Insurance Turo: Everything You Need to Know

Turo is a car rental platform that allows car owners to rent out their vehicles to other people. Insurance is a crucial part of the Turo experience for both renters and car owners. In this article, we’ll explore the ins and outs of Turo insurance and answer some frequently asked questions.

What is Insurance Turo?

When you rent a car through Turo, you’re automatically covered by liability insurance provided by Turo’s insurance partner. This insurance covers your liability in case you damage someone else’s property or injure someone while driving the rental car. However, this insurance doesn’t cover damage to the rental car itself.

If you want coverage for damage to the rental car, you have two options: Turo’s supplementary insurance or your own personal auto insurance policy.

Turo’s Supplementary Insurance

Turo offers three levels of supplementary insurance coverage for renters:

The deductible is the amount of money you’re responsible for paying out of pocket before insurance kicks in. For example, if you have Turo’s Basic insurance and you damage the rental car, you’ll have to pay the first $3,000 of repairs yourself before Turo’s insurance kicks in.

Turo’s supplementary insurance also covers loss of use, which is the revenue lost by the car owner while the car is being repaired. Basic and Standard insurance cover loss of use up to $500, while Premium insurance covers loss of use up to the full rental value of the car.

Note that Turo’s supplementary insurance doesn’t cover certain items like lost keys, flat tires, or damage to the interior of the car. Check Turo’s website for a full list of excluded items.

Your Personal Auto Insurance Policy

If you have a personal auto insurance policy, it may cover rental cars as well. Check with your insurance company to see if rental cars are covered and what the coverage includes. If your personal policy provides coverage for damage to rental cars, you may not need to purchase Turo’s supplementary insurance.

However, keep in mind that using your personal insurance to cover a Turo rental may increase your premiums or affect your coverage in the future. Be sure to weigh the pros and cons before making a decision.

FAQ

Do I need insurance to rent a car on Turo?

Yes, Turo requires that all renters have liability insurance. This insurance is provided by Turo’s insurance partner and is included in the rental fee.

Do I need to purchase Turo’s supplementary insurance?

No, you’re not required to purchase Turo’s supplementary insurance. However, if you decline Turo’s insurance and damage the rental car, you’ll be responsible for paying for the full cost of repairs out of pocket.

What does Turo’s insurance cover?

Turo’s insurance covers your liability in case you damage someone else’s property or injure someone while driving the rental car. Turo’s supplementary insurance covers damage to the rental car itself.

Can I use my own personal auto insurance to cover a Turo rental?

Yes, if your personal auto insurance policy covers rental cars, you may be able to use it to cover a Turo rental. Check with your insurance company to see if rental cars are covered and what the coverage includes.

What if I’m renting out my own car on Turo?

If you’re renting out your own car on Turo, you’ll need to have your own personal auto insurance policy that covers rental cars. Turo’s insurance only covers renters, not car owners.

Conclusion

Insurance is a crucial part of the Turo experience. Whether you’re a renter or a car owner, it’s important to understand what insurance options are available and what they cover. With Turo’s supplementary insurance and your own personal auto insurance policy, you can have peace of mind knowing that you’re covered in case of an accident or damage to the rental car.