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by Harry Campbell on July 7, 2019 463 Comments

Rideshare Insurance – Best Options for Uber & Lyft (By State)

Best Car Insurance Options for Uber Drivers and Lyft Drivers

If you’re looking for the best rideshare insurance, we’ve made it easy to learn about the options in your state on the page below. Make sure to get several rideshare insurance quotes from the agents below. There are still a few states that don’t have rideshare friendly options, but we keep this page updated as new options are added every week, so be sure to check back frequently!

If you’re just learning about rideshare insurance and not sure why you need it, it’s because as a rideshare driver, you need to be especially mindful about the risks and insurance limits in your state. There are many states where there isn’t an officially recognized rideshare insurance policy and, although you may still be covered by Uber/Lyft, your personal insurer may drop you for being a rideshare driver. You don’t want your income stream cut off before rent is due next month!

Start driving for Uber and Lyft

See the Uber driver sign up bonus and Lyft driver sign up bonus. Here’s how to become an Uber driver.

Uber Accident Attorney

Read out Uber Accident Lawyer page to learn how to handle rideshare insurance after an accident.

Why You Need Commercial Auto Insurance When Driving for Uber and Lyft

Uber and Lyft only cover rideshare drivers during Periods 2 and 3. Period 2 starts once you accept a ride request and are en route to your passenger, and Period 3 starts once your passenger gets into your car. BUT when you’re online and waiting for a request during Period 1, you have no collision coverage from Uber or Lyft and much lower liability limits. So as a rideshare driver, you’re most at risk during Period 1 since you won’t get any collision coverage from rideshare companies and your personal insurer likely won’t cover you during this time either.

Getting a rideshare insurance quote and rideshare insurance solves this gap by covering drivers during Period 1, and additionally they won’t drop you for being a rideshare driver. Some policies will even cover you during Periods 2 and 3 so you won’t be subject to Uber’s $1,000 collision deductible and Lyft’s $2,500 collision deductible.

Rideshare insurance really should be part of Uber driver requirements and Lyft driver requirements. When you drive for Via, you’ll need proper commercial auto insurance.

You may be able to deduct your rideshare insurance from your tax bill. Use the Stride Tax App to maximize your deductions to keep more of your income.

What is Rideshare Insurance?

I’ve covered this issue extensively, so if you want to brush up on the current state of insurance for rideshare, here are some of the best rideshare insurance resources for you to review:

What’s the difference between rideshare and commercial insurance?

Is Rideshare Insurance Available in Your Area?

Over the past year, almost all of the major carriers have begun offering rideshare insurance policies for drivers. This is great news since we no longer need to worry about being dropped by our insurance company, if we insure with a rideshare-friendly insurance company. This is why it pays to get multiple rideshare insurance quotes!

But changing insurance is obviously not a simple matter since many of us have policies across our homes, other cars, etc. My hope is that one day all major carriers will offer rideshare-friendly policies but, until then, drivers will have to either switch insurers or assume the risk of going without a rideshare friendly policy.

Earn 3x driving kids to school

Triple your ridesharing pay. Zūm drivers average $32/hour and many make $750+ a week. Work when you want. Get repeat rides and drive only on weekday mornings and afternoons. Apply to drive here.

Survey

I’d like to know what your current insurance situation looks like, please fill out this anonymous poll.

Uber and Lyft Driver Insurance Options

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by Harry Campbell on July 5, 2019 Leave a Comment

Here’s What it Takes to Become a London Uber Driver

Have you ever wondered what it’s like to be an Uber driver in other parts of the world? Today we have a guest post from Angelo, a London Uber driver. Is driving in London as simple as signing up for Uber and turning on the app? Not quite!

As always, guest posters receive $100 for sharing their story with us. Do you have an interesting or helpful story you’d like to share with your fellow drivers? Then fill out this form and we’ll get in touch with you!

London streets have been dominated by the iconic black cab since the late 1800s. For the last 120 years, tourists and Londoners alike have hailed black cabs to get around the busy streets of London. But in recent years there has been a young contender nibbling at their heels. In 2012, Uber launched in London and has gradually grown from a small annoyance for the black cabbies to now, a serious threat.

Becoming a black cabbie has always been notoriously difficult. Taking between 3-5 years to complete, with over 25,000 roads to memorise, ‘The Knowledge’ has been dubbed the hardest taxi test in the world. However, with the emergence of Uber in the last few years, that barrier to entry is no longer there, as almost anyone and everyone can download the app and start picking up rides.

Or so I thought. I decided to become a London Uber driver, and this is my story of what I learned while driving for Uber in London.

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by Harry Campbell on July 2, 2019 Leave a Comment

RSG100: Nicole Moore on Fighting for Drivers with Rideshare United

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One of the biggest risks to Uber and Lyft’s business right now is drivers. While the companies and investors have gotten rich, drivers seem to have been left behind. Today, I’ll be speaking with a member of an organization (Rideshare Drivers United) that is actually listening to drivers and fighting on their behalf.

If you’d like to read a transcript of this podcast, please click here.

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by Harry Campbell on July 1, 2019 87 Comments

Is Uber Ditching Sign-Up Bonuses in Favor of “Guaranteed” Earnings?

Uber has made some big changes to its sign up bonus program but, as always, doesn’t exactly make these changes easy for new drivers to figure out. Sign-up bonuses have always been one of the bright spots for new drivers, since who wouldn’t want an extra $500 for signing up, right?

While the process wasn’t perfect and had its flaws, at the end of the day, a lot of people got paid. In fact, it’s one of the main sources of revenue for this blog, so in a way, we depend on referrals too.

But over the past few weeks, I have been getting an avalanche of e-mails from new drivers who were not getting paid their sign-up bonus. This in itself isn’t out of the ordinary but after investigating, I found that Uber started testing new driver guaranteed earnings instead of sign-up bonuses in several of its top markets. So what exactly does that mean?

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by Harry Campbell on June 30, 2019 Leave a Comment

Top 10 Easy Businesses You Can Start for Under $500

Interested in branching out beyond rideshare driving? There are plenty of opportunities outside of rideshare driving, and today guest contributor Choncé Maddox Rhea shares top 10 businesses you can start for under $500.

Many rideshare drivers who participated in our rideshare drivers survey shared that they value flexibility and the ability to earn money on their own time as some of the top reasons why they drive for companies like Uber and Lyft. However, there are plenty of other opportunities outside of rideshare (plus the ability to earn even more while rideshare driving). Starting your own business can be exciting because it comes with many perks like the freedom to set your own schedule and choose who you work with.

Unfortunately, some people put their dream of working for themselves on hold due to start-up costs. Luckily, there are still plenty of affordable options to consider thanks to the internet and tech companies. If you’re looking for an affordable way to start a business and aren’t married to an idea yet, here are 10 easy businesses you can start for under $500.

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