So you’ve finally become a rideshare driver, but what is all this talk about rideshare insurance? What exactly is it and do I really need it?
WHAT IS RIDESHARE INSURANCE?
To put it to you simply, rideshare insurance is vehicle insurance coverage offered to drivers who transport passengers in a private vehicle or drive for a ride-sharing company such as Uber or Taxify.
WHY DO I NEED A RIDESHARE INSURANCE POLICY?
As long as you are on the road, everyone is at risk.
If you are using your own car for ridesharing, your personal insurer is unlikely to cover any debts incurred due to accidents or theft, because you are now using your car for business purposes. Therefore, it is absolutely crucial that you have a good rideshare insurance policy behind you to ensure that you are properly covered.
Rideshare drivers are especially vulnerable, a few reasons being:
- They are on the road for extended periods of time, making them more susceptible to fatigue.
- Drivers are fully responsible for the safety of their passengers. If anything happens to your passengers and your vehicle is uninsured, you will be held liable for any medical expenses after an accident occurs.
- Their car is used for commercial purposes.
Ultimately, using your personal vehicle to work for any rideshare company massively increases your risk of financial ruin. There are currently a large number of drivers operating without the coverage of rideshare insurance and so many of them suffer the consequences of this expensive mistake.
WHERE CAN I PURCHASE RIDESHARE INSURANCE?
FareDrive’s comprehensive range of cover and valued added services ensure that you, your passengers and your vehicle are covered against the additional risks associated with being behind the wheel every day. Our unique range of insurance options make it easier for you to focus on getting your passengers to their destination without worrying about what’s around the corner.
Visit our Contact Us page to request a quote and we’ll get in touch with you.