Car Rental Insurance in Costa Rica

Posted on Posted in Car Rentals

costa rica car rental insurance guide

What Everyone Must Know About Costa Rica Car Rental Insurance

Costa Rica car rental insurance is a big issue when you rent cars in this country beacause all companies have their own  policy rates.


So how do you make a sound purchasing decision when renting a vehicle !


There is a big relationship between time, mileage and insurance rate variations when booking rental car services in this country. International franchises among other agencies as well as online comparison sites play a big role advertising low rates to attract customers and franchised companies play with insurance policies and all kind of operational fees to level and make a profit.


As customers, how can you budget well car rental services not having an idea about what the final bill is going to be? It is recomendable adding between 130 to 170% on top of  time and mileage quotes and go directly to the local websites to read their Costa Rica local policies.


Costa Rica Car Rental Insurance Policies


Costa Rica car rental insurance policies and waivers offered by local companies at pick up locations are:


CDW /LDW (Collision and Loss damage waiver) establishes  a security deposit( $750-$2500) to cover damages to the vehicle. It is usually an optional feature that limits customer responsibility when clients have it in credit cards. CDW may be declined when Gold and Platinum credit cards provide primary insurance coverage (Amex, Visa, and Master Card insurance programs).


Written documentation must be provided to decline it otherwise it will be mandatory.Please bring a letter from your bank where it proves it.The actual CDW policy will vary in rates among national agencies so find out how much it is to budget well your car rental service. The collision daily fee may go from $5 to $ 15 per day depending on the vehicle.


 Liability Car Rental Insurance Costa Rica


 Liability Car Rental Insurance can be found as ALI/TPL/SLI meaning third party liability coverage. Third party insurance is a MANDATORY rental coverage that protects the renter against claims made by third parties in the event of an accident. Car Rental companies cover themselves through INS with this insurance policy to avoid civil responsibility in court in case something happens and is passed onto any customer renting a vehicle.


Customer driving behavior can be liable to court so credit cards do not mess around with this. The Liability insurance daily fee may go from $15 to $25 per day. Liability or civil responsibility is not covered by any credit card insurance benefit programs.


Costa Rica Zero Deductible Coverage


The Zero Deductible Coverage is a optional and intended to reduce responsibility when combined with liability and collision. For customers who want to travel worry free, full  insurance coverage is available partially and in full by some companies. The insurance fee may go from $10 to $25 per day.


The only Costa Rica car rental insurance policy accepted through credit card holders is collision when properly written documentation is provided.


By Rigoberto Gonzalez