Not everyone wants to own a vehicle, and those who do may want to put it to use and earn a little extra cash. The peer-to-peer car sharing service Turo works to help both of these parties.
Turo is a website with an associated app that lets you rent out your personal vehicle, or rent one directly from an owner if you’re in need of a car. As a vehicle owner, you can earn extra money — all you have to do is list your vehicle, upload photos, mark the calendar with the days that your car is available to rent, and wait for people to book it. For those looking to rent a vehicle, booking through Turo and its competitors is typically cheaper and more flexible than using traditional car rental services.
Speaking of competitors, this articles lists the top alternatives to Turo for anyone who wants to shop around. There are several quality companies, websites, and apps like Turo.
Turo Overview (For Comparison Purposes)
Turo (formerly RelayRides) is a unique peer-to-peer car-sharing service. Turo is available in more than 5,500 cities and in 300 airports around the world. Vehicle owners list their car for the days they don’t need them, mark a pickup location, and set a mileage limit. Owners typically earn 75% of rental prices and mileage overage fees. Those who need a car can select one to rent from hundreds of options using Turo’s website or mobile application.
Turo requires that most cars available are 2005 or newer and under 130,000 miles (though classics are permitted but under different rules). Cars available to rent must be clean, maintained, and in good driving condition.
Hundreds of unique cars are available for rent on Turo’s site. Unlike a traditional car rental service like Hertz or Enterprise who only offer certain models, you can find everything from a family van to an air-cooled Porsche 911 using Turo.
Turo covers car owners with a $1 million insurance policy or allows car owners to bring their own commercial rental insurance and take a larger cut of the rental price that riders pay. This insurance policy protects car owners against lawsuits for injuries and property damage. Turo also offers 24/7 roadside assistance, so customers don’t have to worry about being stuck if something happens to your vehicle.
Top Turo Alternatives
- How it Works: Getaround is a ride sharing company that allows you to rent out your car for as long or as short of a period as you would like.
- Locations: San Francisco, Berkeley, Boston, Chicago, New Jersey, Oakland, Portland, and Washington D.C.
- Rental Period: Hourly and daily
- What Kind of Car Can I List / Rent? Cars must be 2006 or newer, have fewer than 125,000 miles, and be well maintained.
- Cost to Rent: From $5/hour
- Payment Information: Monthly payment. The average owner makes $6,000 a year.
- Protection: $1,000,000 primary insurance included. Drivers are screened to ensure they have a safe driving record
- Services offered: 24/7 roadside assistance, and ‘Getaround Connect’, which allows renters to locate and unlock cars during a rental and adds security features like GPS tracking, tamper detection, and engine lock.
- More information: Take a look at our more detailed comparison of Turo and Getaround to help you determine which would better suit your needs.
- Get started at Getaround’s website.
- How it Works: HyreCar focuses on renting cars to people who like to drive for Uber, Lyft, or any other on-demand company. Car owners list the availability of cars and individuals can rent them out for a set period of time.
- Locations: Los Angeles, Chicago, New Jersey, Atlanta, San Francisco, Washington DC, Dallas, Philadelphia, San Antonio, San Diego, and more.
- Rental Period: Daily, weekly or monthly. The average rental period is 16 days.
- What Kind of Car Can I List / Rent? Cars must satisfy the guidelines for ride sharing platforms (Lyft, Uber, etc.)
- Cost to Rent: Varies from $35-$65 per day, or $200-$250 for the week
- Payment Information: Earnings vary by location, price, and demand, but HyreCar says owners could make as much as $36,400/year. Average car owners make $14,000/year.
- Protection: Insurance covers $25,000 of vehicle damage and up to $300,000 for liability. There is a $1,000 deductible for all damages. All renters must pass a background check.
- Services offered: HyreCar inspects most vehicles to ensure they are approved for ride sharing platforms.
- Get started at HyreCar’s website.
- How it Works: JustShareIt is a community peer-to-peer car sharing service that connects car owners to locals needing to use a car on a short term basis.
- Locations: Los Angeles, San Francisco, San Diego, Chicago, Miami, Portland, and New York
- Rental Period: Hourly, daily, or weekly.
- What Kind of Car Can I List / Rent? Not specified online.
- Cost to Rent: Varies, car owners set price.
- Payment Information: Car owners keep 60% of rental fees.
- Protection: Insurance and 24/7 roadside assistance. All drivers licenses are run through a DMV background check.
- Services offered: A Ridelink device can be installed which allows renters to unlock the car with the mobile app. JustShareIt monitors cars via GPS and accelerometers. Owners can designate a geographical boundary for their vehicles.
- Get started at JustShareIt’s website.
4. Zimride by Enterprise
- How it Works: Schools and companies sign up and employees and students can connect to a private network to carpool to the same destination. It is the largest ride sharing program in the United States.
- Locations: Nationwide, including at over 125 universities. Check if your company or school has an account.
- Rental Period: Hourly and daily
- What Kind of Car Can I List / Rent? Not specified
- Cost to Rent: Varies. Drivers decide what to charge for a seat in their car.
- Payment Information: Payment through PayPal or credit card.
- Protection: Networks must be approved by Zimride before car sharing is started. Users log in using social media accounts so drivers can see their personal network connections.
- Services offered: 24/7 roadside assistance and customer service. Drivers and riders can post their personal preferences (such as smoking and music choices) to find riders they are comfortable with.
- Get started at Zimride’s website.
Want more details? This extensive analysis of Turo and its competitors from a consumer’s perspective should help you to determine what the best route is for you.
Owning a car can be expensive. Luckily, there are websites and apps out there designed to help relieve that burden by renting out your car for extra money. Most of these companies offer additional services to give you peace of mind while your car is being rented, such as 24/7 roadside assistance, insurance coverage, and sometimes even GPS tracking.
If you don’t own a car but wish to rent one from a website like Turo, there are several options for you. These services offer rentals by either an hourly, daily, or weekly rate.