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What is Turo's business model?
I've heard about this app for renting, but I'm not clear on how it makes money. How does it work?
Sophie Newman · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Turo is a car rental marketplace where travelers can rent directly from car owners.
For example, drivers wanting to rent a car in San Francisco can rent directly from people who own cars in San Francisco rather than going through a rental agency.
It’s similar to the model of Airbnb in that the company takes a cut from connecting drivers with hosts. Turo also partners with
Liberty Mutual
to provide car insurance
for drivers and hosts.” View full answer
- Gregory R.
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