Ridesharing and Auto Insurance: What Drivers Need to Know

Ridesharing services, like Uber and Lyft, have transformed how we commute. Whether you’re a full-time rideshare driver or occasionally offer rides to supplement your income, understanding the auto insurance implications is crucial. Here at Karla Salmon Insurance, providing auto insurance to customers in the greater Oviedo, FL region, we want to help you learn what rideshare drivers need to know about auto insurance.

Personal Auto Insurance

Most personal auto insurance policies do not cover commercial activities like ridesharing. Your coverage may be denied if you’re involved in an accident while driving for a rideshare company and only have personal insurance.

Rideshare Company Coverage

Rideshare companies typically provide insurance coverage while you’re actively driving for them. However, these policies often have coverage gaps, such as when you’re waiting for a ride request or driving without a passenger. It’s essential to understand when the rideshare company’s insurance applies.

Gap Insurance

Some insurance companies offer rideshare or gap insurance to bridge the coverage gaps. This additional coverage can protect you when using your vehicle for personal use but still has the potential for ride-share-related incidents.

If you’re a rideshare driver, don’t overlook the importance of proper auto insurance coverage. Review your personal policy, understand your rideshare company’s coverage, and consider adding gap insurance if necessary. Being informed and adequately insured will provide peace of mind as you navigate the roads as a rideshare driver, ensuring you’re protected in case of unexpected events. If you’re a rideshare driver and unsure if your auto insurance policy covers you, or you’re looking for a new policy in the greater Oviedo, FL region, reach out to the team at Karla Salmon Insurance to get help finding the perfect policy today.