This is one of the reasons I have a CIBC Dividend Visa. All damge is covered, even the deductibles - there are some stipulations, such as something like a $60K maximum, and some exotic cars arent covered.
I've been declining rental car insurance ever since I was old (and employed) enough to get a good credit card.
About 4 years ago, I rented a Ford Explorer and hit a deer on a secondary highway. The front of the SUV blew up like it was hit with a rocket launcher. Glass, Plastic, and all other kids of debris everywhere. Interestingly, no sheet metal was bent on the hood or fenders. All that damage was to the front bumper and grill assembly. The bottom line was that there was $5000 damage to the vehicle.
Visa took car of every cost to me. I had to fill out a report at Avis, send that report to Visa. Avis billed my Visa with the invoice cost that they had from the repair shop. Shortly after that, Visa credited my account by that same amount. It was very hassle and pain free. I even got to collect my 2% cashback on the repair bill! That was probably a Visa error though.
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