When you find a great deal on a car rental, the rate quickly increases when taxes, fees and options are added.

The rate also increases dramatically if you buy insurance through the rental company.

The good news is that you're probably already covered by auto insurance or when you pay with a major credit card for the Collision Damage Waiver.

Also known as Loss Damage Waiver, the CDW covers the cost of the rental car if it's damaged or stolen.

To activate this coverage, you must decline CDW coverage from the rental company.

Rates typically range from $10 to $20 per day if you buy it through a rental agency.[...read more...]

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