What Is the Cost of Insurance on Turo?

Turo is an online rental platform that allows users to rent out their own cars to other people. Through Turo, you can find a car in your area, book it, and have it delivered right to you. It's an easy and convenient way to rent a car without having to hassle with the rental companies. But what about insurance? What is the cost of insurance on Turo?

What Is Turo Insurance?

Turo's insurance policy is designed to protect both the vehicle owner and the renter from liability. It covers physical damage, theft, and liability. The policy also covers the cost of a rental vehicle if the original vehicle is inoperable. Turo provides three levels of insurance coverage: Basic, Standard, and Premium.

Basic Insurance

Basic insurance is the most affordable coverage option. It provides up to $1 million of liability protection and covers up to $50,000 of physical damage. It does not cover theft, however, and does not include any coverage for the rental vehicle. This is the minimum level of coverage required by Turo.

Standard Insurance

Standard insurance provides up to $2 million of liability protection and covers up to $75,000 of physical damage. It also includes coverage for theft and up to $25,000 of coverage for a rental vehicle. This is the most popular coverage option, as it provides more protection without breaking the bank.

Premium Insurance

Premium insurance provides the highest level of coverage. It offers up to $3 million of liability protection and covers up to $100,000 of physical damage. It also includes coverage for theft and up to $50,000 of coverage for a rental vehicle. This is the most expensive coverage option, but it provides the highest level of protection.

How Much Does Turo Insurance Cost?

The cost of insurance on Turo depends on the coverage level you choose. Basic insurance costs $7.99/day, Standard insurance costs $9.99/day, and Premium insurance costs $11.99/day. The cost of insurance is also affected by the length of the rental period and the vehicle's value.

Is Turo Insurance Worth It?

Turo insurance is worth it if you are renting a vehicle and want to be sure that you are covered in the event of an accident or theft. It provides peace of mind and protects you from financial liability. While it is an additional cost, it is often worth the extra expense for the protection it provides.