How Much Does Insurance Through Turo Cost
Saturday, May 2, 2026
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How Much Does Insurance Through Turo Cost?
What is Turo?
Turo is a peer-to-peer car rental service, often referred to as the "Airbnb of cars". It allows people to rent out their vehicles to others for a fee. This can be a great way to make some extra money, as well as to save money if you're looking for a rental car. But before you can start renting out your vehicle, you'll need to understand the insurance requirements.
What Kind of Insurance Does Turo Offer?
Turo offers a variety of insurance options depending on the type of vehicle you’re renting out. If you’re renting out a personal vehicle, you’ll need to opt-in to Turo’s commercial insurance policy. This covers liabilities such as bodily injury and property damage. It also covers physical damage to the vehicle by offering a deductible, which is the amount you’d have to pay out of pocket before Turo’s insurance kicks in.
How Much Does Turo Insurance Cost?
The cost of Turo’s insurance policy will depend on the type of vehicle you’re renting out. The policy can range from $15 to $150 depending on the vehicle. It’s important to note that you’ll only be responsible for the cost of the insurance if there’s an accident or if the car is damaged while it’s being rented out. If the car isn’t damaged during the rental period, you won’t be responsible for any of the costs.
What Other Insurance Do I Need?
In addition to Turo’s insurance policy, you may also need to purchase additional insurance depending on the laws in your state. Some states require that you carry additional liability insurance for the vehicle. You may also need to purchase an insurance policy that covers any damage to the vehicle caused by the renter.
What About Collision Insurance?
Turo’s insurance policy does not cover any damage to the vehicle caused by the renter in the event of an accident. If you want to protect your vehicle from collision damage, you’ll need to purchase additional collision insurance. This type of insurance is offered by many insurance companies, and the cost will depend on the type of vehicle you’re renting out and the deductible you choose.
Conclusion
Insurance through Turo can be a great way to protect your vehicle while it’s being rented out. The cost of the insurance will depend on the type of vehicle you’re renting out, as well as any additional coverage you need. It’s important to understand all of the insurance requirements before you start renting out your vehicle, so that you can make sure you’re adequately protected.
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