Working as a rideshare driver can be a great way to earn some extra cash, but it might require some additional car insurance coverage. Insurance carriers generally consider rideshare driving to be a business activity, which means any accidents or other damage that occurs when you’re working might be excluded. Understanding the insurance needs of rideshare drivers will help ensure that you’re fully protected whenever you’re on the road.

Rideshare Driving & Car Insurance

Rideshare Company Insurance Coverage

The two largest rideshare companies, Uber® and Lyft®, both offer some coverage to drivers who are delivering their services. Uber, for instance, offers $50,000 per person in liability coverage, with a limit of up to $100,000 per accident and $25,000 in property damage protection for drivers who are available or waiting for a ride. If you're on the way to pick up a passenger or have a guest in the car when an accident occurs, the liability limit increases to $1 million, and the company will cover damage to your vehicle.

Why Rideshare Drivers Need Additional Coverage

The insurance offered by the rideshare companies is only effective when the app is on. The liability limits offered may also be too low to cover serious accidents, leaving you responsible for some of the costs if you cause a collision. Finally, Uber only includes comprehensive and collision coverage if you already have them in your personal car insurance policy.

Why Rideshare Drivers Should Work With an Agent

Rideshare insurance coverage is a complex network of different policies and rules, which can be confusing for many drivers. An insurance agent will be able to evaluate your risk, identify gaps in your existing coverage, and shop around to find an affordable policy tailored to your needs.
 

As an independent agency offering products from several leading national carriers, nobody takes care of Statesboro, GA, drivers like BestRate Auto Insurance. Whether you’re driving for a rideshare company or just shopping for car insurance quotes, their friendly team of knowledgeable agents will take the time to ensure you have the best coverage available at the lowest possible rates. Visit their website to learn more about their car insurance products, follow their Twitter for more helpful tips, or call (912) 489-5942 to request your free quote today.