Are You Considering Becoming A Ride Share Driver?

Are You Considering Becoming A Ride Share Driver?

An Auto Insurance Update

Being a rideshare driver is a great way to make extra income. With the growth of Uber and Lyft, many people are using their own vehicles assuming their personal auto insurance will provide coverage.

Unfortunately, your personal auto insurance will not cover any use for commercial purposes. There is an exclusion for any commercial use of your vehicle. There is a specific exclusion for “public or Livery conveyance” that is part of your policy. This makes it very clear that the liability coverage for your vehicle doesn’t apply when it is being used as a public conveyance.

In addition, your personal auto insurance excludes Medical Payments, and Physical Damage Coverage for your vehicle is used for commercial purposes. With a few exceptions, your personal automobile policy doesn’t cover you or your automobile when you are using it for this purpose.

What Are Your Options?

• Another option is to purchase a commercial automobile policy that is designed to cover the exposures that go along with operating a public conveyance.
• Consider the coverage offered by the rideshare company you are working for

Call, our office and we, can work hard to provide you with the best possible combination of coverage, price, and service. Since 2009, the EFR Insurance Agency has been a multi-line insurance agency committed to providing exceptional customer service, competitive rates and consultative insurance planning. Led by the over 40 years of experience of our owner Ernie Roque, we make every effort to provide our customers with what they want and need within their budget. Mr. Roque is known by many as the “Insurance Man for the Working Man”, as he and his staff pride themselves on offering quality and professional customer service at an elite level. In fact, it has become routine for each of our first-time clients to come away feeling like they’re part of our family!