Like really, really low. “My credit card has rental car insurance, so I should be fine, right?”Well, you’ll have to read the fine print of our credit card agreement. “Travel Insurance should cover car rental damage, right?”I just checked our travel insurance policy from Allianz Travel, and YES they do cover rental car damage. “I’m still confused, I just want to be covered.”Iceland car rental insurance is complicated, we get it. Select your state and the “Rental Car Coverage” in the drop down for the quote.