Should You Buy Insurance When You Rent a U-Haul?

As summer winds down, many people are preparing for big transitions—moving into new homes, heading off to college, or relocating for a new job. That means moving trucks are in high demand, and rental locations are booking quickly.

During the reservation process, one important question often comes up: Do you need to purchase the insurance offered by the rental truck company? In most cases, the answer is yes.

What Your Personal Auto Policy May Not Cover

Even if you carry full coverage on your personal auto insurance, that coverage typically only extends to private passenger vehicles and trucks under 10,000 pounds. Most rental moving trucks are significantly larger and fall outside that category.

Remember: Many personal auto policies do not extend coverage to rental trucks, especially those over 10,000 pounds. Policyholders should check with their agent to confirm their specific coverage.

That means if something goes wrong—whether it’s a dented bumper or more serious damage—you may be held financially responsible for repair costs and potential downtime while the truck is out of service.

Read On: What to Do When You Get in An Accident

Understanding Rental Truck Insurance Options

Rental companies offer optional insurance plans that can fill in the gaps. While it adds to the rental cost, many find the added peace of mind and financial protection to be worthwhile.

Here’s a breakdown of the typical coverage options:

Damage Waiver

Covers accidental damage to the rental truck. Without this waiver, you would be responsible for any and all damage, regardless of fault.

Cargo Coverage

Protects the contents of the truck—your belongings—against damage caused by collision, fire, windstorm, or overturning. Exclusions may apply, such as improper packing or shifting during transit.

Personal Accident Insurance

Offers limited medical coverage for injuries sustained while using the truck.

Supplemental Liability Coverage

Provides third-party liability protection—usually up to $1 million—in the event you cause property damage or injury to others while operating the rental vehicle.

What About Homeowners or Renters Insurance?

Depending on your policy, homeowners or renters insurance may offer limited protection for your belongings while they are being moved. However, this coverage typically only applies when items are being loaded or unloaded, or while in transit, and it will not cover damage to the rental truck itself.

Why the Added Coverage Is Worth It

Rental truck insurance usually ranges from $14 to $25 per day, depending on the provider and level of protection selected. While it’s an added expense, it can be a smart investment, especially when considering the potential cost of out-of-pocket repairs or liability claims.

Renting a U-Haul to move your college student into their dorm? Here are more student insurance tips designed to protect your college student while they’re on campus.

The Central Difference

At Central, we believe in helping you protect what matters most—whether that’s your home, your vehicle, or your move. While your personal auto policy may not extend to rental trucks, your Central agent can help you understand your current coverage and what additional protection you may need during a move.

Take the Next Step

Planning a move? Before you pick up the keys to a rental truck, reach out to your local Central agent. They’ll help you review your policy and determine the best way to stay protected throughout the process.