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.