Everyone tells me “The 60 Plan is a rip-off! You give Turo 40% of your money!” But last month, a guest scratched my rim (Dented my door ($200-600), and lost a key ($400). On the 75 Plan, I would have paid $250 for each claim or ignored them. On the 60 Plan, Turo paid me $1,200, zero questions asked. Here is why high fees might actually save your business.
Key Takeaways
- Cash Flow Consistency: The 60 Plan eliminates the “surprise” $2,500 expense. You pay a predictable fee (the commission) to avoid unpredictable spikes.
- Supplemental Claims: It is much easier to file for small damages (scratches, cleaning, smoking) when you have a $0 deductible.
- Loss of Income: As mentioned before, only the 60 Plan covers Loss of Income. This is insurance against “downtime.”
- Wear and Tear: The 60 Plan often includes coverage for “exterior wear and tear” (dings < 3 inches) that other plans exclude.
The “Why”: The Frequency vs. Severity Argument
Insurance logic:
- High Deductible (90 Plan): Good for “Severity” (Total Loss). Bad for “Frequency” (Small dings).
- Low Deductible (60 Plan): Good for “Frequency.” Turo guests are hard on cars. They scratch wheels constantly.
If you have high-end cars with expensive parts, the 60 Plan allows you to claim every single rim scratch.
The Investigation: The Rim Scratch Test
I have a Tesla Model Y with 20″ Induction wheels.
- Incident: Guest curbs the wheel. Repair cost: $175.
- 75 Plan ($250 Ded): I pay $175. Turo pays $0. I make nothing.
- 60 Plan ($0 Ded): Turo pays me $175.
- Frequency: This happens once a month. Over a year, that is $2,100 in wheel repairs paid by Turo on the 60 Plan, vs $0 on the 75 Plan.
Comparison: Plan Math for a Luxury Car ($100/day)
| Plan | Host Keeps | Monthly Rev (10 days) | Deductible | Pays for Rim Scratch? | Pays for Door Ding? |
| 90 Plan | $90 | $900 | $2,500 | NO | NO |
| 75 Plan | $75 | $750 | $250 | NO | YES (Partial) |
| 60 Plan | $60 | $600 | $0 | YES | YES |
Analysis: You give up $300/month in revenue to get $0 deductible and Loss of Use. If your repair bills avg > $300/mo, the 60 Plan wins.
[IMAGE: Bar chart comparing “Net Profit” of 60 Plan vs 90 Plan assuming 2 minor accidents per month]
Step-by-Step Action Plan
- Analyze Your Car Type:
- Economy (Corolla): Use 75 or 80 Plan. Parts are cheap.
- Luxury (Porsche/Tesla): Use 60 Plan. One headlight costs $2,000. One rim is $800.
- Claim Everything: If you are on the 60 Plan, you must file a claim for every scratch to get your money’s worth. Be ruthless with inspections.
- Utilize Loss of Income: If a car goes to the shop for a bumper, claim the 5 days of lost rent.
- Switch Seasonally: You can change plans. In winter (high accident risk), maybe switch to 60. In summer, switch to 75.
FAQ
Can I change plans for just one trip?
No, the plan applies to the vehicle settings. You can change it, but it applies to future bookings only.
Does the 60 Plan cover tires?
Only if damaged by impact (blowout/slash). Not for normal wear.
Why do “Power Hosts” usually avoid the 60 Plan?
Because they have their own repair shops and can fix a bumper for $100. If you rely on retail body shops, the 60 Plan is safer.