As it turns out, most
ridesharing drivers do not carry additional coverage.
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.
Ridesharing companies don't let drivers work out of other people's cars, but the program designed by Peers partners ridesharing drivers with cars through the hybrid rental comp
Ridesharing companies don't let
drivers work out of other people's cars, but the program designed by Peers partners
ridesharing drivers with cars through the hybrid rental comp
ridesharing drivers with cars through the hybrid rental company Breeze.
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?
TreeHugger is a big fan of
ridesharing, carpooling and otherwise cutting back on the number of
drivers on the road, and we dug a little deeper into how to
do that here.
As UberPOP
drivers generally are non-professional
drivers making ancillary revenue out of their
ridesharing activities, they
do not have a taxi or other transport license and are not employed by Uber.
Since the cars operated by the Uber and Lyft
drivers are privately owned, how
do we know when the
ridesharing company's insurance coverage is effective?
When more than 1,000
ridesharing drivers were surveyed, 77 % indicated that they
did not buy additional insurance to protect themselves or their passengers.
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.
Standard policies are complicated enough, but there's also non-owner's car insurance (for people who drive frequently, but don't have a ride of their own), gap insurance (to cover the gap between what you owe on your car and its actual value),
rideshare insurance (for all those Uber and Lyft
drivers out there), rental car insurance (for those cross-country drives) and more.
Note: Liberty Mutual
does not offer
rideshare insurance but will not cancel personal policies of commercial
drivers.
Liberty Mutual
does not offer a
rideshare coverage option, but will allow the
driver to maintain their policy for use when not on the clock.
Available for: All
rideshare drivers Available in: AL, AZ, CA, CO, CT, DE, DC, FL, GA, ID, IN, KS, KY, LA, ME, MI, MN, MS, ND, NE, NH, NJ, NM, OH, OK, OR, SC, TN, TX, UT, VA, WA, WI, WV Cost: No information provided Details of State Farm's
rideshare insurance coverage is sparse, but they
do state in a press release that their product is an extended personal auto policy, not a modified commercial policy, which should make it relatively affordable.
If you're an Uber, Lyft, or Sidecar
driver, you should read our article about the insurance secret that
ridesharing companies don't want you to know.
Become a
rideshare or delivery
driver: These are jobs you can
do in the evenings or on weekends, using your own car and gas.
As he continues with the details, he starts becoming agitated and proceeds to tell you that because you didn't notify your insurance company before you became a
rideshare driver to discuss coverage options, your policy has been canceled by the company.
However, you could still risk losing your individual auto coverage if you
do not report that you are a
rideshare driver to your insurance company, so it's best to
do so before you weigh your options.
During Phase 3, you are taking your passenger from point A to point B. Most
rideshare apps cover their
drivers during the 2nd and 3rd phases, but most
do not cover
drivers during Phase 1, leaving you at significant risk, since your personal auto insurance likely
does not cover you during this phase, either.
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.
Q: How
does State Farm ®
Rideshare Driver CoverageFootnote Reference [1] work?