The deductible —in Argentina it's called franquicia— is the amount the driver pays when there's an accident or incident. The insurance covers everything above that amount. If there's no incident, the deductible isn't charged.
How is it different from the security deposit?
They're two different things that often get mixed up:
Security deposit | Insurance deductible | |
When is it charged? | Before the rental, as a hold | Only if there's an incident and the insurance kicks in |
Is it refunded? | Yes, if the trip ends without incidents | No, it's the cost the driver takes on |
What is it for? | Covering damage or charges without using the insurance | The limit of the driver's liability |
In short: the deposit is a temporary hold that's released when the rental ends. The deductible is what you pay if there's an accident.
How much is the deductible?
It depends on the country, the insurance plan and —in Argentina and Mexico— the type of vehicle. The driver chooses the plan when booking.
Country | Basic | Gold | Platinum |
🇺🇾 Uruguay | 800 USD | 400 USD | 200 USD |
🇲🇽 Mexico | 20,000 / 45,000 / 65,000 MXN | 12,000 / 27,000 / 39,000 MXN | 4,000 / 18,000 / 26,000 MXN |
🇦🇷 Argentina | $1,861,930 / 2,234,316 / 4,344,504 | $930,965 / 1,117,158 / 3,103,217 | $471,689 / 844,075 / 1,861,930 |
How do I lower the deductible?
By choosing a plan with more coverage when you book.
Basic: highest deductible, lowest price per day.
Gold: deductible cut roughly in half.
Platinum: the lowest deductible of the three. It doesn't go down to zero in any market: it's 200 USD in Uruguay, 4,000 MXN for a sedan in Mexico, and in Argentina it matches the security deposit, so you aren't charged anything beyond it.
What if the damage costs less than the deductible?
If the repair costs no more than the deductible, the insurance isn't used and the driver covers the cost.
Does the deductible also protect the host?
No. The host is covered by the insurance and gets paid without depending on the driver.
Frequently asked questions
Is the deductible charged every time there's an accident?
Only if the accident causes damage that triggers the insurance. If the damage is very minor —a small scratch, for example— and costs less than the deductible, the driver pays for the repair.
If a third party caused the accident, do I still pay the deductible?
If the party at fault has valid insurance, the claim can be handled with that insurer. TripWip needs the third party's details —name, contact and license plate— at the time of the incident.
Can the host see my insurance plan?
Yes. The driver's insurance is shown in the booking details, and the host can see it before accepting the trip.
Values verified on September 15, 2026.
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