There’s a new way for you to make some extra cash, and it involves letting total strangers take your car for a spin. Much like how AirBnB allows you to rent out your home, TURO provides a platform to let you list and rent out your vehicle for a minimum of one day. The app-based business has been operating very successfully in the US for five years now, and has just expanded into Canada (Alberta, Ontario, and Quebec for now).
If you’re worried about insurance (who wouldn’t be), TURO has you covered. Well, as long as you’re already an existing customer of Intact Insurance or Bellair Direct. They’re working on deals with other providers, but in the meantime, clients of those two companies are automatically insured for $2 million if they chose to list their car.
Wondering if you need your own insurance as a renter as you often do with traditional car rental companies? Well, you don’t! Not only do you not need to worry about whether or not you’re covered for any accidental damage, the rental also includes free 24-hour roadside assistance. Sweet deal, right?
Hold on to your hats because it gets even better. The average rental price works out to be about 30% less than the usual suspects like Enterprise, or Hertz, and the selection of cars is growing every day. This means you can save some cash on your next road trip, or work on paying off your car even faster by renting it out.
So,whether you have a family holiday coming up and you need a little more elbow room, or you want to impress some clients with a fancy ride, TURO might just have the wheels you need.