When you rent a car, you want to be adequately insured. For many people, choosing the right insurance is the trickiest part of renting. It makes a difference if you know in advance what all those abbreviations and terms mean and what to look out for. It is possible to insure your rental car all inclusively without uncertainty and hassle. We tell you how to do that in this article. Furthermore, we provide a clear overview of the individual insurance options.
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Insurance options for renting a car in Spain
If you prefer to be on the safe side, then all-inclusive insurance is recommended. Most rental companies offer this option. Would you rather put together your own insurance package? It is possible to obtain the desired coverage with separate insurance modules.
CDW (Collision Damage Waiver)
This damage insurance limits the maximum amount you are liable for in case of car damage. The damage to the vehicle may be caused by collisions and accidents. However, the deductible you’ll have to pay can be between $/€700 and $/€2.000. With Super CDW, the deductible is waived.
LDW (Loss Damage Waiver)
This is the CDW plus coverage for theft and/or vandalism. Here, too, there is still a deductible.
TPI (Third Party Insurance)
This insurance is also compulsory in Spain and covers third-party liability. But this insurance coverage is not always high enough; in that case, you can take out additional insurance (ALI). For this insurance, there is a deductible which is usually around €1000.
ALI (Additional Liability Insurance)
If the TPI does not provide sufficient coverage, then this additional insurance can be taken out. However, the deductible is still required.
TP (Theft Protection), also called THW (Theft Waiver)
This is insurance to cover damage caused by theft. A deductible does apply. Super TP has no or a very low deductible.
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PAI (Personal Accident Insurance)
This passenger insurance policy pays out in case of injury or death. Tip: check the driver's standard third-party insurance. Often the compensation is better than the PAI, so you do not need to always take it out.
We ourselves usually rent our cars with all-inclusive insurance. Often through Sunny Cars, because with them, you rent with all-inclusive / all-risk insurance as standard. Using our easy-to-use tool, you can also find other rental car providers with all-inclusive insurance.
The term all-inclusive is used by many rental companies but does not always offer the same thing everywhere. Before accepting this option, read the terms and conditions carefully to know what is excluded and when there is a deductible.
Above are the most common insurances and designations. All of these insurances may have certain damage exclusions and deductibles applicable. Rental companies offer you options to insure for these as well.
Always read the rental and policy conditions of your insurance policies. There you can read which exclusions apply. There are even insurance policies that do not cover damage caused by traffic violations. You will have to pay all damages that are excluded. That would put a damper on your vacation enjoyment.
Which rental companies can I go to?
You now know about insuring a rental car in Spain. Meanwhile, you're probably eager to get on your adventure with the perfect insured rental car as soon as possible! At Road Trip Car, we've made this a lot easier for you.
With our online tool, you can compile a list of rental companies from which you can rent a car with your requirements. Within minutes you'll have found the ideal rental company.