Are You Considering Becoming A Ride Share Driver?
An Auto Insurance Update
Being a rideshare driver is a great way to make extra income. With the growth of Uber and Lyft, many people are using their own vehicles assuming their personal auto insurance will provide coverage.
Unfortunately, your personal auto insurance will not cover any use for commercial purposes. There is an exclusion for any commercial use of your vehicle. There is a specific exclusion for “public or Livery conveyance” that is part of your policy. This makes it very clear that the liability coverage for your vehicle doesn’t apply when it is being used as a public conveyance.
In addition, your personal auto insurance excludes Medical Payments, and Physical Damage Coverage for your vehicle is used for commercial purposes. With a few exceptions, your personal automobile policy doesn’t cover you or your automobile when you are using it for this purpose.
What Are Your Options?
Another option is to purchase a commercial automobile policy that is designed to cover the exposures that go along with operating a public conveyance.
Consider the coverage offered by the rideshare company you are working for
Call, our office and we, can work hard to provide you with the best possible combination of coverage, price, and service.
Route 66 Insurance is a full service Independent Insurance Agency. With over 23 years of experience in the insurance industry we are the company you can trust. If you need home, auto, renters, boat, RV, life, health, commercial, bond insurance, or annuities, we are the name you can trust. Whether you have the ideal history, preferred companies desire, or a not so perfect history, we find the right coverage, with the best company, at the best rate for you. As an independent insurance agent we can offer the right coverage(s) with the personal touch you would expect from your neighborhood insurance agent. Give us a call today for a free no obligation quote.