Does auto insurance cover renting my car out?

Can I rent out my car without car insurance?

You need to have individual auto insurance to rent out your car on a peer-to-peer site. Turo, for example, requires all car owners to have the minimum requirement of their state before listing the car on the site or app. Additionally, when you host on Turo, you’ll need to select a protection plan covering third-party liability insurance; other companies like Getaround offer a single protection plan that you’re automatically opted into. These requirements, which act as proxy insurance for renting out cars, are waived if you invest in commercial insurance (which may only be practical if you’re planning to rent out multiple cars on a car-sharing site).

Am I covered by my auto insurance if I’m renting a car from a ride-sharing network?

Yes, in most cases, your personal auto insurance does extend to cars that you rent. This means the limits and deductibles associated with your policy will also apply, so if you have both collision and comprehensive coverage, for example, these extensions are also in effect when you’re behind the wheel of a car you’ve rented from a peer-sharing network.

Additionally, if you don’t have auto insurance or would like additional temporary coverage, peer-to-peer companies let you opt into auto insurance for the time that you’re renting. These rates generally fluctuate depending on the level of coverage you want and the cost of the car you choose to rent.

Always refer to your own individual policy for explanation of coverage, or call your local Bolder Insurance Advisor for details.

This article is provided by Progressive Insurance, A Bolder Insurance partner.