{"id":5108,"date":"2023-11-07T14:00:00","date_gmt":"2023-11-07T14:00:00","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=5108"},"modified":"2023-11-06T19:15:59","modified_gmt":"2023-11-06T19:15:59","slug":"insurance-for-uber-drivers-how-it-works-top-providers","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/car-insurance\/insurance-for-uber-drivers-how-it-works-top-providers\/","title":{"rendered":"Insurance For Uber Drivers: How It Works & Top Providers"},"content":{"rendered":"
If you are an Uber driver, you get 24\/7 driver support and insurance coverage. Personal insurance for Uber and Lyft drivers \u2014 on top of those companies\u2019 coverage \u2014 is the best way to be fully covered on the job. Often called rideshare insurance, these hybrid policies include coverage for personal auto use.<\/p>
They also cover the times when drivers are signed in to a ridesharing app but are not covered by Lyft\u2019s or Uber\u2019s insurance. Drivers for on-demand delivery companies like Grubhub, Instacart, and Uber Eats also need rideshare insurance to avoid a coverage gap.<\/p>
Car insurance is legally required in most states and is an important financial tool that could help protect you from paying in full for expensive damage if you cause an accident. However, your personal car insurance policy does not cover transporting people from place to place in exchange for money and an accident that occurs while you are driving for business purposes may not be covered. <\/p>
Drivers who decide to pick up work through ridesharing services like Uber and Lyft may believe they are protected by the limited commercial car insurance policy extended by the rideshare company. Still, these policies usually leave some key coverage gaps and typically offer low coverage amounts that may not be sufficient if you get into an accident.<\/p>
Also known as rideshare insurance, insurance for Uber drivers extends coverage beyond what those limited plans offer. It fills in the gaps and provides additional protection in case of an accident while driving for a ridesharing service. <\/p>
While rideshare insurance is not legally required in most states, it could save drivers a significant amount of money if they get into an accident while acting as a rideshare driver. If you have an existing car insurance policy, you can often get an endorsement for rideshare insurance that extends your personal insurance coverage to also cover you while you are driving for a ridesharing app. <\/p>
This includes whether you have a passenger in your car, are driving to pick up a passenger, or if you have the app on and are waiting for a potential customer.<\/p>
To understand the insurance for rideshare driving, it\u2019s important to know the three phases while a rideshare app is on:<\/p>
When an Uber — or other rideshare app is off — your personal auto insurance applies. Once your rideshare app is on, Uber provides some coverage. Knowing the gaps between that coverage is key to making sure you are properly protected. <\/p>
Here\u2019s a breakdown of the three driving periods and what Uber covers:<\/p>