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.
If you use your vehicle for delivery or landscaping you might need to consider a commercial auto policy, especially if the vehicle is used 100% for business use.
We are ready to help you with all your auto, home, RV, and motorcycle needs. Call us today. We can combine your insurance under one program and save you hundreds of dollars.