How much is Turo insurance?

If you’re planning on renting a car from Turo, you might be wondering how much you’ll need to pay for insurance. Turo is a peer-to-peer car-sharing platform that allows car owners to rent out their vehicles to travelers. Unlike traditional car rental companies, Turo offers a variety of insurance options, which can affect the cost of your rental. In this article, we’ll take a closer look at Turo’s insurance offerings and how much you can expect to pay.

What is Turo insurance?

Turo offers three levels of insurance coverage for renters: basic, standard, and premium. The level of coverage you choose will affect how much you pay for your rental. Here’s a closer look at each level of coverage:

It’s important to note that each level of coverage has certain exclusions and limitations, so be sure to read the fine print carefully before making your selection.

How much does Turo insurance cost?

The cost of Turo insurance varies depending on several factors, including the level of coverage you choose and the state you’re renting in. To give you an idea of how much you can expect to pay, here’s a breakdown of the average cost of Turo insurance by level of coverage:

Basic insurance

Basic Turo insurance typically costs around $5 per day. This level of coverage provides limited liability protection up to the state minimums, which can vary depending on where you’re renting.

Standard insurance

Standard Turo insurance typically costs around $18 per day. This level of coverage provides liability protection up to $1 million, as well as collision and comprehensive coverage with a $3,000 deductible.

Premium insurance

Premium Turo insurance typically costs around $36 per day. This level of coverage provides liability protection up to $1 million, as well as collision and comprehensive coverage with a $500 deductible. It also includes additional benefits like 24/7 roadside assistance and a $0 liability insurance policy.

It’s important to note that these are just average costs, and your actual cost may vary depending on several factors. Additionally, Turo may offer discounts or promotions that can help reduce the cost of insurance.

FAQ

Do I need to buy Turo insurance?

In most cases, you’ll need to purchase Turo insurance in order to rent a car through the platform. However, if you have your own car insurance policy that covers rental cars, you may be able to decline Turo’s coverage. Be sure to check with your insurance provider to see what kind of coverage you have before renting through Turo.

What happens if I get into an accident?

If you get into an accident while renting a car through Turo, you’ll need to follow the platform’s guidelines for reporting the incident. You’ll also need to work with Turo’s insurance provider to file a claim and get any necessary repairs done.

Can I add additional drivers to my rental?

Yes, you can add additional drivers to your Turo rental. However, each driver will need to be approved by Turo and may need to pay an additional fee for insurance coverage.

What happens if I decline Turo’s insurance?

If you decline Turo’s insurance and instead rely on your own insurance policy, you’ll need to provide proof of coverage to Turo before you can rent a car. Additionally, if you get into an accident, your personal insurance policy will be responsible for any damages or injuries that occur.

Can I cancel my Turo insurance?

Yes, you can cancel your Turo insurance at any time by contacting the platform’s support team. However, if you do cancel your insurance, you’ll need to provide proof of coverage from another provider before renting a car through Turo.

Conclusion

If you’re planning on renting a car through Turo, it’s important to factor in the cost of insurance when budgeting for your trip. Turo offers several levels of coverage, each with its own price point and benefits. By understanding your options and considering your individual needs, you can choose the right level of coverage and ensure a safe and enjoyable rental experience.