If Uber isn’t banned in your city and you’ve ever thought about becoming a driver for them, you may be wondering a few things as you fill out your application: how much will I get paid, how many days a week must I work, can I stop at Chipotle while en route to my next passenger? And while all of these questions are valuable (even your burrito inquiries), you should really be wondering what kind of insurance coverage you as a driver need in the event of a rideshare accident. Will this convenient income opportunity become an inconvenient battle with an insurance provider?
Currently, Uber is completely banned in Nevada and Eugene, Oregon. On top of this, the rideshare company has suspended operations in Anchorage, AK; Portland, Oregon; Tuscaloosa, AL; Auburn, AL; Panama City Beach, FL; and San Antonio, TX.
Uber classifies their vehicles as personal because they don’t consider their drivers to be employees, but rather independent contractors. Because of this, individual drivers must make a decision regarding their auto insurance coverage while keeping in mind that Uber offers supplementary coverage while the mobile app is in use that will pay for losses not covered by the driver’s personal policy. To review this coverage, check out the table in this article.
In a few states in the U.S.,some insurance providers are giving customers the option to buy tailored rideshare policies. Unlike personal insurance policies, which run the risk of your insurance provider denying a claim or even dropping you as a customer once they discover you’ve been hiring out of your car, a rideshare policy would protect both you and your passengers by making sure you don’t have to pay out of pocket for medical bills or damages.
|Discount Type||Discount %|
|Good Credit Discount||84%|
|Good Driver Discount||26%|
|Passive Restraint Discount||40%|
|Seat Belt Use Discount||15%|
|Multiple Policy Discount||25%|
|Roadside Assistance Discount||10%|