Getaround partners with Lula for off-rental insurance program

Carsharing marketplace Getaround is now working with insurance technology company LULA Technologies to offer an off-trip insurance solution.

The coverage costs $79 per month per vehicle for hosts who then benefit from commercial auto-liability, comprehensive and collision coverage while their vehicles are off-trip.

Note that the program is currently available in select states and to qualify for Lula’s insurance program, vehicles can be valued up to $75,000, have less than 130,000 miles and be equipped with the Getaround connect device, an electronic device installed in Getaround cars that provides GPS tracking, anti-theft functionality, and cellular communications to a secure network for the purpose of car sharing.

Here’s the email sent to hosts:

Founded in 2020, Lula offers APIs to trucking companies, rental car agencies and fleet operators to integrate commercial insurance from different carriers including Apollo Underwriting and Assurant .