Carsharing platforms allow users to list personal vehicles for rent – NBC 6 South Florida
Antonio Desir loves cars.
“It’s my baby here,” he said, gesturing to a white Jeep Wrangler.
Antonio started renting his Jeep in April when he signed up to host on Turo, an online platform that allows people like Antonio to rent their cars.
“I probably won… maybe $ 70,000,” he said.
Since signing up, business has been booming for Antonio, allowing him to increase the number of cars he rents on the platform.
“I went to three and four,” he said. “Because business was going so well, I decided to have 16.”
He started this business as a way to have extra income.
“After I quit my job, I wanted to be independent,” he said.
Antonio is not alone.
“There has been record interest in Turo hosts joining the community for the first time,” said Andrew Mok, Director of Marketing for Turo.
Mok said they were seeing more and more people turning to their platform for money, as well as an increase in the number of people turning to Turo for car rental.
“A lot of guests discovered Turo for the first time because car rental prices were either very high or there was no rental car available,” Mok said.
Users can search the Turo site for a specific car or destination. Click Miami, and you can rent anything from a BMW 7 Series to a Tesla to a 2016 Subaru Legacy.
“You get a car from a real person,” Mok said.
Getaround, another popular carsharing site, also saw more activity.
“In South Florida alone, we have seen the number of hosts sharing their cars increase by more than 70% since January,” said Pat Notti, vice president of marketing and operations for Getaround.
Cars listed on the Getaround site are available for hire by the hour, and what’s available tends to be closer to your typical economy or midsize car. Their user base tends to be people looking for an alternative to car ownership, Notti said.
“When you look at the platform, you will see a lot of cars that you would like to use in everyday life,” Notti said.
Getaround and Turo both offer insurance coverage to those who use their platforms to rent their vehicles.
“It’s protection for certain items, certain areas of coverage for a vehicle,” said Mark Friedlander of the Insurance Information Institute. “It is not the same as buying a trade policy.”
That’s why most people who rent their cars on peer-to-peer platforms should consider purchasing a commercial auto insurance policy, Friedlander said.
“First, talk to your insurance agent to make sure you understand the ramifications of coverage and what you need to do to be fully protected,” he said.
Antonio, meanwhile, chose to get a trade policy for his cars because he was focused on growing his car fleet.
“I want to see if I can lay down,” he said. “If I could have about 30, I’d probably be happy with that.” “