier | |
| Emergency Medical | $20,000 | $50,000 | $50,000 |
| Emergency Medical Transportation | $100,000 | $250,000 | $500,000 |
| Travel Accident (Loss of life or limb) | $25,000 | $50,000 | $50,000 |
How Much Does Allianz Rental Car Insurance Cost?
Allianz’s One Trip Rental Car Protector is $11/day. This is also the cost of adding rental car insurance to any of Allianz’s OneTrip plans. Annual and Multi-Trip Plans vary in cost depending on the coverage amounts selected and your state of residence.
Here’s a quick overview of how much rental car coverage the OneTrip plan provides.
Allianz’s One Trip Rental Car Protector
| Cost | $11 per day |
| Coverage Amount | $50,000 |
| Deductible | $0 |
| Coverage Type | Primary |
Is Allianz Rental Car Insurance a Good Price?
Compared to the Collision Damage Waiver offered by the rental car company, Allianz’s rental car insurance is a good price. Check with your auto insurance policy to see if you have coverage for a rental car.
Pro Tip: Many travel credit cards offer a complimentary Auto Rental Collision Damage Waiver.
This means that you could find similar or better rental car coverage through your existing auto insurance policy or a credit card in your wallet.
If neither of these are options, Allianz’s offer is a better price than most rental car companies for cars valued $50,000 or less.
Other Options for Rental Car Coverage
Instead of using the Rental Car benefits through Allianz, rental car customers can find cheaper options. Cheaper options include an existing auto insurance policy or a Collision Damage Waiver through a credit card.
| More Expensive Than Allianz for Similar Coverage | Cheaper than Allianz for Similar Coverage |
|---|---|
| – Rental Car Company Policies | Existing Auto Insurance Policy Credit Card Auto Rental Collision Damage Waiver |
Allianz Vs. Existing Auto Insurance Policy
Check with your auto insurance to see if your existing policy will extend to a rental car. Although liability likely transfers, the comprehensive and collision coverage may not.
Using auto insurance coverage can save you money because you’re not paying for coverage already offered through an existing policy. Allianz’s rental car policy doesn’t offer liability, so you’ll need auto liability coverage anyway.
Allianz Vs. Credit Car Auto Rental Collision Damage Waiver
Credit cards frequently offer a Collision Damage Waiver(CDW) as a complimentary cardholder benefit. Since this benefit is already included with the card benefits at no additional cost, you may not need to spend the money on a policy from Allianz.
We compared the maximum coverage amounts for damage or theft through Allianz to the complimentary Collision Damage Waiver (CDW) Although the maximum value covered may vary for individual cards, we used the most common available coverage limits for each card type.
| Card | Allianz | Mastercard CDW | Visa CDW |
|---|---|---|---|
| Maximum Amount | $50,000 | $50,000 | $75,000 |
Keep in mind that personal credit card Collision Damage Waivers won’t cover rental cars for business purposes. Customers needing business coverage can find Rental Car Coverage through a business credit card like InkBusiness Cash.
One of our top picks for rental car coverage is the CapitalOne Venture X Rewards Card. This is one of the few CDWs that offers primary coverage for personal rentals within the country of residence. For more credit cards with Collision Damage Waivers, you can find a quick comparison here.
Pro Tip: Call the benefits line on your card or statement to verify that your selected rental car is covered by their Collision Damage Waiver for the full trip and in your trip location. Complimentary Collision Damage Waivers don’t cover expensive rental cars and limit rental periods. (Typical limit is anywhere from 15 days to 31 days.)
What is the Allianz Phone Number?
Allianz’s phone number is 1-866-884-3556. Allianz can also be contacted by completing Allianz’s contact form. Note that you shouldn’t put detailed personal information in the contact form.
Frequently Asked Questions
Are Allianz Rental car insurance policies primary or secondary?
Allianz rental car policies are primary insurance. That means you won’t necessarily have to file with your existing insurance company for a stolen or damaged rental car. Allianz policies also don’t have a deductible.
Is it a good idea to pay for rental car coverage?
Make sure that you have some type of coverage for the rental car. This may come from an existing auto insurance policy, a Collision Damage Waiver cardholder benefit, or another purchased policy.
Does Travel Insurance Cover Rental Cars?
Not all travel insurance policies cover rental cars, but most offer rental car coverage as an add-on. Check the policy for coverage amounts. Allianz Travel insurance offers $50,000 in rental car coverage for an additional $11 per day.
Resources
Allianz Global (2023). Car Rental Insurance. Allainztravelinsurance.com. Retrieved January 5, 2023, from https://www.allianztravelinsurance.com/find-a-plan/rental-car-damage-protector.htm
Allianz Global (2023). Find the Right Travel Insurance For You. Allainztravelinsurance.com. Retrieved January 5, 2023, from https://www.allianztravelinsurance.com/find-a-plan
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