The Cost of Turo Host Insurance: Everything You Need to Know

Renting out your car on Turo can be a great way to make some extra money while you’re not driving the car. But before you jump in, you should be aware of what the cost of Turo host insurance will be and how it works. In this article, we’ll explain the cost of Turo host insurance and what it covers.

What is Turo Host Insurance?

Turo host insurance is a type of insurance policy specifically designed for Turo hosts. The policy includes liability coverage for bodily injury and property damage, as well as physical damage coverage for your vehicle. Turo host insurance is provided by Turo Insurance Agency, Inc., a subsidiary of Turo. The policy is in effect while your vehicle is listed on Turo and while it is being rented out to another driver.

How Much Does Turo Host Insurance Cost?

Turo host insurance is free for up to $1 million in liability coverage. This coverage is provided to all Turo hosts at no additional cost. This coverage is in addition to the primary insurance policy you have on your vehicle.

If you choose to purchase additional coverage, such as physical damage coverage or excess liability coverage, the cost will vary. Physical damage coverage costs $25 per day, up to a maximum of $250 per rental. Excess liability coverage is also available for an additional cost. This coverage is priced based on the value of your vehicle.

What Does Turo Host Insurance Cover?

Turo host insurance provides liability coverage for bodily injury and property damage, as well as physical damage coverage for your vehicle. The liability coverage includes up to $1 million in coverage for bodily injury and property damage caused by you or your vehicle while it is being rented out on Turo. The physical damage coverage provides up to $50,000 in coverage for physical damage to your vehicle caused by you or another driver while your vehicle is being rented out on Turo.

Do I Need to Purchase Additional Coverage?

You may choose to purchase additional coverage, such as physical damage coverage or excess liability coverage. If you choose to purchase additional coverage, the cost will vary. Physical damage coverage costs $25 per day, up to a maximum of $250 per rental. Excess liability coverage is also available for an additional cost, based on the value of your vehicle.

Conclusion

Turo host insurance is a great way to protect yourself and your vehicle while you’re renting out your vehicle on Turo. The policy includes liability coverage for bodily injury and property damage, as well as physical damage coverage for your vehicle. Turo host insurance is free for up to $1 million in liability coverage, with additional coverage available for an additional cost. It’s important to understand the cost of Turo host insurance and what it covers so that you can make an informed decision about whether or not to purchase additional coverage.