Discover Turo's Basic Insurance For Renters Cost

Turo is a car-sharing marketplace that allows car owners to rent out their vehicles to other users. It is a great way to make some extra money by renting out your car and allows you to meet interesting people. But renting out your car also comes with some risks, and that's why Turo offers car owners the ability to purchase basic insurance for their renters.

What is Turo Basic Insurance?

Turo Basic Insurance is a type of insurance that covers the car owner in case of an accident or damage to the vehicle. It provides liability protection for the owner, up to a certain amount, as well as coverage for repair costs, towing costs, and other associated costs. The insurance also covers the renter in case of an accident, including medical payments, property damage, and other associated costs.

How Much Does Turo Basic Insurance Cost?

The cost of Turo Basic Insurance varies depending on the type of vehicle and the amount of coverage you choose. Generally speaking, the cost of basic insurance is between 5% and 20% of the rental rate. For example, if you are renting out a car for $100 a day, the cost of basic insurance could range from $5 to $20 per day, depending on the type of coverage you choose.

What Does Turo Basic Insurance Cover?

Turo Basic Insurance covers the car owner in case of an accident or damage to the vehicle. It provides liability protection for the owner, up to a certain amount, as well as coverage for repair costs, towing costs, and other associated costs. The insurance also covers the renter in case of an accident, including medical payments, property damage, and other associated costs.

What Does Turo Basic Insurance Not Cover?

Turo Basic Insurance does not cover theft, vandalism, or other damages caused by the renter’s negligence. It also does not cover the cost of towing the vehicle if it breaks down due to mechanical failure. If you want more comprehensive coverage, you can purchase additional insurance from Turo.

Conclusion

Turo Basic Insurance is a great way to protect yourself and your car when renting out your vehicle. It provides liability protection for the car owner and coverage for repair costs, towing costs, and other associated costs. The cost of this insurance varies depending on the type of vehicle and the amount of coverage you choose, but is generally between 5% and 20% of the rental rate. If you want more comprehensive coverage, you can purchase additional insurance from Turo.