Rideshare Rental Insurance: Quotes, Discounts for 2022

Many Uber, Lyft, and delivery drivers actually rent the vehicles they drive for work, because they either don’t own an appropriate vehicle or want to prevent wear and tear on their personal car. If you’re considering renting a car to drive for a delivery or rideshare service, make sure to follow your local protocols and get appropriate insurance.

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While many rideshare/delivery rental options include insurance, some don’t. And if you’re driving your personal car, you might consider additional rideshare/delivery insurance on top of your existing personal insurance policy. Plan for a worst-case scenario—you don’t want to be liable for potentially exorbitant costs following an accident while you’re active on a driver app.

We found that the companies below offered the best car insurance for rideshare insurance. But insurance prices vary depending on many factors, including what kind of car you drive—a Camry will be less expensive to insure than a Camaro.

See More: Car Insurance Quotes

If you don’t own a vehicle or if yours doesn’t meet rideshare company requirements*, one way to quickly start driving for income is to rent a car. Several companies have rental programs for drivers who intend to use the vehicle for commercial purposes, like a rideshare and delivery service.

(It’s important to note that renting a vehicle for personal use and then driving for income will violate your rental agreement.)

Below, we’ll review several car rental options for rideshare and delivery drivers. But regardless of which company you rent from, you’ll need a valid driver’s license. Rental companies have minimum age limits for drivers (usually 21 or 25) and require that you have a debit card or credit card. You’ll need to pass a background check and possibly provide a security deposit.

Once you’re approved to rent a car and drive, you’ll decide on a rental period—usually in hourly, weekly, or monthly increments. If desired, you can extend your rental through the driver app. The rental fee is deducted from your earnings during your rental period.

In general, rideshare companies like Lyft and Uber require:

• Vehicles that have at least four doors and five seats
• New car (meaning no more than 15 years old)
• A vehicle inspection
• Vehicles in good cosmetic condition

Specific vehicle requirements vary by city and state, so be sure to consult your local rules.

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Before you choose a car rental company, you’ll want to consider a few issues:

• Are you driving for one company only or do you want/need the flexibility to drive for several companies?
• How much do you expect to drive? Some companies offer unlimited mileage with their rentals, while others have a mileage cap, and exceeding it can be pricey.
• How long do you need the rental? Some companies offer deals for longer rental periods, but don’t get stuck with a vehicle longer than you’ll need—otherwise, you could lose money.
• Does the company offer any perks, such as roadside assistance?
• Are there hidden costs, like taxes, fees, penalties, or the cost of gas?
• What is the company’s insurance like? Does it have a high deductible that could leave you responsible for thousands of dollars in expenses?

Always read the terms and conditions of a policy before renting, and look for reviews of the company online.

See More: Best and Worst Sites to Compare Car Insurance

If you want to rent a car to drive for income, you have several rideshare car rental options, including but not limited to the programs below. Many of these offer insurance with their rentals, but be sure you understand your rental agreement fully. You don’t want to get caught uninsured or underinsured after an accident—it could ruin your finances.

Lyft Express Drive Program

Lyft’s rental service partners with Avis, Hertz, and Flexdrive. A unique benefit is that Lyft drivers who rent cars through Flexdrive are allowed to use the car for work on other ridesharing apps and delivery services, like Instacart and Postmates. Insurance is included in rentals but likely won’t cover incidents or damage that occur while you’re in the process of work for another company.

Uber Rentals

Uber partners with several companies to provide flexible options to renters. Sign-up is relatively quick and there are no long-term contracts. Uber drivers can rent for hourly, weekly, or monthly intervals. There’s a low cost of entry, but be sure to read the fine print very carefully so you don’t incur fines. And you can’t drive for other rideshare or delivery services, like Doordash.

Getaround

Getaround is a peer-to-peer car rental program only for Uber drivers. You can book hourly, daily, or weekly rentals. To spare all parties the chore of in-person pickup and drop-off, Getaround has built a system for renters to access the car through a smartphone. Currently, the program is only available in about 10 U.S. cities.

Hyrecar

Another peer-to-peer carsharing program, Hyrecar allows car owners across the country to rent their personal cars to gig workers of all kinds, not just Uber drivers. There are no long-term commitments, and Hyrecar insurance is included with every rental. Drivers select their vehicle through an online marketplace and pick up their rental directly from the owner.

RideShare Rental

This company claims a quick approval process and requires no long-term contracts. Insurance and unlimited miles are included with every rental. Right now, the program is available in Los Angeles, San Diego, San Francisco, Las Vegas, Seattle, Chicago, North Haven, New Jersey, Connecticut, and Miami.

Kinto

Drivers for Uber and some approved delivery services can rent hybrid and fuel-efficient Toyotas from this company. Rentals include insurance, roadside assistance, unlimited mileage, and contactless pickup. Kinto partners with car dealers and fleet operators to source its vehicles. Approval turnaround for Uber drivers is usually within five business days.

See More: Best Car Insurance Companies

Whether you’re renting a vehicle or driving your own, make sure you have sufficient insurance coverage for any property damage or bodily harm that could result from an accident. Otherwise, your planned source of income could ruin your finances. And remember that you can’t use a personal rental car for any rideshare or delivery service driving.

Always shop around for insurance to get the best deal. Car insurance quote comparison is the easiest way to see quotes from multiple insurance companies at once, so you can rest easy knowing you’ve found the best deal in insurance.

Like other kinds of insurance, rideshare driver insurance requirements vary by state. Read up on unique rules and regulations wherever you drive.