Turo Insurance for Renters

Turo, a peer-to-peer car-sharing platform, provides a new option for travelers who want to rent a car. However, before renting a car from Turo, renters should know everything about Turo insurance. In this article, we will provide an overview of Turo insurance for renters, including coverage options, costs, and frequently asked questions.

What is Turo?

Turo is a car-sharing platform that allows car owners to rent out their vehicles to people in need of transportation. It is a peer-to-peer service that connects car owners with renters. Turo operates in more than 5,500 cities around the world, making it a convenient and cost-effective option for those who need a car for a short period of time.

How Turo Works?

To use Turo, renters can browse available vehicles online and book a car from a local owner. After booking, the car owner and renter agree on a pickup and drop-off time and location. At the end of the rental period, the renter returns the car to the owner. Turo handles payments, insurance, and roadside assistance, making the process seamless and hassle-free.

What is Turo Insurance?

Turo provides insurance coverage for all rentals booked through its platform. The insurance coverage is provided by Liberty Mutual, a leading insurance company. Turo offers three insurance options for renters: basic, standard, and premium.

Basic Insurance Coverage

The basic insurance coverage is included in every Turo rental at no additional cost. It provides liability coverage up to $1 million for the renter, the car owner, and any authorized drivers for bodily injury and property damage to third parties.

Standard Insurance Coverage

The standard insurance coverage provides liability coverage up to $1 million for the renter, the car owner, and any authorized drivers for bodily injury and property damage to third parties. It also includes physical damage coverage for the rented vehicle with a deductible of $500. The standard insurance option is available for an additional charge of 25% of the rental price.

Premium Insurance Coverage

The premium insurance coverage provides liability coverage up to $1 million for the renter, the car owner, and any authorized drivers for bodily injury and property damage to third parties. It also includes physical damage coverage for the rented vehicle with a $0 deductible. The premium insurance option is available for an additional charge of 35% of the rental price.

How Much Does Turo Insurance Cost?

The cost of Turo insurance varies depending on the level of coverage selected by the renter. The basic insurance coverage is included in every rental at no additional cost, while the standard and premium insurance options are available for an additional charge of 25% and 35% of the rental price, respectively.

Sample Insurance Costs

FAQ

What Happens if I Get into an Accident?

If you get into an accident while driving a Turo rental, you should first ensure that everyone is safe and then contact Turo as soon as possible. Turo will guide you through the process and provide support with repair or replacement of the vehicle, filing insurance claims, and any legal matters.

Can I Use My Personal Car Insurance for Turo Rentals?

No. Turo requires all renters to have insurance coverage through its platform. However, Turo does offer supplemental liability insurance for car owners who have their own insurance policy.

What Happens if I Damage the Rented Vehicle?

If you damage the rented vehicle, Turo will assess the damage and determine the cost of repair or replacement. If you have selected the standard or premium insurance coverage, you will be responsible for paying the deductible amount. If you have selected the basic coverage, Turo may charge you for the damage up to the actual cash value of the car.

Can I Cancel Turo Insurance?

No. Turo requires all renters to have insurance coverage through its platform. However, you can change your insurance option up until the start of the rental period. Once the rental period begins, you cannot change your insurance option.

Is Turo Insurance Available for International Rentals?

Yes. Turo offers insurance coverage for rentals in more than 56 countries, including the United States, Canada, the United Kingdom, Germany, and Australia.

In conclusion, Turo insurance provides comprehensive coverage for renters, with three options to choose from. Renters can compare the costs and benefits of each option to make an informed decision based on their needs and budget. With Turo insurance, renters can enjoy the convenience and flexibility of renting a car without worrying about unexpected costs or liabilities.