Does Geico Cover Turo?

Introduction

If you’re planning to rent a car, you may be wondering if your insurance policy will cover you. In the case of Turo, a popular car-sharing platform, the answer may not be straightforward. In this article, we’ll explore whether Geico covers Turo rentals and what you need to know before renting a car through the platform.

What is Turo?

Turo is a peer-to-peer car-sharing platform that allows car owners to rent out their vehicles to people in need of transportation. It’s often described as the Airbnb for cars. Turo users can choose from a variety of vehicles, from sports cars to family sedans, and rent them for a specified period.

Does Geico Cover Turo Rentals?

The short answer is, it depends. Geico offers a range of car insurance policies, but not all of them cover Turo rentals. If you have Geico’s personal car insurance policy, it’s unlikely that you’ll be covered for Turo rentals. However, if you have Geico’s commercial car insurance policy, you may be covered.

What is Geico’s Personal Car Insurance Policy?

Geico’s personal car insurance policy is designed for individuals who own or lease a car for personal use. This policy covers liability, collision, and comprehensive insurance. However, it does not cover car rentals, including those rented through Turo.

What is Geico’s Commercial Car Insurance Policy?

Geico’s commercial car insurance policy is designed for businesses that own or lease vehicles for commercial use. This policy covers liability, collision, and comprehensive insurance. It also covers car rentals, including those rented through Turo.

What Do You Need to Know Before Renting a Car Through Turo?

Before renting a car through Turo, it’s essential to understand the insurance coverage offered by the platform. Turo offers three levels of insurance coverage: basic, standard, and premium. Basic coverage is included in the rental price, while standard and premium coverage are optional add-ons.

Basic Coverage

Basic coverage provides liability insurance up to the state minimums required by law. It also includes physical damage protection for the car’s owner, up to the actual cash value of the car.

Standard Coverage

Standard coverage provides liability insurance up to $1 million. It also includes physical damage protection for the car’s owner, up to the actual cash value of the car. Additionally, it provides coverage for loss of use, which covers the rental car owner’s lost earnings if the car is damaged and cannot be rented out.

Premium Coverage

Premium coverage provides liability insurance up to $1 million. It includes physical damage protection for the car’s owner, up to the actual cash value of the car. It also provides coverage for loss of use and roadside assistance.

Conclusion

In conclusion, Geico may cover Turo rentals, but it depends on the type of policy you have. If you have Geico’s personal car insurance policy, you’re unlikely to be covered. However, if you have Geico’s commercial car insurance policy, you may be covered. It’s important to understand the insurance coverage offered by Turo before renting a car through the platform. Make sure you choose the right insurance coverage for your needs to ensure you’re fully protected in case of an accident.