Cambridge Catalyst Issue 08 Web


Sharing your car on Turo could net you over £500 a month

f you have a car, and you’re looking for ways to make some extra cash in time for

Christmas, you may wish to consider the exciting new car sharing app, Turo. Part of the sharing economy, Turo provides a platform that allows eligible car owners to make money by sharing their cars with other verified drivers whenever they’re not using the car themselves. The average Turo host makes £574 per month and every car listed in the UK is covered by £20 million in liability insurance through Turo’s insurance partner, Allianz. Since launching two years ago in the UK, Turo has built a community of more than 250,000 Brits with more than 13,000 cars listed across the UK — from cute and tidy Ford Kas, to roomy Land Rover SUVs, and pretty much everything in between. The popularity of the service has also risen in parallel with the Covid-19 pandemic, as people search for cleaner and safer alternatives to public transport.

the impact this can have on people’s lives, without really having to do much work.” Neil Forbes began sharing his car when Turo launched in the UK, and has since gone a long way towards offsetting the costs of maintaining his Jaguar XF. “My first concerns when joining Turo were about how the car would be insured,” he says. “I got past that when I discovered Turo’s insurance was very transparent. Within the first month, I made more than £500 from just four bookings!” Turo fits in well with Cambridge’s ongoing commitment towards sustainability. By reducing individual car ownership, Turo can help towards reducing CO2 emissions and benefits residents by easing congestion and freeing up local parking spaces. As an exclusive offer to Catalyst readers, Turo will match the first £100 you make from sharing your car on Turo if you list your car and complete a trip before 31 December*. Simply email after completing your first trip to qualify.

According to Turo’s UK director, Xavier Collins, the company’s mission is to put the world’s 1.5 billion cars to better use while also empowering car owners to turn a depreciating asset into a positive source of extra income. “Our top hosts earn thousands of pounds a month sharing out a car that typically sits there idle 95% of the time,” he says. “It’s been amazing for me to see

ABOVE Neil began sharing his car two weeks af ter Turo’s UK launch, and made more than £500 in his first month

Our top hosts earn thousands of pounds a month sharing out a car that typically sits there idle 95% of the time"

*Terms apply. Visit for full details.




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