Some hosts on Turo are happy to get one book a month while others are disappointed if there are any days open. How much Turo pays hosts depends on several factors and is not a straightforward answer. Hosts can earn revenue in a variety of ways through the Turo platform. Some hosts dedicate vehicles 24/7 to Turo while others only dedicate a few days per month.
Generally, Turo pays hosts about $10,000 annually per full-time car. This however is not how much Turo pays each host because of the several variable factors. Hosts can earn revenue by trip prices, extras such as pre-paid gas, guests going over mileage limits, and many other methods. Profitability can depend on car payments, protection plan selection, claims, and more.
After being on Turo as an all-star host for about a year now, I’ve been able to see how much Turo not only charges guests but how much of it ends up in a host’s pocket. Turo has fees they charge that change based on several factors. A host’s insurance selection and the amount and number of claims both have a lot to do with profitability. While there are some great tax deductions for running a Turo business, they aren’t included in this article. Let’s break down how much Turo pays its hosts including screenshots of my payouts from Turo.
Here Is How Much Turo Pays For Trip Prices
The biggest money maker for hosts is the daily trip price. Regardless of how far a guest drives or if they choose any add-ons, the trip price is always guaranteed. Add-ons and invoices are great ways to increase your earnings but you can always count on your trip price.
Below is a screenshot of my earnings from one of my guests. It’s important to keep in mind that I am on the Turo 60 plan. If you want to know more specifics about the Turo 60 plan and other plans, click here. The host only takes 60% of the earnings from the trip price.
As you can see, I earned $115.20 which is 60% of the total trip price of $192. People often ask me how much I charge to rent out my Vanderhall. Even though I charge guests $100, I don’t keep the full amount. Even though Turo can take a large portion of your earnings, I still think using the platform is worth it.
When the renter is booking your vehicle, the “Turo fees” can vary depending on the driver’s history and age. However, the Turo fees on your trip should not exceed the percentage that you are guaranteed from your protection plan. There are also other areas to increase your earnings regardless of your daily price.
Here Is How Much Turo Pays For Extras
Add-ons are Turo’s version of an up-sell. Guests can only book extras before their trip begins which is an incentive to book them when booking the vehicle. Or, they can submit an alteration request for you to approve/deny. For example, I offer a GoPro camera, luggage rack, unlimited mileage, helmets, and pre-paid fuel available for anyone. For me, roughly 1/3 of guests usually choose an extra.
This guest above paid for the luggage rack for an additional $19. It takes me just a couple of minutes to attach the luggage rack so it’s a win-win for me and the guest. Turo only takes 10% of earnings from extras so out of the $19 from this luggage rack I kept $17.10. Extras are a phenomenal way for Turo hosts to make up for the lost earnings that Turo takes from the protection plans.
Sending guests incidental invoices is also a great way to earn some extra earnings.
Here Is How Much Turo Pays for Incidental Invoices
Incidental earnings, although sounding bad, is a way to send invoices to guests post-trip. These invoices can be for things like extra mileage costs if they went over the limit, not filling up the car when dropping it off, or paying for parking tickets, etc.
One of my favorite ways to earn extra revenue is when guests don’t drop the car off with a full tank of gas. When you go to fill it up you can not only charge them for the amount of gas but also a $10 convenience fee. My second favorite is when guests go over their mileage limits. It’s an easy way to earn a few dollars and gives you the host a chance to be nice to the guest: “You went 50 miles over, but I’ll just charge you for 40 miles.”
Even though you can earn some extra cash with incidental invoices and extras, claims can get you some big money in return. Let’s just hope that your vehicle is fine…
Here Is How Much Turo Pays Hosts For Claims
Claims are something that hopefully something that you don’t have to have many of. On the contrary, it is also something that help put extra cash in your pocket.
Whenever you file a claim with Turo, you will have the option to work with the guest, or bypass the guest. Then, depending on your guests insurance selection, they will have to pay a deductible if there is enough proof of pictures before and after trip photos.
For the most part, this process goes smoothly and I haven’t had any contention with guests. I would very highly recommend taking at LEAST 40 pictures before and after. Taking a lot of pictures saved me from the curb rash incident below.
One guest let me know he, unfortunately, rubbed the rim against a curb on his trip. Luckily, he chose the best protection plan which required a $0 deductible on his end. After sending pictures to Turo of the damage and showing the curb rash was not there before the trip, Turo was quick to respond after filing a claim.
Turo then sent pictures to their third-party team to analyze how much it would be to fix the damage. In this case, since the curb rash was pretty deep, I was given reimbursement for the cost of replacing the entire wheel. The Turo representative told me that I didn’t have to get a wheel replacement, but if the costs were higher than the reimbursement I could submit receipts for more reimbursements.
I figured more guests would probably get more curb rash on the wheels, so I decided to sand the rim, throw some touch-up paint on it, and pocket the reimbursement. You can only tell if you get really close. However, thanks to Turo’s claim process I pocketed an extra $470.68 from a scratch on the rim.
Does Turo Pay Hosts Enough?
Turo does not haggle any host’s earnings. Their guidelines are set for hosts who can determine the majority of their earnings by setting their trip price and choosing the right car for their area. Turo also pays hosts when guests choose extras, don’t fill up the vehicle with gas at the end of a trip, or go over the mileage limit, and reimbursements for claims.
