Whether you’re looking to pick up extra cash on the side or embrace a fully-flexible work schedule, becoming a driver-for-hire has become one of the most popular job opportunities in recent years. But unlike many other jobs, working as a driver comes with several unique on-road risks that could put you, your passengers, and your vehicle in jeopardy. Even if you have personal auto insurance, your plan won’t likely cover incidents resulting from rideshare activity. To help you stay protected, here’s what to know about car insurance if you plan on driving for Lyft, Uber, or another similar car service company.  

What Type of Auto Insurance Is Required?

While rideshare companies typically have some form of insurance, their policies are usually designed to cover incidents that occur when picking up or driving a passenger to a destination. Accidents that occur outside of these stipulations must be covered by the driver’s policy.   

Under Florida State House Bill 221 (2017), rideshare operators are required to possess auto insurance policies that provide a minimum of $50,000 in bodily injury liability per person, $100,000 per accident, or $25,000 in property damage liability. These amounts are significantly higher than the requirements for non-commercial drivers.

Should I Consider Add-Ons?

While you will need the minimum levels of coverage to work as a rideshare driver in Florida legally, you may also want to add additional insurance to your policy. The extra protection can help repair or replace the vehicle you depend on to earn money.

These add-ons include collision and comprehensive coverage. Collision covers accident-related damage to your vehicle, whether or not you are at-fault. Comprehensive covers damage that results from non-traffic incidents, such as bad weather, graffiti, or theft.

What If I Already Have a Rideshare-Friendly Policy?

Auto insurance for ridesharing is a fairly new concept, so it’s bound to change from year to year. Even if you are already a covered driver, it’s a smart idea to review your policy with a local insurance agent about once a year.

Your review will make sure you have all the required forms of insurance and are covering all significant risks. The agent may also introduce you to special discount opportunities that could help you cut your operational expenses.

Enjoying the perks of ridesharing shouldn’t mean having to stress about auto insurance needs. Fortunately, car service drivers in Winter Haven, FL, can turn to State Farm® Insurance Agent Rob Semans for specialized coverage needs. Well-versed in local insurance requirements, this agent will make sure you have optimal protection for a competitive rate. Visit this Polk County agency online or on Facebook to learn more about these services. Call (863) 299-1274 to request your custom car insurance quote.