Auto Insurance Discounts
Do I always need to buy the Collision Damage Waiver (CDW) when I rent a car?
Also, if you do not have your own Auto Insurance policy, be aware that many car rental Liability policies cover you, at best, only at the state’s required minimum limits. Also, in this case you should definitely purchase the Collision and Comprehensive coverages offered by the rental company, for your own protection. Plus, do not mistakenly assume that the Collision Damage Waiver (CDW) from the rental company is insurance. A CDW simply releases you from financial responsibility if you damage the vehicle you are renting, provided you comply with the terms of the rental contract. However, those terms can vary considerably, and CDWs are not state-regulated, which means they are technically not insurance.