Turo Car Rental Insurance

Are you planning to rent a car from Turo? If yes, then you must have some concerns about the insurance policy. Turo car rental insurance is one of the most important factors that you should consider before renting a car. In this article, we will discuss everything you need to know about Turo car rental insurance.

What is Turo?

Turo is a peer-to-peer car-sharing platform that allows car owners to share their cars with others. It is a cost-effective and convenient way of renting a car for both car owners and renters. Turo has over 350,000 vehicles listed on its platform in more than 5,500 cities worldwide.

How does Turo work?

Turo works in three simple steps:

What is Turo car rental insurance?

Turo car rental insurance is a protection plan that covers the car owner and the renter in case of an accident, theft, or damage to the car. Turo offers three levels of insurance coverage:

1. Basic Insurance – Liability Insurance

The basic insurance is included in the rental price, and it provides liability coverage up to $1 million. It also covers physical damage to the car up to its actual cash value, but the renter is responsible for paying a deductible amount of $3000 or 10% of the vehicle value, whichever is lower. Basic insurance is mandatory for all rentals on the Turo platform.

2. Standard Insurance – Partial Coverage

The standard insurance provides partial coverage for the car owner and the renter. It covers liability up to $1 million, and it reduces the renter’s responsibility for physical damage to the car to $500. The car owner is responsible for paying a deductible amount of $500. Standard insurance is optional and can be purchased for an additional fee.

3. Premium Insurance – Full Coverage

The premium insurance provides full coverage for the car owner and the renter. It covers liability up to $1 million, and it eliminates the renter’s responsibility for physical damage to the car. The car owner is responsible for paying a deductible amount of $0. Premium insurance is optional and can be purchased for an additional fee.

How much does Turo car rental insurance cost?

The cost of Turo car rental insurance depends on the level of coverage you choose. The basic insurance is included in the rental price, but the standard and premium insurance can be purchased for an additional fee. The cost of standard and premium insurance varies based on the car’s value, location, and other factors.

FAQ

1. Is Turo car rental insurance mandatory?

Yes, Turo car rental insurance is mandatory for all rentals on the Turo platform. The basic insurance is included in the rental price, and it provides liability coverage up to $1 million.

2. Can I use my personal car insurance for Turo rentals?

It depends on your personal car insurance policy. Some policies may cover you for rentals, while others may not. It is always better to check with your insurance provider before renting a car on Turo.

3. What happens if I get into an accident while driving a Turo car?

If you get into an accident while driving a Turo car, you should immediately contact Turo’s customer support. Turo will guide you through the process and help you file a claim with the insurance provider.

4. What is the maximum liability coverage offered by Turo car rental insurance?

Turo car rental insurance provides liability coverage up to $1 million.

5. Can I cancel Turo car rental insurance?

Yes, you can cancel Turo car rental insurance at any time before the rental starts. However, once the rental starts, the insurance policy becomes effective and cannot be canceled.

6. What happens if the car gets stolen while I am renting it?

If the car gets stolen while you are renting it, you should immediately contact Turo’s customer support. Turo will guide you through the process and help you file a claim with the insurance provider.

Conclusion

Turo car rental insurance is an essential factor that you should consider before renting a car on the Turo platform. It provides protection to both the car owner and the renter in case of an accident or damage to the car. Turo offers three levels of insurance coverage – basic, standard, and premium. The cost of Turo car rental insurance varies based on the level of coverage and other factors. We hope this article has helped you understand Turo car rental insurance better.