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Wells Fargo Autograph Car Insurance for Young Drivers

Wells Fargo Autograph Car Insurance for Young Drivers

 

For young drivers with spotless driving records, finding affordable car insurance can feel like searching for a unicorn.

 

 

You want the peace of mind of solid coverage without breaking the bank. That's where the Wells Fargo Autograph card's rental car collision damage waiver comes in.

 

 

What is the Wells Fargo Autograph Rental Car Collision Damage Waiver?

This benefit provides secondary coverage for damage or theft to a rental car, up to $50,000. It's important to note that "secondary" means it kicks in after your primary car insurance.

 

 

If you have your own policy, you'll file a claim with them first. If your primary coverage doesn't cover the full amount, the Autograph benefit can help close the gap.

 

 

Wells Fargo Autograph Rental Car Collision Damage Waiver for Young Drivers:

Save money on rental car insurance: Declining the rental car company's collision damage waiver (CDW) can save you up to $20 per day.

 

 

With the Autograph benefit, you can decline the CDW with confidence knowing you have backup coverage.

 

 

Peace of mind: Knowing you have additional protection can be a relief, especially for young drivers who may be anxious about renting a car. Wells Fargo Bank Safe?

 

 

Convenience: No need to purchase separate rental car insurance. Simply use your Autograph card to pay for the rental and decline the CDW.

 

 

Wells Fargo Autograph Car Insurance for Young Drivers: Key Details

Feature

Details

Coverage Type

Secondary Rental Car Collision Damage Waiver

 

Coverage Amount

Up to $50,000

 

Deductible

Varies depending on rental car company and damage

 

Primary Coverage Needed?

Yes, for comprehensive car insurance and liability coverage

 

Rental Period Limits

15 days (US), 31 days (International)

 

Excluded Countries/Car Types

See Guide to Benefits document on Wells Fargo website

 

Card Fee

$95 annual fee

 

Claim Filing

Online or by phone, handled by Assurant

 

Benefits for Young Drivers

Save money on rental car insurance, peace of mind, convenient alternative to separate rental insurance

 

Things to Consider

Secondary coverage, limitations (rental period, exclusions), not a replacement for full car insurance

 

 

 

Related Questions:

Does it cover all rental cars? A: No, see exclusions in Guide to Benefits document.

 

 

What if primary coverage isn't enough? Autograph benefit can help cover remaining cost, but has $50,000 lifetime limit.

 

 

 Can I use it outside the US? Yes, most countries valid, but with longer rental period limit (31 days).

 

 

Things to Consider:

Primary vs. secondary coverage: Remember, this is secondary coverage. If you have your own car insurance, it's important to make sure it provides adequate coverage for rental cars before relying solely on the Autograph benefit.

 

 

Limitations: The coverage has some limitations, such as a maximum rental period of 15 days in the US and 31 days internationally. It also excludes certain countries and car types.

 

 

Not a replacement for full car insurance: This benefit is only for rental cars. It doesn't provide liability coverage or other types of car insurance you may need.

 

 

Insurance Premium and Claims Details:

The Wells Fargo Autograph card has an annual fee of $95. There is no additional cost for the rental car collision damage waiver. However, you will need to pay a deductible if you file a claim.

 

 

The deductible amount varies depending on the rental car company and the type of damage.

 

 

Filing a claim is relatively straightforward. You can do it online or by phone. Assurant, the insurance provider for the benefit, will handle your claim. Wells Fargo Change For Better

 

 

Frequently Asked Questions:

Does the Wells Fargo Autograph rental car collision damage waiver cover all types of rental cars?

There are some exclusion, such as vans, motorcycles, and luxury cars. You can find a complete list of exclusions in the Guide to Benefits document on the Wells Fargo website.

 

 

What happens if I get into an accident with a rental car and my primary car insurance doesn't cover the full amount?

The Autograph benefit can help cover the difference between your primary coverage and the cost of repairs or replacement.

 

 

However, there is a $50,000 lifetime maximum benefit, so it's important to make sure your primary car insurance provides adequate coverage.

 

 

Can I use the Wells Fargo Autograph rental car collision damage waiver outside the US?

Yes, the coverage is valid in most countries worldwide, with a few exceptions. However, the maximum rental period is longer for international rentals (31 days).

 

 

Overall, the Wells Fargo Autograph rental car collision damage waiver can be a valuable benefit for young drivers who rent cars occasionally.

 

 

It can save you money on rental car insurance and provide peace of mind. However, it's important to understand the limitations of the coverage and make sure you have adequate primary car insurance.

 

 

I hope this information helps you decide if the Wells Fargo Autograph car insurance is right for you. Remember, it's always a good idea to compare quotes from multiple insurers before making a decision.

Wells Fargo Autograph Car Insurance for Young Drivers Reviewed by US Top Bank on January 03, 2024 Rating: 5

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