However, many car insurance companies are specifically excluding coverage for Turo vehicles. Through Turos insurance partner, Liberty Mutual, youll have up to $750,000 in liability coverage (depends on the plan you choose). If youre renting a car from a peer-to-peer host, you have two options: buy a protection plan from Turo or use a personal car insurance policy. According to most insurance companies, Turo is not the same as a rental car. Turo Car Insurance: How Does it Work? | The Zebra On average, you can expect to pay 20-35% less than what you would pay at a traditional rental car agency. If you already have a personal auto policy with Farmers that includes liability, comprehensive, and collision coverage, this Your personal car insurance policy wont cover the cost of any damages if you wreck your rental car. Because of this minimal coverage, rental companies sell supplemental liability insurance at the counter. How Does Turo Insurance Work? - ValuePenguin She married her husband and began working in the family insurance business in 2005. Turo offers liability coverage to guests at three different tiers: premier, standard, and minimum. California auto insurance discounts However, youll be responsible for any damage that happens to the car during your rental period. What do most hosts do? Rental car companies also offer other types of coverage like loss damage waivers, roadside assistance, and personal accident insurance. Insurance If you choose this option, youll miss out on all the additional benefits of a Turo protection planbut youll be able to take home up to 92.5% of every Turo trip cost., : its very hard to get (or keep) personal car insurance if you rent your vehicle out through Turo. You did not mention that with Turo the driver is responsible for washing, literally detailing, the car at the end. The cost of your plan is based on the amount Turo deducts from the trip pricethat is, the cars rate multiplied by the number of days in the rental period. The minimum amount of coverage is $750,000. How does Turo insurance work? The Standard plan charges 40% of your trip price. You are not automatically insured when you rent a car from Turo. If you never find your stolen car, remember that youre covered up to $750,000 for theft with your Turo insurance plan. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Find out more from Farmers Insurance. If you do not have sufficient coverage through Farmers to cover your rental car, you can purchase insurance from your rental car company, or see if it is offered by your credit card company. USA. Geico : Offers coverage for all three periods. Certain cards offer secondary coverage, meaning they pay only after your insurance company has reached its limits. As with Lyft or Uber, youll be in another persons car, but instead of paying someone to take you where you want to go, youll be the one driving. All of Turos protection plans include up to $750,000 of third-party. Her work has been syndicated to USA Today, Yahoo Finance, MSN and more.

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