Auto Insurance is usually more expensive
for rideshare drivers, like Uber or Lyft, because you are working out of your car.
Infinity is one of the few car insurance companies to offer additional coverage
for rideshare drivers.
Geico is one of the few car insurance companies to offer additional coverage
for rideshare drivers who work for services like Uber and Lyft.
It's missing some features we'd like to see, like GAP coverage, but we were nevertheless impressed by additions like accident forgiveness for your first at - fault accident and special coverage
for rideshare drivers in 40 states plus D.C.
The cost of rideshare insurance is generally higher under a for - hire livery policy because it isn't exclusively intended
for rideshare drivers.
If you had wanted to become a rideshare driver a few years ago, you probably would have had to purchase expensive commercial coverage that wasn't designed
for rideshare drivers, didn't cover you during personal time, and provided more coverage than you would ever actually need.
Unfortunately, not every insurance company has policies designed
for rideshare drivers in every state.
Available for: Lyft drivers Available in: TX Cost: No information provided Progressive currently has an insurance offering
for rideshare drivers in Texas.
Update, March 2015: Since we published this story, insurance options
for rideshare drivers have started to appear.
Click here to see our round - up of insurance options
for rideshare drivers.
He runs a personal finance blog at Your PF Pro and his latest project is a blog and podcast
for rideshare drivers at The Rideshare Guy
I consider it an integral part of my secondary income portfolio and I actually enjoyed it so much that I started a blog and podcast
for rideshare drivers at The Rideshare Guy.
«By coming together, the Teamsters will help these drivers have a stronger voice and improve standards
for rideshare drivers in California,» said Rome Aloise, international vice president for Teamsters and president of Teamsters Joint Council 7.
Upstate riders deserve to be just as safe as New York City riders — and that means requiring fingerprint background checks
for every ridesharing driver statewide.»
Thankfully, the options
for ridesharing drivers are only increasing and becoming simpler and more affordable.
Not exact matches
At least in the case of
ridesharing companies, these background checks don't always meet the rigor of checks required
for taxi
drivers in certain areas.
Sure,
ridesharing may make it easier
for people to hire a designated
driver after a night of drinking, but that reliability may also may inspire them to drink more and become belligerent or disruptive.
Earlier this year, Uber CEO Travis Kalanick was caught on camera berating one of his
drivers, adding to a list of PR missteps
for the
rideshare company.
The
Rideshare Guy blog reviewed Cargo, saying that it allows
drivers to «earn money on the side by being paid
for whatever is sold or given away through the Cargo box.
Meanwhile, the Keep Driving insurance option gives
ridesharing drivers working
for companies like Uber, Lyft or Sidecar access to a working car in the event that theirs is damaged in an accident.
The Keep Driving program, available
for $ 20 per month, is also available
for delivery
drivers not employed by a
ridesharing company.
This is the latest development in the fight
for drivers of
ridesharing apps to be classified as employees rather than independent contractors.
As the
ridesharing technology megalith continues to add billions to its coffers, here's a breakdown on Uber's
drivers and what motivates them to work
for the service.
Ridesharing startups Uber and Lyft are working to bridge the «insurance gap» with updated protection policies
for their
drivers.
A
driver with the San Francisco
ridesharing service Uber was arrested on suspicion of vehicular manslaughter
for striking and killing a 6 - year - old girl in the city's Tenderloin neighborhood on New Year's Eve, police and company officials said Thursday.
While
ridesharing among family and friends of Tesla
drivers is still fine, the company made it clear that using its self - driving vehicles in this manner
for revenue purposes will only be permitted through its Tesla Network.
Much has been made about the most well - known
ridesharing services, Uber and Lyft, and how they allow
drivers to get paid
for ferrying people around town.
Drivers for ridesharing services head to a Chicago courtroom to defend themselves, as taxi drivers and legislators make moves to regulate ridesharing se
Drivers for ridesharing services head to a Chicago courtroom to defend themselves, as taxi
drivers and legislators make moves to regulate ridesharing se
drivers and legislators make moves to regulate
ridesharing services.
