Not only do you get to earn some extra income, but you also get to meet new and interesting people from all walks of life.
With Turo, renters can choose from a wide selection of different cars, and the prices are often much lower than what you would pay at a rental agency. But what if you have your personal auto policy with Progressive? Does Progressive cover Turo?
Does Progressive Cover Turo?
The question of whether progressive covers Turo is one that I will be answering based on whoever is asking. Most insurance companies such as Geico have been on record for not covering Turo for both hosts and Guests
.
Does Progressive cover Turo?
For Guests;
Yes. Progressive does cover Turo. If you have a Progressive auto policy, it will extend to your Turo rentals. Progressive does not discriminate on peer-to-peer car-sharing platforms such as Turo. Read on to find the fine details you don’t want to miss.
Although they haven’t indicated on their website that they cover Turo rentals, we carried out exclusive research and reached out to agents within our reach to get the information just for you.
However, it is important to note that Progressive will cover up to the limits of your auto policy. The car you are renting should be in the same car class as your own (the one covered). That means if you drive a brand-new full-size car and rent a compact car, you’re good to go. But if you own a regular car and you get a car with many bells and whistles on Turo to roll around the hood on the weekend, it gets tricky.
In this case, you may need to beef up some coverage since you’ll be covered up to the limits of your policy.
If you have a policy with Progressive, be sure to confirm the coverage limits and all other questions with your agent before going for that ride.
You May Also Read // Does AAA Cover Turo?-(All You Need to Know)
For Hosts;
For hosts, Progressive does not cover your car when you rent it out on the Turo platform. Just like Geico and Allstate, your personal auto policy will only cover you when you are driving it.
Your policy will cover a neighbor who borrows your car but not when you rent it on Turo. This is simply because renting is a business and Progressive like most insurance companies does not cover the business use of your car.
The issue with most insurance companies is that Turo is some sort of a new problem in the market with a lot of frequent claims. This scares insurance companies.
The assumption is that if the renter damages a vehicle, the host will notice the damage and file a claim through Turo.
A host may delay inspecting the damage and can no longer claim with Turo. When a claim can no longer be filed through Turo, the host will file with their insurance provider saying that the car was damaged while it was parked. To avoid making losses some insurance companies avoid covering cars on Turo and others like Progressive and Allstate don’t declare publicly and to their customers that they cover guests on the Turo platform.
Insurance Options
These are the options available for Turo hosts;
- Upgrade to a commercial policy
- Use Travelers protection package via Turo
Read Also// Does State Farm Cover Turo Rentals?-(Turo Insurance)
Upgrade to a Commercial Policy;
Upgrading your personal auto policy is a way of getting your Turo car properly covered. According to coverage.com, claims involving business vehicles are much more expensive than those involving personal vehicles. This explains why they are quite expensive. It might strain your finances more.
This is offered by Top companies such as;
- Progressive
- Allstate
- Geico
- State Farm
Use Travelers Protection Package via Turo
In Turo, liability protection is available through Travelers Excess and Surplus Line Company. Remember that if in case you have personal insurance, it will kick in before your Turo protection plan.
For Hosts
It is important for a host to choose the protection plan that makes sense to him or her.
If you are opting for this protection, a percentage of the trip cost is taken by Turo.
Every protection plan includes liability insurance, physical damage reimbursement, and access to 24/7 road assistance.
Here are the 5 packages available for hosts;
| Protection Plan | Plan Price | Deductible |
|---|---|---|
| 90 | 10% of the trip price | $2500 |
| 85 | 15% of the trip price | $1625 |
| 80 | 20% of the trip price | $750 |
| 75 | 25% of the trip price | $250 |
| 60 | 40% of the trip price | $0 |
With a 60-protection plan, a host has to pay absolutely zero deductible but remember Turo takes 40% of the trip cost. It has benefits such as;
- Rental reimbursement coverage of up to $50 per day with a 10-day maximum.
- Exterior wear and tear reimbursement.
- Pays for loss of income while your vehicle is being repaired.
With the lowest protection plan being 90, Turo will take 10% of the trip cost and in case you get into an accident, there will be a $2500 deductible and there will be no replacement vehicle reimbursement during a repair. Also, the 90-plan does not cover exterior wear and tear and also loss of hosting income during the repair.
For the 80 & 85 plan, they will be no replacement vehicle during the reimbursement, it does not include exterior wear and tear and loss of hosting income during the repair.
The 75 plan does not include exterior wear and tear and loss of hosting income during the repair but includes a $ 30-per-day replacement vehicle reimbursement during a repair.
Read Also // Does USAA Cover Turo in 2023?-(For Guests and Hosts)
For Guests
You will choose between three protection plans which provide different levels of coverage;
- Premier
- Standard
- Minimum
These protection plans cost a percentage of your total trip price.
| Coverage | Premier | Standard | Minimum | Decline |
|---|---|---|---|---|
| Cost | 65% to 100% of the trip price | 40% of the trip price | 15% to 25% of the trip price | No cost |
| Minimum charge per day | $14 | $12 | $10 | No cost |
| Coverage limits | Up to 750,000 Up to $1250000 in NY | The minimum amount of third-party liability insurance coverage required by the state. | The minimum amount of third-party liability insurance coverage required by the state. | The minimum amount of third-party liability insurance coverage required by the state. |
Minimum
- Cost: 15% to 25% of the trip price. Minimum of $10/day.
- Third-party liability coverage: Minimum amount required by the state.
- Deductible: $3,000.
Standard
- Cost: 40% of the trip price. Minimum of $12/day.
- Third-party liability coverage: Minimum amount required by the state.
- Deductible: $500.
Premier
- Cost: 65% to 100% of the trip price. Minimum of $14/day.
- Third-party liability coverage: Up to $750,000.
- Deductible: $0
To buy the premier package you must be 21 years or older. Also, it is not available for all vehicles or trips.
Concluding Thoughts (Summary of Does Progressive Cover Turo)
In Conclusion, guests are lucky that Progressive covers them when they get a Turo car. It joins a list of car companies eg. Allstate. Many insurance companies such as Geico are reluctant on Turo coverage.
In my opinion, hosts should get Turo coverage from Turo rather than bear the high costs of a commercial policy.