Working as a rideshare driver is an appealing way to make some cash on the side—or replace a full paycheck!
While it’s not hard to get started driving for a rideshare service like Uber or Lyft, there are a few requirements to get started. New drivers typically have to be a certain age, have a clean driving record, and have a certain number of years of driving experience.
But of course, a big piece of the puzzle is having a car to drive.
Thanks to rideshare car rental companies, getting in on the rideshare craze isn’t limited to car owners. Whether you don’t have a car at all or just want to save some wear and tear on your personal vehicle, renting a car can help you start earning with a rideshare app. The key is finding the right company for you.
Remember, most insurance companies won’t cover claims from ridesharing-related accidents. So make sure you buy the right rideshare car insurance coverage before renting out a car.
Find and compare rideshare car insurance quotes on Insurify to get affordable coverage within minutes!
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Can You Rent a Car for Rideshare Driving?
You can rent a car for rideshare driving through a rideshare car rental company. Some of these are well-known rental companies available across the country, while others are app-based and offer a little more accessibility to rideshare drivers.
Renting a car to use as a rideshare driver is different from a regular car rental you might get if your car is in the shop or you’re on vacation. And most importantly, it’s different from a car lease. Things like unlimited mileage and minimum rental requirements are common with rideshare rental programs.
Just remember that the cost of renting a car for rideshare work is more than just a weekly fee. As the renter, you’ll also be responsible for other taxes and fees, as well as the cost of gas.
Some companies include insurance coverage, but not all. If not, this means you’ll have to purchase additional coverage on the vehicle. To learn more, check out Insurify’s guide to rideshare car insurance.
A note of caution to potential renters: Understanding the rental cost and your potential earnings is important if you want to turn any kind of profit on your ridesharing. Part of finding the right rideshare rental company requires you to figure out how you’ll actually use the car. Think about how often you’ll be driving, and find out the typical earnings of a rideshare driver in your area to figure out if renting a car is the right choice for you.
How to Qualify for Rideshare Car Rentals
- Be in good standing with the rental company: Some companies that offer rideshare rentals, like Hertz, also offer other rental services. These companies understandably require you to be in good standing with them, which means any bills are paid up.
- Have a valid debit or credit card: You’ll need a debit or credit card on file with most rideshare car rental companies. Your card should have enough line of credit to accommodate a charge for the whole rental period and a temporary hold when you pick up your vehicle. This is to ensure you have sufficient funds.
- Have an active account with Uber or Lyft in good standing: For most programs, you need to already be an approved driver with a rideshare company to qualify for this particular type of rental.
How to Choose the Right Car Rental Company for Rideshare
There are a few things to keep in mind when choosing the right rideshare car rental company for you.
- Contract options: Does the rideshare company offer short-term, renewable rentals? Or will you have to commit to a long term contract? If you’re only moonlighting as a rideshare driver, maybe day-long or weekly rentals are a better fit for you.
- Mileage limits: Make sure your car rental offers unlimited miles with your agreement. After all, your goal as a rideshare driver is to keep the meter running, so to speak—you don’t want to be punished for a successful night on the app!
- Pricing: What are the rental fees for your vehicle? Check out any minimums as well as what the credit card hold would look like for incidentals or issues. There’s a good chance you’ll need to put down a security deposit or credit card hold before you start driving, so make sure you can cover that cost.
- Location: If you’re an Uber or Lyft driver in a major urban area, chances are you’ll have a few options of companies to choose from that cater to rideshare car rentals. However, car renters in smaller cities may have fewer rental options to choose from. Before you get too far in the process, make sure the car rental company is accessible to you. Some programs let you renew your rental agreement for a few weeks but require you to return the car and rent a new car after a month. A long trek to a company lot could be inefficient and costly if you don’t find the right location.
- Perks: What comes with your rental agreement? Are roadside assistance and liability insurance included? Can you use the vehicle for personal use? These are good comparison points if you have a few rental options to choose from.
Where to Rent Cars for Rideshare
If you want to start driving for rideshare but don’t own a car, don’t look to traditional car rentals or leasing options. These are usually intended for personal use and can come with strict mileage limits.
Instead, check out a rental program that caters to rideshare drivers. Here are some options for anyone looking to get started driving for Uber or Lyft.
Hertz has partnered with Uber to offer a rideshare rental program, but Lyft drivers can also rent cars with this company.
Hertz rentals are available to verified Lyft and Uber drivers older than 21 years old with a valid driver’s license and debit or credit card.
There is a minimum seven-day rental, so even if you just want to use the car for weekend rides, you’ll need to pay for and keep the car for a full week at least. Hertz is open for business in 11 states, so just make sure you have a location that offers rideshare rentals near you.
Hertz doesn’t require any long-term contracts, like a lease, and includes liability insurance with its rideshare rentals. Another perk that Hertz offers is year-round roadside assistance.
Lyft Express Drive is a rental program for new Lyft drivers. Through a partnership with Hertz and Flexdrive rental companies, Lyft drivers older than 25 can rent a car right through the Lyft app.
When you apply to the Express Drive program, you’re actually killing two birds with one stone: drivers can apply to this program for general Lyft driver status approval and to be able to rent a car through Lyft’s partner companies. It’s a one-step process. Just keep in mind that it’s a high-demand program, so it could take you some time to get matched with a vehicle.
HyreCar is a great option for ultra-short-term rentals. Need a car for a day? HyreCar may be your best bet.
Instead of renting a car from an established fleet like with a traditional rental car, HyreCar is a car-sharing app for Uber and Lyft drivers, as well as delivery drivers for apps like Postmates.
The downside is that approval for a car isn’t guaranteed. Car rentals with HyreCar are available on an approved-by-owner basis. Even though you have to request five vehicles at the time of reservation, there’s a chance none of them work out.
For drivers who can’t easily access a car rental company to pick up, HyreCar offers a good alternative: some car owners will deliver the vehicle right to your door.
Getaround is another carsharing app that offers short-term car rentals. And we mean really short term, like hourly to daily.
While Getaround mainly offers car-sharing for personal use, select cities offer Uber drivers guaranteed cars for rentals. Even though these are vehicles owned by individuals, Getaround provides driver support with roadside assistance, unlimited mileage, and liability coverage.
Rideshare Rental is a happy medium between a car-sharing app and a fleet rental company.
Rideshare Rental connects rideshare drivers with existing fleet owners in several cities across the U.S.. Its online platform gives you a quick way to make an account and get connected, and their rental agreement includes liability insurance and claims processing right through your driver account.
Rideshare Car Insurance
Whether you use a vehicle you own or a new car you rent, you need special rideshare insurance coverage. When you drive a car for ridesharing, you’re going to be on the road more—this means you’re at a higher risk for an accident.
Driving for an app with just a personal auto insurance policy isn’t going to cut it, and many insurance companies will drop you if you don’t declare your new ridesharing activities.So if you’re in an accident while logged into the app, your insurance likely won’t cover any related claims. It doesn’t matter if you have passengers in the car or have already completed a drop-off—if it’s not a personal use of your vehicle, it’s not covered.
That’s where rideshare insurance comes into play.
Uber and Lyft drivers need to make sure they have the right rideshare car insurance policy that includes rideshare coverage. This ensures you have the right liability coverage to protect your passengers when you’re on the clock and a policy you can afford.
Just head over to the Insurify website and enter your driver information and insurance requirements. In just a few minutes, you’ll get personalized quotes that meet everything from the deductible you want to liability coverage you need as a rideshare driver. So whether you’re getting into delivery services or ready to offer your first Lyft ride, go with Insurify to find the best rates.