If you damage your rental
car, or it is broken
into, or stolen,
or damaged by a hit-and-run driver,
the cost may be covered by collision
insurance—if you have it.
Car renters may include some collision
coverage in their rates, but the deductible
amount (ie, the amount you are still
liable to pay, even when covered by
the insurance) may be high.
They may want you to pay a Collision
Damage Waiver (CDW) fee
of €10 to €16/US$12
to US$18 per day to cover any such
loss. Car rental companies make a
lot of money this way because most
cars are returned to them in good
CDW is expensive insurance (a
rate of US$3650 to US$7300 per year!),
and you may not need it because you
may already be covered.
Are You Already Insured?
Don't pay for extra coverage if you're
already insured. If you have auto
insurance at home, ask your
insurance agent if you 'd be covered,
and how much, if
you rent a car in Turkey.
Keep in mind that cars in Turkey may
have higher valuations than
The minivan I drive is not an expensive
car in America ($25,000 new), but the
same car in Turkey sells for $70,000! And
because my minivan is not new, it would
not even be covered for the full purchase-price
amount, only for the depreciated
used-car amount. I would NOT be
adequately covered by my own car's
policy if I rented the same minivan
in Turkey. I might not even be adequarely
covered if I rented a far cheaper car.
Talk this over with your insurance
Insuring With Your Credit
Among the benefits of some credit cards
(especially premium "gold" and "platinum" cards)
is some amount of collision coverage.
If you rent a car using your credit
card, and later have an accident, the
credit card company may pay for the
damage, but there may be important
For example, the credit card company
might not pay "loss of
use" fees. The car renter
may charge you if your car is damaged
or stolen, because the renter will
not be able to rent the car and earn
money until it is recovered or repaired,
and may hold you liable for the loss
of that revenue. So if the car is not
recovered for a month, you'll pay rental
(ie, loss of use) fees for a month,
which could be several thousand dollars.
If you plan to use your credit card
to cover collision, read the "Car
Rental Loss and Damage Insurance" section
of your credit card agreement carefully,
and know what your coverage is. Contact
the credit card company if you have
questions, and get the answers in
Also keep in mind that credit card
collision coverage is usually secondary coverage.
That is, it kicks in after all other
insurance coverage (such as your own
car's policy) has been utilized and
In reality, you're probably not going
to have an accident. But—having an
auto accident in a foreign country
is a major mess and headache and there's
no way to get around that. By having
adequate coverage, you can at least
get rid of the headache much sooner.