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US Drivers charged $175 at the rental desk for Collision & Loss Damage Waiver

Written by  Thursday, 14 May 2015 00:00

Toy car sitting on US dollars

Nearly half (46%)* of rental car companies are charging over $175 for a week’s Collision (CDW) and Loss Damage Waiver (LDW). This is over $157 more than a standalone policy from an independent company like InsureMyRentalCar.com which charges from only $17.50 for a single trip policy (up to 31 days in length) - ten times cheaper!

InsureMyRentalCar.com researched the cost to rent a family car, and the cost of the rental desk extras, from May 26 to May 30 2015 (Memorial Day) from five rental companies (Alamo, Enterprise, Hertz, Avis and Dollar) in the seven destinations of Chicago, Los Angeles, Seattle, Dallas, Denver, New York and Orlando.

It found that the average cost of car rental was $429 including service fees and taxes. Denver is the cheapest place to rent a car, with Dollar charging just $200 for the week (including service fees and taxes). The most expensive place is New York where a week's rental with Hertz costs $836.

However the cost of 'extras' at the rental desk can sometimes make a good headline deal not as attractive as it first seemed e.g.,:

  • Collision Damage Waiver / Loss Damage Waiver: Hertz in Seattle, Dallas, Orlando and Denver charges $213 for these policies. Two other rental companies also charge over $200, Avis in Dallas and Denver charges $203; and Dollar in Orlando also charges $203. The most reasonable place is New York where the price was $67 for CDW / LDW on average - this is still almost $50 more than an InsureMyRentalCar.com policy.
  • Child Car Seats: Ranging from $91 across all destinations with Avis, Hertz and Dollar (apart from Seattle where it costs $63) to $70 with Alamo and $63 with Enterprise in all locations (apart from Seattle where the cost is $70).
  • GPS Navigation: Topping the $100 mark with Hertz, the most reasonable costs were from Enterprise in Orlando costing $48, but expect to pay around $70- $90.

InsureMyRentalCar.com offers Loss Damage Waiver (LDW) and Collision Damage Waiver (CDW) from only $5 per day, $17.50 per trip, or $93.99 for an annual policy. Its policies offer Loss Damage Waiver coverage of up to $100,000; can be purchased from six months to one day in advance; cover rental car use at home and overseas; and are available for purchase by residents of 46 US States*.

Ernesto Suarez, Founder of InsureMyRentalCar.com, said: “Rental car drivers used to have to choose between paying for expensive insurance from the rental company or rely on their own auto insurance or the coverage provided by their credit card for protection. Instead our policies are a fraction of the price of the rental desk policies, protect drivers from having to claim on their main motor policy, and provide complete peace of mind.”


*Not currently available for residents in Alaska, Florida, Hawaii, Massachusetts and Vermont.

Launched in January 2014, Insure My Rental Car offers competitively priced Loss Damage Waiver cover for US travellers renting vehicles and aims to make it easier for drivers to understand their options and save money.

Insuremyrentalcar.com was created specifically for US residents renting within the USA and overseas but also caters to Non-US residents travelling inbound to the USA.

For more information please visit www.insuremyrentalcar.com or contact