Is Turo covered by car insurance?
Discover the ins and outs of Turo car insurance coverage to safeguard your Turo experience. Understand the extent of coverage provided and unravel whether Turo is covered by standard car insurance policies. Our comprehensive guide equips you with the knowledge needed to make informed decisions, ensuring peace of mind on your Turo journeys. Explore the intricacies of Turo insurance today and protect your investment.
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Laura Walker
Former Licensed Agent
Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...
Former Licensed Agent
UPDATED: May 27, 2023
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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: May 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Turo is a platform that pairs people who want to rent out their cars with people looking to rent cars.
- Your personal car insurance policy won’t cover Turo as this constitutes business use of your vehicle.
- You can purchase car insurance through Turo that is underwritten by Liberty Mutual.
Welcome to our informative article where we address the burning question, “Is Turo covered by car insurance?” If you’re a Turo user or considering becoming one, understanding the intricacies of Turo car insurance coverage is crucial.
In this article, we delve into the key topics surrounding Turo’s insurance policies, exploring the extent of coverage provided and whether it aligns with standard car insurance.
We also shed light on important considerations and provide valuable insights to help you make informed decisions to protect your Turo investment. Ready to find the best insurance rates for your Turo experience? Enter your zip code below and compare rates from top insurance providers. Your peace of mind is just a few clicks away!
Does my insurance cover Turo?
That depends. The Turo system is broken down into guests and hosts, and insurance situations differ between the two.
Hosts, or people who rent out their cars on the Turo platform, are required to have a personal car insurance policy before they can rent their vehicles out on the platform. However, your car insurance policy may not cover any damages that occur.
Since you’re renting your car out for business purposes, your personal car insurance policy won’t take effect. Turo offers their own insurance options for hosts, but you may want to invest in a commercial auto insurance policy as well, just to be safe.
If you’re still wondering, “can I use my own car insurance for Turo?”, the answer is yes, but only if you have a commercial car insurance policy. Compare commercial car insurance rates from at least three different car insurance companies before you buy to find the best deal.
Does my insurance cover Turo as a guest?
As we mentioned earlier, you’ll need to buy commercial car insurance coverage or Turo insurance to host your vehicle. But if you’re a guest who is looking to rent a car, you may be wondering, “will my insurance cover Turo?”
Unfortunately, no. Your personal car insurance policy won’t cover the cost of any damages if you wreck your rental car. Can you insure a car that is not in your name? If you have nonowner car insurance coverage, you could have some liability coverage kick in should you damage someone else’s car.
Turo offers liability coverage to guests at three different tiers: premier, standard, and minimum. The minimum coverage has a $3,000 deductible, so choose standard or premier if you can afford them.
It’s wise to pay for Turo’s liability coverage as your own policy won’t kick in should you wreck your rental car. Nonowner coverage can be a huge relief too, so if your current provider doesn’t offer it, compare car insurance quotes from other companies to find one that does. Commercial liability insurance is another possibility for people who are using a car for business purposes.
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How does Turo work?
Like Airbnb and Uber, Turo works by pairing hosts with guests looking to rent cars. Demand on the app has increased by 70% over the past few weeks according to Yahoo Finance.
Hosts simply have to list their vehicle on the Turo website or app and wait until guests message them about booking their car. Hosts can say how long they are willing to rent out their car and confirm or decline potential bookings at their leisure.
Of course, Turo does have some stipulations. For example, cars must be in decent shape and meet certain standards of drivability. But for the most part, it’s a simple and easy way to earn some extra money.
Now that you know if Turo is covered by car insurance, start shopping today. Enter your ZIP code into our free comparison tool below to buy car insurance from providers near you.
Frequently Asked Questions
What is Turo?
Turo is a peer-to-peer car-sharing platform that allows vehicle owners to rent out their personal cars to others for a fee.
Is Turo covered by car insurance?
Turo provides insurance coverage for both owners and renters through its partner, Liberty Mutual.
What kind of insurance coverage does Turo provide?
Turo provides liability insurance coverage up to $1 million and physical damage coverage for the actual cash value of the car up to the vehicle’s market value at the time of the loss. Additionally, Turo offers a range of protection plans that owners and renters can purchase for additional coverage.
Is Turo insurance mandatory?
Yes, Turo requires both owners and renters to have insurance coverage for any rentals made through the platform.
Does Turo insurance cover all types of vehicles?
No, Turo has restrictions on the types of vehicles that can be rented out through the platform. Certain vehicles, such as those over a certain age or with certain modifications, may not be eligible for coverage.
Are there any deductible fees associated with Turo’s insurance coverage?
Yes, there are deductible fees associated with Turo’s insurance coverage. The amount of the deductible depends on the level of protection chosen by the owner or renter.
What happens if a renter damages the car during a Turo rental?
If a renter damages the car during a Turo rental, Turo’s insurance coverage will apply. The renter will be responsible for paying the deductible amount, and Turo will handle the rest of the claim process.
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Laura Walker
Former Licensed Agent
Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...
Former Licensed Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.