6 Things to Know About the Capital One Venture Card’s Rental Car Insurance

The Capital One Venture Card's rental car insurance can help cover the costs if there's damage to your rental.

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Updated · 1 min read
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Written by Josh Garber
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The Capital One Venture Rewards Credit Card comes with several benefits, including no foreign transaction fees, the ability to transfer points to travel partners, access to Capital One lounges and rental car insurance. Here, we’ll dive into six things you should know about the Capital One Venture Rewards Credit Card rental car insurance benefit.

1. Complete the required steps to receive coverage

Capital One Venture Rewards Credit Card
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To have your rental car covered by the Capital One Venture Rewards Credit Card rental car insurance benefit, you’ll need to take two steps:

  • Charge your entire car rental transaction to your Capital One Venture Rewards Credit Card.

  • Decline the rental car company’s collision damage waiver.

Remember these steps before renting a car if you want to take advantage of the Capital One Venture Rewards Credit Card rental car insurance coverage.

2. There’s no additional cost

The Capital One Venture Rewards Credit Card rental car insurance benefit (which Capital One calls the “auto rental collision damage waiver”) is provided to Capital One Venture Rewards Credit Card holders at no additional cost.

While the Capital One Venture Rewards Credit Card has an annual fee of $95, using the card’s rental car insurance benefit can help you easily recoup some, if not all, of the annual fee.

3. Damage due to theft or collision is covered

The Capital One Venture Rewards Credit Card's rental car insurance benefit will cover you for damages due to theft or collision of your rental car only, up to the actual cash value of most rental cars.

It’s important to note that other losses are not covered by the card’s rental insurance benefit — for example, if you get into an accident with another car and the other car is damaged, your rental insurance benefit will not cover the damage to the other car or injuries to passengers.

4. Benefits apply for a limited number of days

If you’re using the Capital One Venture Rewards Credit Card's car rental insurance benefits, you should note that coverage only applies for the following rental periods:

  • 15 consecutive days in your country of residence.

  • 31 consecutive days outside your country of residence.

If you’re renting a car for longer (for instance, if your primary car is in the shop or you’re on an extended vacation), you may want to purchase separate car rental insurance coverage.

5. All authorized drivers are covered

While you’ll need to be the primary car renter to be covered by the Capital One Venture Rewards Credit Card car rental insurance, the benefit also covers any additional drivers permitted by the rental car agreement.

This means that if you want to rent a car with a friend on a vacation and you want your friend to drive, you’ll still be covered as long as you’re the primary driver and your friend is added to the rental car agreement as an additional driver.

6. Certain types of vehicles aren’t covered

It’s important to know that some cars are not covered by the Capital One Venture Rewards Credit Card rental insurance, including:

  • Expensive or exotic cars, including brands like Aston Martin, Bentley, Tesla, Rolls-Royce, Ferrari and Porsche.

  • Some vans, including cargo vans.

  • Motorcycles and mopeds.

  • Antique cars (defined as cars that are over 20 years old or that have not been manufactured for 10 years or more).

Before renting a car, we recommend checking Capital One’s website or calling Capital One directly to ensure the type of car you’re planning to rent will be covered.

Capital One Venture Rewards Credit Card rental car insurance, recapped

So, does the Capital One Venture Rewards Credit Card provide rental car insurance? Yes.

The Capital One Venture Rewards Credit Card's rental car insurance benefit can help cardholders recoup part, if not all, of the card’s annual fee. However, you should note that there are certain steps you need to take to ensure coverage, and some types of cars aren’t covered.

Also, benefits are limited to theft or damage of the rental car itself, and there are time limits to how long your rental car will be covered by the insurance.


How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are some of the best travel credit cards of 2024:

Capital One Cards from our Partners
Capital One Venture Rewards Credit Card

on Capital One's website

Capital One Venture Rewards Credit Card
4.7
NerdWallet Rating
Rewards rate

2x-5x

Earn unlimited 2X miles on every purchase, every day. Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options

Miles

Intro offer

75,000

Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.

Miles
Capital One Venture X Rewards Credit Card

on Capital One's website

Capital One Venture X Rewards Credit Card
4.9
NerdWallet Rating
Rewards rate

2x-10x

Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights and vacation rentals booked through Capital One Travel, Earn unlimited 2X miles on all other purchases.

Miles

Intro offer

75,000

Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel.

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Capital One® SavorOneSM Cash Rewards Credit Card

on Capital One's website

Capital One SavorOne Cash Rewards Credit Card
5.0
NerdWallet Rating
Rewards rate

1%-8%

Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Earn 8% cash back on Capital One Entertainment purchases. Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. Terms apply.

Cashback

Intro offer

$200

Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening.

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