As rideshare drivers, it’s important to carry the right kind of rideshare insurance. Having rideshare insurance can save you money (and time) if you get into an accident as a driver. Senior RSG contributor Jay Cradeur highlights a new product by ESurance called ShareSmart for California rideshare drivers below.
If you are going to be a rideshare driver for Uber and/or Lyft, then you are going to need to get some good rideshare insurance. If you are only using your personal auto insurance policy, you run a big risk of experiencing a financial Armageddon.
Personal auto insurance policies don’t cover you when you are driving for Uber and Lyft. If you were to get into an accident while rideshare driving, there is a good chance your personal automobile insurance provider will reject your claim outright because you were not honest about your driving activities. Therefore, if you are a rideshare driver, you need to get rideshare insurance.
Recently, ESurance launched a rideshare insurance product called ShareSmart for California drivers only. I’ll take a look at what it is, how it works, its cost and more below.