Credit card car rental insurance for EV

As automakers ramp up production of electric vehicles, car rental companies like Hertz are also joining the revolution. In 2021, car rental companies have ordered 100,000 Tesla Model 3 cars for travelers who want to rent an electric car.

Now that EV car rentals are all the rage, it raises questions that many have never thought of before. Does my credit card cover EV car rental insurance? Unfortunately, some credit card car rental policies explicitly exclude Tesla rentals. However, for other types of EV rental cars, the answer is a little more complicated.

Here’s what you need to know about credit card insurance coverage for EV rentals.

travel credit card A great way to get car rental insurance at no extra cost. Some premium travel credit cards automatically insure the cardholder’s rental car against damage or theft.

In general, all you need to do to get this insurance is to use your card to pay for your rental and decline the rental company’s paid Collision Damage Waiver (or CDW) offer.

Depending on the card, you may be compensated for loss or damage to a rental car up to a certain amount. for example, Chase Sapphire Reserve® Provides primary coverage up to $75,000 for theft and damage.

Other credit card auto insurance policies do not have a maximum liability limit. Instead, these policies exclude what are considered “high value” vehicles.

it is the case of Chase Sapphire Preferred® CardThis will cover the damage up to the actual cash value of the rental car. However, the policy does not cover “high-value vehicles,” citing brands such as Corvette, Jaguar and Porsche.

In most cases, credit card car rental insurance does not cover specialty vehicles such as motorcycles, large vans, cargo vans, and campers. Similarly, most policies do not cover peer-to-peer car rentals such as those through Turo.

Also, please note that credit card rental car insurance only covers rental car damage. You are responsible for any injuries or damage to other vehicles. That’s why it’s important to make sure you have auto insurance when you rent a car. If not, we strongly recommend purchasing coverage to protect against this liability.

Also, before renting abroad, check your credit card policy to see if any countries are excluded. For example, many AmEx credit card car rental policies do not cover car rentals in Australia, Italy, or New Zealand. Terms apply.

The good news is that some credit card car rental policies cover EV car rentals. However, there are a number of exclusions to be aware of when renting an electric vehicle.

Here’s an overview of popular Travel Rewards credit cards that may not be covered when renting an electric vehicle.

Some Chase-issued credit card car rental policies include Teslas on their list of “expensive cars” that are not covered. For example, this exclusion is located at:

of Capital One Venture X Rewards credit card Excludes car rental coverage over $75,000 when new. This is currently high enough to cover the Tesla Model 3. However, if you are renting an electric vehicle at a higher price, it will not be covered.

Please note that this is not a comprehensive list of all cards that exclude coverage.It is still important to check your credit card coverage before renting an electric vehicle. Chase cardholders can log into their account and see this page Start searching for them.

Even credit cards that don’t exclude coverage for electric car rentals or expensive vehicles usually have the greatest benefit of coverage. Tesla Model 3 rentals from Hertz may be fully covered, but this limitation may become a factor as rental companies increase their fleet of electric vehicles.

Also, be aware of some rental car insurance exclusions that may affect electric vehicles differently. For example, AmEx credit card rental car insurance typically excludes coverage “unless the electrical failure or breakdown is due to an event covered by theft.” Terms apply.

As electric vehicles continue to go mainstream, EV rental cars are likely to become even more popular. However, there are many things to keep in mind when renting an electric vehicle, from planning battery charging to adapting your driving behavior. And credit card car rental insurance is just one of those complications.

Not all credit card car rental insurance policies apply when renting an electric vehicle. If this compensation is essential to you, Chase Sapphire Reserve® Also American Express Platinum Card®Both cards offer up to $75,000 in coverage against theft and damage and do not explicitly exclude Tesla rentals. Terms apply. or, Capital One Venture X Rewards credit card As long as you can verify that the vehicle cost less than $75,000 when new.

To view rates and fees for american express gold cardlook this page.

To view rates and fees for American Express Platinum Card®look this page.

You want a travel credit card that prioritizes what’s important to you. Here are our picks Best travel credit card for 2022.including best suited for: