2 ms·

$750k of coverage is crazy good. Most auto insurance isn't that good (e.g. my insurance is good and covers up to $300k per incident, $100k per person.) If you'r

$750k of coverage is crazy good. Most auto insurance isn't that good (e.g. my insurance is good and covers up to $300k per incident, $100k per person.) If you're not making national news, you're not accumulating $750k of liability. I'd be surprised if you had that coverage for your day-to-day driving without buying a supplemental umbrella policy. Turo actually charges a hefty premium for the $750k policy: https://support.turo.com/hc/en-us/articles/203991150-Summary-and-cost-of-protection-plans-US-guests https://support.turo.com/hc/en-us/articles/203991150-Summary... Most Turo renters are going to pay for one of the cheaper plans, which are 25-40% the cost of the $750k policy and only cover the state minimums. You can read the state minimums here to see how much smaller they are than $750k. https://www.nerdwallet.com/article/insurance/minimum-car-insurance-requirements https://www.nerdwallet.com/article/insurance/minimum-car-ins...

AlexCoventry 5y ago
> I'd be surprised if you had that coverage for your day-to-day driving I know I'm a relatively cautious and responsible driver, though, so I can make a reasonable assessment that that's an acceptable risk for me. People renting their cars out through this service don't know anything about who's going to drive their cars.
- 1123581321 5y ago
  They know some as the underwriting is performed by Turo’s insurance partner. The car owner also holds their own commercial insurance policy, which examines Turo’s driver-side policy as part of underwriting. Also, you’re still misunderstanding auto claim sizes; to choose $100/300 isn’t to make an acceptable risk judgment. It’s to be covered in effectively every situation even if you were a reckless driver. As a reckless driver, your frequency of claims would be higher, so your premium will be higher, but your claim sizes will still fit in a fairly narrow band. $750k with zero deductible is a shiny number designed to sell their very expensive premium policy. (To be clear, I don’t mind that they offer it.)

AlexCoventry 5y ago

> I'd be surprised if you had that coverage for your day-to-day driving I know I'm a relatively cautious and responsible driver, though, so I can make a reasonable assessment that that's an acceptable risk for me. People renting their cars out through this service don't know anything about who's going to drive their cars.

1123581321 5y ago
They know some as the underwriting is performed by Turo’s insurance partner. The car owner also holds their own commercial insurance policy, which examines Turo’s driver-side policy as part of underwriting. Also, you’re still misunderstanding auto claim sizes; to choose $100/300 isn’t to make an acceptable risk judgment. It’s to be covered in effectively every situation even if you were a reckless driver. As a reckless driver, your frequency of claims would be higher, so your premium will be higher, but your claim sizes will still fit in a fairly narrow band. $750k with zero deductible is a shiny number designed to sell their very expensive premium policy. (To be clear, I don’t mind that they offer it.)