Does Geico Cover Turo Car Rentals? Finding an Authentic Answer

Drivers love using Turo in the USA as it lets car owners and renters directly rent cars from each other. However, multiple hosts and guests wonder, Does Geico cover Turo car rentals? But the answer isn’t so simple.

No, the last thing Geico offers is insurance for Turo. You know what? Let me explain myself here and give you honest feedback.

Don’t worry; you’ll have your answer, and I’ll make my point as understandable as possible. Now, let’s not waste more time and dive into the topic. Come on!

Does Geico Cover Turo Car Rentals?

GEICO DOES NOT COVER TURO CAR RENTALS because it views Turo as a ride-sharing app like Lyft. And as Geico does not offer insurance to any peer-to-peer car applications, Turo is out of their list.

However, if you’re driving the car for personal use, Geico will cover you. But brings us to square 1. Geico won’t cover you if your car is used as a Turo vehicle. But does it cover guests when they rent a Turo car?

Let’s find out:

Does Geico Cover Guests and Hosts When They Rent A Turo Car?

Geico, along with several other car insurance companies, doesn’t offer any kind of insurance to ride-sharing companies. That’s because Geico gets a huge amount of claims from vehicles listed with Turo.

According to researchers, such things happen because hosts fail to notice the damage while they take place. And file a complaint only when they use it. However, till then, they aren’t sure how it took place.

So, Geico avoids offering Turo hosts and renters altogether and instead offers insurance to traditional car renting companies.

But all’s not bad on Turo’s front, as the company offers protection plans to hosts and guests. Now, understand Turo’s insurance policies.

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Understanding Turo Insurance Policy

Turo offers their guests and hosts two types of liability protection programs. They’re Travelers Excess and Surplus Line Company.

However, please remember that if you’ve personal insurance, you must avoid it before using Turo’s protection plan.

Now let’s find out the protection plans provided by Turo for their guests and hosts.

For Guests

You can choose three types of protection plans from Turo as a renter. They are:

• Premier Protection Plan
• Standard Protection Plan
• Minimum Protection Plan

Here’s a breakage of the payment plan for each of the protection plans:

Minimum

• It’ll cost you 15% to 25% of the total trip price daily. And per day, you’d have to pay $10
• You’ll receive third-party liability coverage given out by the state
• Your deductibles will be $3,000

Standard

• It’ll cost you 40% of the total trip price, and per day, you’d have to pay $12
• You’ll receive third-party liability coverage given out by the state
• Your deductibles will be $500

Premier

• It’ll cost you 65% to 100% of the total trip price, and per day, you’d have to pay $14
• You’ll receive up to $750,000 as insurance coverage in other states and $1,250,000 in New York State.
• There’ll be no deductibles for a premier insurance

P.s. You must be 21 years of age to buy the Premier insurance package. However, Premier is only available for a selected range of cars.

For Hosts

Turo offers not only insurance plans for guests but for hosts as well.

Moreover, it’s important that hosts too select an insurance plan for their car. As it’s the host who primarily has to bear the financial damage in case of an accident.

There’re three primary plans for every insurance package given out to the hosts. They include:

• Liability insurance
• Physical damage
• 24/7 assistance on the road

However, hosts can avail of up to 5 insurance programs, unlike guests. Let’s take a look at them:

You must remember a few things about code 60 of the protection plan.

• Though you’d have to pay 0 deductible in this plan, Turo will take 40% of the entire trip cost. Thus, if there’s no accident or damage, it’ll be your loss.
• You’ll get a reimbursement of up to $50 every day for 10 days
• If your exterior or interior of the car gets damaged, you’ll get additional money
• You’ll also get a loss of income payment if your vehicle goes for repair.

And if you take Code 90 of the insurance protection plan, you’ll have to spend 10% of the entire trip. Moreover, in case of an accident, $2,500 will be deducted once you receive the insurance payment. Then again, if your car doesn’t suffer any damage, the 10% bargain is a good one.

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Parting Thoughts

Now, you know the answer to “Does Geico cover Turo car rentals?” Geico and various other insurance companies don’t bear any insurance for ride-sharing app cabs. So, buying an insurance plan from Turo or buying personal insurance is better.

However, please read the offer documents carefully before renting a car on Turo. Best of Luck!

FAQs

What is Turo?

Turo is an application through which hosts can rent their cars to quests. However, Unlike Avis and Alamo, Turo itself doesn’t keep any car of its own. It just works as a network connecting hosts and guests to rent cars for personal use. Then again, unlike Uber and Lyft, the host doesn’t drive the guest around in Turo services. Instead, they rent the car to a guest and then return it after the rental contract ends.

Is it Just Turo or Geico Doesn’t Offer Insurance To Any Ride Sharing Apps?

No, Geico doesn’t offer insurance to any ride-sharing application company. It’s because the number of claims from ride-sharing apps is quite high compared to traditional car-renting services. So, apps like Turo, Uber, and Lyft provide personal insurance coverage to hosts and guests. And Turo has a range of insurance plans for guests and hosts.

Can I Become a Host on Turo?

If you have a car above 21, you can become a Turo host. However, please read their offer documents carefully before renting your car out on Turo. Otherwise, if anything happens to your car, nothing can bring it back.