Yes, the 40% commission you pay to Getaround is partially to help pay for insurance. It works much like a personal auto insurance policy — when a renter uses your car, they’re covered for up to $1 million by a company called Broadspire. This policy includes comprehensive, collision, and liability coverage. The insurance policy covers both you and the renter during an active trip. It does have a $1,000 damage fee per incident that the renter will be responsible for should something happen. If the car in question is an exotic one or a new car with an MSRP (manufacturer’s suggested retail price) over $80,000 or a classic vehicle that’s over 35 years old, the damage fee goes up to $2,500.