Turo does not automatically provide insurance coverage for either hosts or renters. However, both hosts and renters have multiple protection plans they can choose from or decline if they have their own applicable commercial or personal auto policies.
Turo Insurance for Renters
Turo offers renters a variety of protection plans, including:
- Minimum: This plan provides basic liability coverage of up to $750,000 for bodily injury or property damage caused to others in an accident. It does not provide any coverage for physical damage to the Turo vehicle.
- Standard: This plan provides the same liability coverage as the Minimum plan, plus physical damage coverage for the Turo vehicle. The Standard plan has a deductible that varies depending on the type of vehicle and the renter’s age.
- Premium: This plan provides the same coverage as the Standard plan, but with a lower deductible.
Turo Insurance for Hosts
Turo offers hosts a variety of protection plans, including:
- Basic: This plan provides basic liability coverage of up to $750,000 for bodily injury or property damage caused to others in an accident. It does not provide any coverage for physical damage to the host’s vehicle.
- Premier: This plan provides the same liability coverage as the Basic plan, plus physical damage coverage for the host’s vehicle. The Premier plan has a deductible that varies depending on the type of vehicle.
- Superhost: This plan provides the same coverage as the Premier plan, but with a lower deductible.
Personal Insurance for Turo Rentals
Some personal auto insurance policies may cover peer-to-peer car sharing rentals, but it’s important to check with your insurance company to be sure. If your personal insurance policy does not cover Turo rentals, you will need to purchase a Turo protection plan.
Credit Card Insurance for Turo Rentals
Some credit cards may offer rental car insurance coverage, but this coverage typically only applies to traditional rental car companies, not peer-to-peer car sharing services. It’s important to check with your credit card company to see if your card offers rental car insurance coverage and whether it applies to Turo rentals.
Choosing the Right Insurance for Your Turo Rental
The best way to choose the right insurance for your Turo rental is to consider your individual needs and risk tolerance. If you are a renter, you should consider the value of the Turo vehicle and your ability to afford the deductible in the event of an accident. If you are a host, you should consider the value of your own vehicle and your ability to afford repairs if the vehicle is damaged while rented out.
If you are unsure which insurance plan is right for you, you can contact Turo support for assistance.