Does Being An Uber Driver Affect Your Insurance?

What is Uber?

Uber is a ride-sharing app that is transforming the way people get around in cities around the world. It is a convenient way to get to your destination without having to hail a cab or take public transportation. As an Uber driver, you can pick up passengers and get paid for your services. But what happens to your insurance when you drive for Uber?

Insurance Requirements for Uber Drivers

In order to become an Uber driver, you must meet certain insurance requirements. You must have a valid driver’s license, a clean driving record, and adequate insurance coverage. Uber requires drivers to have at least a minimum amount of liability coverage for bodily injury and property damage. The minimum amount of coverage varies by state, but is usually around $50,000 for bodily injury per person, $100,000 for bodily injury per accident, and $25,000 for property damage per accident.

Uber’s Insurance Coverage

Uber provides additional insurance coverage to its drivers. This coverage kicks in if your personal insurance policy does not provide enough coverage to cover an accident. Uber provides a $1 million liability coverage, which is more than most personal insurance policies. Uber also provides uninsured/underinsured motorist coverage and contingent comprehensive and collision coverage. This extra coverage ensures that you and your passengers are covered in the event of an accident.

How Does Being An Uber Driver Affect Your Insurance?

If you already have a personal auto insurance policy, being an Uber driver should not affect your insurance premiums. However, many insurance companies do not provide coverage to drivers who are using their vehicles for commercial purposes. If this is the case, you may need to purchase a separate policy to cover you while you are driving for Uber. You should also check with your insurance provider to make sure that you are adequately covered while driving for Uber.

What Should You Do?

If you plan on becoming an Uber driver, it is important to make sure that you are adequately covered. You should check with your insurance provider to make sure that your policy covers you for commercial driving. If it does not, you may need to purchase a separate policy to cover you while you are driving for Uber. You should also make sure that you have the minimum amount of liability coverage required by Uber.

Conclusion

Becoming an Uber driver can be a great way to make some extra money. However, it is important to make sure that you have the proper insurance coverage in place. Make sure to check with your insurance provider to make sure that your policy covers you for commercial driving. If it does not, you may need to purchase a separate policy to cover you while you are driving for Uber.