Do You Need Insurance To Rent A Car On Turo
Cover your monthly car payments or simply earn some extra cash by sharing your car on turo whenever you re not using it.
Do you need insurance to rent a car on turo. If you want to rent out your car or even a few cars through turo it s important to do your research. I ll be honest i was so excited to rent a car and get on the road that i didn t spend nearly as much time thinking about insurance and protection as i should have. All turo hosts choose the protection plan that s right for them and every host plan comes standard with up to 750 000 in third party liability insurance from liberty mutual. Turo is not the same as a rental car.
The popular peer to peer car sharing marketplace turo removes a lot of the pains associated with renting through a traditional rental car company. Guests who book a car with a protection plan do not need personal car insurance to use turo. You re not necessarily obligated to buy coverage from turo but you should understand what you get when buying protection from turo and the tradeoffs of foregoing coverage. It s a good idea to start by comparing turo s coverage options with some commercial policies in order to ensure you re comfortable with how you re protecting your vehicle or vehicles.
According to most insurance companies turo is not the same as a rental car if you have insurance coverage that covers you for rentals it may not cover you for borrowing a turo car likewise if you have insurance available for rental cars from your credit card company it likely won t apply to borrowing a car on turo. If you book a trip with a commercial host check the vehicle listing for any personal insurance requirements. Car owners looking to rent on turo can opt out of a turo insurance plan only if they have commercial insurance that they could provide themselves. Don t assume your insurance or credit card company will cover your turo trip.
Share your car earn extra cash. Auto insurance always comes into play when you re driving a car and turo provides a few options for insurance coverage while you re driving someone else s car. This is geared to people who are renting as part. Or bring your own commercial rental insurance and take a bigger piece of the pie.
Turo offers three packages of insurance coverage for drivers. Check with your insurer before declining a protection plan on turo. Renting with turo is often cheaper and the platform is super easy to use but renters should be aware that there s a significant difference in how turo s insurance works that may present a downside for some renters. You re protected by 20 million in liability insurance and each traveler is prescreened.
People who are renting a car on turo need insurance too.
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