Forty-two percent of U.S. consumers are confused about whether to buy insurance when renting a car, a survey has found.
The research was conducted by the National Association of Insurance Commissioners (NAIC), which said that many people at the auto rental counter purchase insurance without knowing whether their existing auto policies or credit card benefits already cover their needs.
Many consumers “purchase unnecessary insurance and end up wasting money. Meanwhile, other drivers inadvertently underinsure their rental car, placing themselves at risk,” said NAIC President and Alabama Insurance Commissioner Walter Bell.
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