The Rideshare Guy: Blog And Podcast For Rideshare Drivers

by Jay Cradeur on April 3, 2019 Leave a Comment

Lyft Offered Me Some IPO Stock and I Bought It

What would you do if you were offered $1,000 to buy Lyft stock? That’s a question senior RSG contributor Jay Cradeur was recently faced with. Here’s what Jay ended up doing with his $1,000 from Lyft – let us know if you received any money for the Lyft IPO and what you did with it in the comments.

About a month ago, I received notice that Lyft would be giving cash bonuses to its most loyal drivers. And since I had done over 10,000 rides with Lyft, I would be getting a $1,000 cash bonus that I could then invest in Lyft’s pre-IPO shares.

This was all a part of Lyft’s public relations campaign to demonstrate their commitment to the drivers. The intent of the bonus, besides the positive PR, was to foster investment in Lyft’s pre-IPO (Initial Public Offering) stock. I would have the option to use the $1,000 bonus to buy stock in Lyft. What to do?

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by Harry Campbell on April 2, 2019 Leave a Comment

RSG091: Nick Abouzeid on the State of the Scooter Industry in 2019

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2018 was the year of the scooter. Here at RSG, one of our top posts was about how to be a Charger, and three of our top five videos on the YouTube channel were about scooters. Today, we’re going to get an update from someone who knows a ton about the industry, from charging scooters to writing about them.

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

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by Will Preston on April 1, 2019 Leave a Comment

My Driving Strategy for Beating Uber’s New Flat Rate Surge

Recently, Uber and Lyft made changes in some cities to how surge is calculated and paid out. Many of you emailed RSG, wondering if these new changes were good for drivers or not. Senior RSG contributor Will Preston investigated the new surge rates and compared them to old surge – here’s what he found.

Once again Uber and Lyft changed the way we drivers get paid – this time with the new ‘flat rate surge’. As usual, many drivers feel it is just another attempt by these companies to increase how much they make versus how much we make. I thought I would take a look at what my surge rides look like to see if this was the case for me. Here’s what I found about the new changes to surge, and how you can use these changes to your benefit.

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by John Ince on March 30, 2019 Leave a Comment

Lyft Goes Live and New Services for Drivers

It’s official: Lyft went public this week! Senior RSG contributor John Ince covers Lyft’s IPO, plus the driver strike and new Lyft services for drivers.

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by Harry Campbell on March 29, 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 rideshare insurance, we’ve made it easy to learn about the options in your state on the page 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

Click here to sign up to drive for Uber and Lyft

Uber Accident Attorney

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

Life Insurance

Check out Ladder life insurance for rideshare drivers

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.

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.

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

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.

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.

Survey

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Uber and Lyft Driver Insurance Options