«Allowing anyone who appears on the New York State Sex Offender Registry to be
drivers for rideshare companies presents an unacceptable risk to our citizens,» said Sen. Tom Croci.
More than 80 Uber
drivers protested a proposed six - month Suffolk ban on ride - sharing operators as a way
for the county to leverage a local share of $ 24 million in revenue from the 4 percent state surcharge on
ridesharing.
«Upstate residents have a right to the same
ridesharing experience as their downstate counterparts — and that includes fingerprinting
for drivers.
In February,
ridesharing company Uber announced that it is requiring
drivers to go offline
for six straight hours after a total of 12 hours of driving time.
For drivers of Uber, Lyft or other ridesharing apps, this option extends your auto insurance coverage through the first phase of ride - hailing, which is when your app is on and you're looking for, but haven't found, a passeng
For drivers of Uber, Lyft or other
ridesharing apps, this option extends your auto insurance coverage through the first phase of ride - hailing, which is when your app is on and you're looking
for, but haven't found, a passeng
for, but haven't found, a passenger.
Some
drivers even make a full - time income from driving
for rideshare apps.
Many
rideshare drivers will drive
for both Uber and Lyft, and take whichever ride comes up first.
As of July 1, 2017, all
rideshare drivers must now be registered
for GST / HST and all fares are now subject to GST / HST, no matter how much income you earn from
ridesharing.
Nontraditional lenders might have some concerns when it comes to lending money to a
rideshare driver for the same reasons as banks.
Rideshare companies have come up with alternatives for their drivers; however, rideshare lenders are still a new business, so why would you trust your financial needs with newer lenders, when you can take the less stressful route and use a nontraditiona
Rideshare companies have come up with alternatives
for their
drivers; however,
rideshare lenders are still a new business, so why would you trust your financial needs with newer lenders, when you can take the less stressful route and use a nontraditiona
rideshare lenders are still a new business, so why would you trust your financial needs with newer lenders, when you can take the less stressful route and use a nontraditional lender?
Did you know banks are sometimes hesitant to lend money to
rideshare drivers because they are considered self - employed and a risk to lend
for unsecured income?
By having the proper insurance coverage
for being a
rideshare driver, you should be fully covered in case you are in a car accident and can't use your car as collateral, anymore.
If you are injured in an accident with an Uber or Lyft
driver, the
driver and / or the
rideshare company may be held responsible
for damages.
These policies are required to be the primary insurance policy
for damages caused while
drivers are providing the Uber or Lyft
ridesharing service.
The
ridesharing companies will probably try to wiggle out of liability and push the responsibility of paying on any claims
for damages to the
driver or a third party.
Drivers for rideshare companies are designated as independent contractors, rather than employees, so the companies are not technically responsible
for their actions.
Under the Massachusetts ride sharing law, Uber
drivers must inform their auto insurer that they intend to use their vehicle
for ridesharing purposes.
While simplifying transportation needs
for today's technology age and helping to reduce the high number of drunk driving accidents, an accident involving an Uber / Lyft vehicle raises issues of insurance coverage with regard to passengers,
rideshare drivers, as well as
drivers of other vehicles involved.
If a
ridesharing driver was responsible
for the crash, had no passengers in the vehicle, and did not have their
driver app on and was not available, then claims can only be filed against his or her insurance policy.
If a
ridesharing driver was responsible
for a motor vehicle accident, had no passengers in the vehicle, but they were logged into the
driver app and available, then claims can only be filed against both the
ridesharing corporate insurance and the
driver's insurance.
Unfortunately, some
rideshare drivers have insurance policies that terminate if the vehicle is used
for commercial driving — and
ridesharing definitely qualifies as such an activity.
The insurance requirements
for rideshare companies like Uber and Lyft are different than they are
for private
drivers.