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This option clearly entails some risk, but more and more services are intended to allow you to rent your car when you do not use it yourself. The concept is that rather than renting a car from a traditional car hire agency, you can rent from a fleet of personal vehicles.
Turo, for example, allows you to list your car as a "local host" at rates that they are expected to be 35% lower than traditional agencies. When you indicate that your car must be rented via Turo, the company sets the rental price of the car according to the market value, your location, the time of year and "other data sets" . You can also manually set your own price by the day. As a result, "more enjoyable" and newer vehicles would be subject to higher rates.
And, despite some risks, Turo is insured, covering host cars with liability insurance of up to $ 1 million – and it is completely free to register your car on Turo, without monthly fees or buy-in .
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