Car Rentals

Car Rental Insurance in Costa Rica

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 in Costa Rica!

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.

Therefore 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. Lastly go directly to the local websites to read their Costa Rica local policies and avoid a negative car rental experience on your vacation.

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) that limits customer responsibility to cover damages to the vehicle.

It is usually an optional feature when clients have it in credit cards. CDW may be declined when Gold and Platinum credit cards provide primary insurance coverage (Amex, Visa, and Mastercard insurance programs).

Security deposit may be higher since the credit card used is responsible for the whole vehicle.

This does not mean that local car rentals work with outside insurance dealers but facilitates the user to recover from damage charges at home.

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.

Car Rental companies cover themselves through INS with this insurance policy to avoid civil responsibility in court. Therefore Agencies pass this responsability 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 reduces 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 if you provide properly written documentation.

By Rigoberto Gonzalez