Turo is a car-sharing platform that allows individuals to rent out their personal vehicles to others. The platform offers a Young Driver fee for those renters who are under the age of 25.
The Young Driver fee is a flat daily fee that varies depending on the make and model of the car being rented. The fee ranges from $10 to $35 per day in addition to the rental price.
The Young Driver fee was instituted to cover the increased risk associated with renting to younger drivers, who statistically have a higher likelihood of getting into accidents. The fee helps to offset the insurance costs associated with renting to this demographic.
To qualify for the Young Driver fee, renters must be under the age of 25 and have a valid driver's license. Some car owners may also require renters to have an additional form of insurance coverage to rent their vehicle.
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