If you have a car and you are giving it to companies like Uber and lyft then you are the one who must have rideshare insurance coverage. Most of these rideshare car companies divide the rides of their drivers into four periods. How rideshare car companies divide your rides? Period 0 is when you are using the car for your personal use. During this time your personal car insurance policy covers your damage. Period 1 is when you are waiting to get a ride; this is the time when you are most vulnerable. In this period you are not covered by your personal car insurance policy nor does your rideshare company covers if you have any damage during this period. This is the gap which is covered by rideshare insurance companies. Once you get a request for a ride and you are en route to pick up your passenger, this is period 2. Period 3 is when you pick up the passenger. How must rideshare car insurance costs? cheap rideshare insurance covers period 2 and period 3 for some additional cost. A rideshare car insurance policy can cost as low as $6 per month and cover all rideshare car drivers irrespective of the company they are working for. These insurance policies depend on your driving records, the amount of coverage, the number of miles you have driven and rideshare insurance company you choose. How to evaluate rideshare insurance policies? Different cars have different policies based on car market, brand, model, and year. For example cars like Mercedes, BMW have a higher cost of insurance because they have a high maintenance cost and cars like Jeep have a lower monthly premium because of their safety feature, electronic roll mitigation etc. Others factors include accident history of a specific car brand or probability of them getting stolen can also affect your monthly premium in both good and bad way. So now you can decide that which uber driver car insurance requirements will be best for you and your car. These insurance policies may cost you some extra money but in the end, they cover you for unplanned circumstances.
0 Comments
Leave a Reply. |