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Whether or not to buy a collision damage waiver

  • 1 of 7

    by Scotty Mack

    Assuming that you are fully insured for damages to a rental vehicle and for third party liability through your personal vehicle insurance company, the answer to this question is "maybe" and like all insurance matters, is a...read more

  • 2 of 7

    by Karl Callwood

    I do not ever buy the Collision Damage Waiver when renting a car. That is not to say that one should run around uninsured. That would be irresponsible and illegal in some states. There are cheaper alternatives to rental...read more

  • 3 of 7

    by Melody Hearndon

    My first job was where collision damage waiver (CDW) was my bread and butter. I was a clerk in a rental car agency, and though I was paid an hourly salary, in addition we were compensated quite well for our ability to "s...read more

  • 4 of 7

    by Russell Dawson

    As someone who was quite accustomed to paying extra for a collision damage waiver, I sure stopped in a hurry when a friend who is an area manager for a large car rental agency, told me that he and his staff were on an ince...read more

  • 5 of 7

    by Bobbie Phillips

    I would recommend purchasing CDW simply for peace of mind. What would appear to be an additional and unnecessary expense could save you the headache of wading through the red tape associated with engaging your personal ca...read more

  • 6 of 7

    by Lady Demure

    Most drivers who rent vehicles forego the Collision Damage Waiver because they are already fully covered under their current insurance plan. Additionally, some credit cards offer this type of coverage when used in the re...read more

  • 7 of 7

    by Paddy K

    Rental car companies sell collision damage waiver (cdw) coverage which shifts liability for collision damage from the person renting the car to the car rental company. In most cases you can save money by declining the C...read more

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