Turo Car Insurance – The Ultimate Guide

by

Are you thinking about renting out your car on Turo? Or are you planning to rent a car from someone on Turo? Either way, it’s important to understand the insurance options available to you. Turo offers a variety of insurance plans to protect both hosts and guests in case of an accident or damage to the car. In this guide, we’ll dive into the details of Turo car insurance and help you make an informed decision.

Table Contents show

What is Turo Car Insurance?

Turo is a peer-to-peer car rental service that allows car owners to rent out their personal vehicles to others. Turo provides insurance coverage for car owners and renters as part of their service. The insurance coverage provided by Turo is designed to protect both the owner and the renter in the case of any damage or loss incurred during the rental period.

Turo Insurance Options

Turo offers three different insurance plans for car owners and renters. Let’s take a closer look at each of these insurance options.

1. Turo Standard Insurance

The Turo Standard Insurance plan is included in every rental and provides liability coverage up to the minimum financial responsibility limits required by the state where the car is registered. This insurance option covers the renter in case of bodily injury or property damage caused by the rental car while rented out. However, it does not cover damage to the car itself.

If a host chooses to decline a damage protection package or if the renter has not purchased a protection package, the renter will be responsible for the full cost of any damage incurred to the vehicle during the rental period. The renter’s personal auto insurance may provide coverage, but this is not guaranteed and should be reviewed carefully before renting a car on Turo.

Turo Standard Insurance has a $3,000 deductible for most cars and a $500 deductible for Turo-approved luxury vehicles. This means that the renter is responsible for the first $3,000 (or $500 for luxury vehicles) of any damage incurred during the rental period.

2. Turo Premier Insurance

Turo Premier Insurance provides coverage for up to $1 million in liability, as well as collision and comprehensive coverage for the car itself. This insurance option is available to renters for an additional fee and provides full coverage for the rental car and the renter in case of an accident or damage during the rental period.

The Turo Premier Insurance plan has a $0 deductible, meaning that the renter is not responsible for any out-of-pocket expenses in the case of an accident or damage to the car.

3. Turo Basic Insurance (Not Available in the US)

Turo Basic Insurance is available in some countries and provides state minimum liability coverage for the car owner and the rental car. This insurance option is not available in the United States.

How Turo Insurance Works

The insurance coverage provided by Turo depends on the insurance plan selected by the car owner and the renter. If the car owner has purchased a damage protection package, the renter will not be responsible for any damage to the car that is covered by the package. If the car owner has not purchased a damage protection package, the renter may be responsible for the full cost of any damage incurred during the rental period.

Turo requires renters to provide their own auto insurance policy, which may provide additional coverage in case of an accident or damage to the rental car. However, the renter is responsible for reviewing their policy to determine the extent of their coverage.

If an accident occurs during the rental period, the renter should immediately notify Turo and the car owner. Turo will then work with the renter and the car owner to resolve the claim and determine if the insurance policy applies.

Turo Car Insurance FAQs

Question
Answer
What is Turo?
Turo is a peer-to-peer car rental service that allows car owners to rent out their personal vehicles to others.
What insurance options does Turo offer?
Turo offers three different insurance plans for car owners and renters: Turo Standard Insurance, Turo Premier Insurance, and Turo Basic Insurance (not available in the US).
What does Turo Standard Insurance cover?
The Turo Standard Insurance plan covers liability only, up to the minimum financial responsibility limits required by the state where the car is registered. It does not cover damage to the rental car itself.
What does Turo Premier Insurance cover?
The Turo Premier Insurance plan provides coverage for up to $1 million in liability, as well as collision and comprehensive coverage for the rental car itself.
What is the Turo Standard Insurance deductible?
The Turo Standard Insurance deductible is $3,000 for most cars and $500 for Turo-approved luxury vehicles.
What is the Turo Premier Insurance deductible?
The Turo Premier Insurance plan has a $0 deductible.
What happens if the car owner has not purchased a damage protection package?
If the car owner has not purchased a damage protection package, the renter may be responsible for the full cost of any damage incurred to the rental car during the rental period.
What happens if an accident occurs during the rental period?
If an accident occurs during the rental period, the renter should immediately notify Turo and the car owner. Turo will then work with the renter and the car owner to resolve the claim and determine if the insurance policy applies.

Conclusion

Turo car insurance is designed to protect both the car owner and the renter in case of an accident or damage during the rental period. Turo offers a variety of insurance plans to suit different needs and budgets. It’s important to carefully review the insurance options available before renting a car on Turo and to notify Turo and the car owner immediately in case of an accident or damage.

Rekomendasi: