How Much Is Enterprise Rental Car Insurance?
Last Updated on April 8, 2022
Enterprise offers a range of insurance options to meet drivers’ needs.
Your personal auto insurance should cover you when driving an Enterprise rental car. However, Enterprise offers additional coverages at various prices, ranging from $5 to $50 per day.
How much does Enterprise rental car insurance cost? Should you buy Enterprise’s rental car insurance? Keep reading to discover everything you need to know about Enterprise rental car insurance.
Table of Contents:
- How Enterprise Rental Car Insurance Works
- Enterprise Rental Car Insurance Options
- Enterprise Rental Car Insurance vs. Your Own Car Insurance
How Enterprise Rental Car Insurance Works
When renting a car with Enterprise or any other rental car company, your personal auto insurance should cover you.
If you have full coverage car insurance on your ordinary vehicle, then that full coverage policy should extend to your Enterprise rental car. You have the same liability limits, collision coverage, and comprehensive coverage. If you get into an accident in your Enterprise rental car, then you make a claim through your own insurance company and pay your own deductible. If you were at fault, then your insurance could raise your premiums.
Enterprise also offers its own auto insurance options. If you don’t have coverage through your personal policy or your credit card, then you may wish to buy auto insurance through Enterprise.
Enterprise already has insurance on its vehicles. However, this insurance is low. It typically meets minimum liability limits in your state. It’s also designed to protect the company – not you. For protection, it may be in your best interests to buy Enterprise’s loss damage waiver (LDW) or collision damage waiver (CDW).
Enterprise Rental Car Insurance Options
Enterprise offers several insurance products with different prices and coverage options. Whether you have personal auto insurance or not, you may want to buy Enterprise’s in-house rental car insurance for better coverage and peace of mind.
Enterprise’s rental car insurance options include:
Damage Waiver ($20 to $50 Per Day or More)
Enterprise, like all rental car companies, offers a collision damage waiver (CDW) policy called Damage Waiver (DW). Damage waiver is optional. You pay an additional fee, and Enterprise waives its right to hold you accountable for any damage to the vehicle.
Enterprise’s Damage Waiver typically costs $20 to $50 extra per day, depending on your location and the value of the vehicle. You can view specific pricing by completing an Enterprise rental car application online.
Enterprise’s Damage Waiver covers the following:
- Covers all damage to the Enterprise rental vehicle, regardless of fault
- Covers theft of the vehicle, up to the full value of the vehicle
- You do not need to file a claim with your own insurance company or pay higher premiums after an accident
- You pay no deductible or other costs to Enterprise after an accident or loss
As long as you were not driving in a prohibited way, your Enterprise Damage Waiver covers virtually all damage to the vehicle and theft of the vehicle with no charges to you or your insurance company. If you want maximum peace of mind and don’t mind paying for it, then Enterprise’s Damage Waiver could be the right choice.
Personal Accident Insurance & Personal Effects Coverage (PAI/PEC) ($5.13 to $13 Per Day)
Enterprise offers Personal Accident Insurance (PAI) and Personal Effects Coverage (PEC) at the desk when renting a vehicle. These policies are bundled together but cover different things:
PAI: Personal Accident Insurance provides accidental death, accident medical expenses, and ambulance expense benefits. If you don’t have personal injury protection or medical payments coverage through your auto insurance policy, or if you don’t have health insurance or travel insurance, then you may want to buy personal accident insurance.
PEC: Personal Effects Coverage covers theft of items from the vehicle. Typically, homeowners insurance or renters insurance will cover the theft of any items from your rental vehicle (say, if someone breaks into your vehicle and steals your stuff). If you don’t have homeowners insurance or renters insurance, however, then you can use Enterprise’s Personal Effects Coverage (PEC) instead.
PAI/PEC are optional coverages. According to Enterprise, they cost $5.13 to $13.00 per day, depending on your location.
Supplemental Liability Protection (SLP) ($8 to $17 Per Day)
Enterprise offers Supplemental Liability Protection (SLP) at the counter. For an extra fee, you get additional liability protection.
If you injure someone while driving your Enterprise rental car, or if you damage someone else’s property, then you are liable for that damage. Your personal auto insurance policy could cover this damage. However, if you have low limits, then you could pay a significant amount out of pocket.
To extend liability coverage, some drivers buy Enterprise’s Supplemental Liability Protection (SLP), which provides the renter and authorized drivers with up to $300,000 in coverage for third-party liability claims.
If your personal auto insurance policy has low liability limits, or if you want maximum coverage and peace of mind, then Enterprise’s Supplemental Liability Protection may be worth it. However, if you already have $300,000 or more of liability coverage through your personal auto insurance policy, then it may not be worth it.
Enterprise’s Supplemental Liability Protection is optional. According to Enterprise, it costs $8.00 to $17.00 per day, depending on your location.
Roadside Assistance Protection (RAP) (Costs Vary)
Enterprise offers Roadside Assistance Protection (RAP) to cover vehicle lockouts, flat tire changes, fuel outages, lost keys, and other unexpected events.
You can add RAP to a rental car at any time. However, if adding RAP to a vehicle mid-rental, you must return the vehicle to a designated renting location for a vehicle inspection.
Enterprise’s RAP is optional. Enterprise does not disclose the cost of RAP upfront. However, it may only add a few extra dollars to your total rental car cost, depending on your location.
Enterprise Rental Car Insurance Versus Your Own Car Insurance
If you already have a personal auto insurance policy, then you may not need to buy Enterprise’s rental car insurance.
Most personal auto insurance policies (say, through GEICO, Allstate, Progressive, Farmers, Nationwide, Liberty Mutual, USAA, State Farm, and all other providers) cover rental cars in the United States and Canada. Some companies require you to have full coverage car insurance for rental car protection, while others offer rental car protection even if you have minimum liability insurance.
Here’s what to consider when using your own insurance versus Enterprise’s rental car insurance:
Enterprise’s In-House Rental Car Insurance: Enterprise offers rental car insurance, including a Damage Waiver (DW) that limits your liability for any damage to the vehicle or theft of the vehicle. In exchange for $20 to $50 per day, you can avoid making a claim through your own insurance company for any damage to the vehicle. Enterprise also offers supplemental liability insurance, which covers your liability if you injure someone while driving or damage their property.
Your Own Auto Insurance: Your own auto insurance should cover your Enterprise rental car in the United States or Canada. You get the same limits and coverages as you would when driving your own vehicle. If you have minimum liability insurance, then your policy rises or lowers to match the limits in the state or province where you’re renting the vehicle. If you have higher coverage limits, then those same coverage limits apply to your Enterprise rental vehicle. If you damage your rental vehicle, then you make a claim through your own insurance. You pay your own deductible, and you could pay higher premiums, depending on fault.
If you purchased your Enterprise rental car with a credit card, then your credit card could extend coverage. Typically, credit cards provide secondary coverage. That means your personal auto insurance policy covers all damages first, and your credit card covers any remaining damages.
Final Word – Enterprise Rental Car Insurance
Enterprise offers several auto insurance products to cover your rental car.
Depending on your personal auto insurance policy, aversion to risk, peace of mind, and budget, it may or may not be worth it to buy Enterprise’s auto insurance.
Enterprise’s rental car insurance costs $5 to $50 extra per day, depending on your location and vehicle type. Contact your Enterprise rental car location for specific rental car insurance costs.