Auto Insurance for Rideshare Drivers: What You Need to Know

Providing rideshare services can be a great way to leverage your vehicle to earn a full-time or part-time income in Pomona, CA, and the surrounding areas. But before you sign on with Lyft or Uber and start taking customers, you’ll want to ensure your auto insurance policy is comprehensive enough.

We at THINK Insurance & Financial Services can help you assess your current insurance and determine whether you need an upgrade. But in the meantime, check out the following information for a quick look at what you should know.

Your Existing Policy Might Not Cover You

Many new rideshare drivers assume that since they’re using their car, their existing car insurance policy will be protection enough should they get into an accident. However, unless you happen to know your current policy also covers business use of your vehicle, you’re probably dealing with a coverage gap.

Failing to disclose the fact that you’re now using your car to earn money and update your policy accordingly can land you in hot water with your insurer. Not only will they likely not compensate you if you have an accident while driving your car for business purposes, but they may decide to drop you as a client altogether.

Your Rideshare Service Might Not Cover You, Either

Yes, services like Uber and Lyft provide some protection for their drivers while they’re on the job; but it’s not enough. You still need rideshare coverage to ensure you’re always protected – with or without passengers in the car and whether or not your rideshare app is on.

If you’re in or near Pomona, CA, drive for Uber or Lyft, and need help upgrading your auto insurance, call us at THINK Insurance & Financial Services. We’ll help you make sense of everything and settle on the perfect policy for you.