New apps like Uber and Lyft have become all the rage among teens and adults alike over the past few years. For those of you who might not know, Uber and Lyft are both a type of "ridesharing" business, where you can plug in your location and your destination into an app on your phone and someone will drive you from Point A to Point B. This type of "ridesharing" is quick and simple, considering your billing information is already plugged into the app, so you can jump in and out of the car without having to worry about the hassle of paying your driver directly. Maybe you have even considered becoming a driver for one of these businesses, considering the flat rate that all drivers get paid and the lack of prerequisites required to become employed as a driver. Before you sign up to become a driver for a ridesharing business, take the following into consideration.
- Pay attention to how much insurance coverage you will really be receiving and how much you need. In many cases, these businesses require that you have your own personal insurance and tell you that should suffice; however, you may not have enough coverage to protect you in the case of an accident. In many cases, your personal auto insurance will not carry over when you use your car as a commercial vehicle. This means when you are working your shift for whatever ridesharing business you prefer, your personal insurance will likely not cover you in the case of a loss. Additionally, many insurance agencies do not cover clients who decide to become a driver for a ridesharing business. If you have any questions about your auto insurance coverage, please give us a call.
To obtain free insurance quotes or better insurance coverage please contact an independent insurance agency like us who can offer multiple carriers.
Suzanne Brown Insurance Agency
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