If you work as a rideshare driver, you are subject to some unique risks because you have passengers in your vehicle on a regular basis. You'll need to get insurance for this profession and the vehicle it involves, which won't be difficult thanks to this advice.
Find Out What the Driving Company Is Going to Cover
Even though you're technically an independent contractor as a rideshare driver, you still represent a company. There are a lot of them to work for and they often will cover some type of coverage while you work for them. Finding out for certain what this coverage looks like is key.
You can see what risks are covered and then know what other type of auto insurance to couple with their coverage. Their coverage might be for accidents and injuries while passengers are in your vehicle or coverage for anything that happens after you've accepted a job from a rideshare customer.
Review Driving-For-Pay Coverage
There will be windows of time when you are not covered by the rideshare company you're representing. Instead of just risking costs after an accident with someone on the road, you want to look into driving-for-pay coverage.
It's a unique type of auto insurance that is intended for rideshare drivers when they're not taking passengers to their destinations. You need to make sure you get enough out of this driving-for-pay coverage so that if you do get hit or you hit someone else, you have coverage to lessen the costs you ultimately pay.
Speak With Your Insurer
After you've performed some research on your own regarding rideshare insurance, you should follow up with your insurer. You need to get their advice as well as far as what your coverage options look like while working as a rideshare driver.
If your insurer has experience with these policies, they may be able to recommend certain policies and also help you save money on them. They will also help you continue to monitor your coverage and apply discounts when appropriate. This way, you're not spending as much money to cover your vehicle and passengers after accidents happen.
There are risks you'll take on as a rideshare driver, whether it's other drivers and potential injuries that your passengers experience. If you make sure you get enough coverage and know how to assess it as a rideshare driver, you won't be as vulnerable or stressed in this driving industry. Talk to an insurance company, such as Clover Insurance, to learn more.