So, you want to work as an Uber driver? It doesn’t matter if you do this full or part-time, nothing changes the fact that you need to remain protected at all times.
If you neglect to purchase the right type of car insurance policy, it could come back to haunt you in the future.
Generally speaking, you have 2 options:
- Ride sharing insurance for drivers who log under 20 hours a week. Aviva Insurance is the first company to provide coverage designed specifically for Uber drivers.
- Commercial car insurance for 20+ hours. While it may sound like overkill, it’s curently the only policy that will properly protect you and your passengers.
Tip: as a general rule of thumb, contact your insurance broker for advice and guidance. Tell them you will be working as an Uber driver, and ask what type of coverage is required. Here are several tips for protecting yourself and your passengers, while also doing what is best from a financial perspective:
- Budget for insurance costs. When calculating how much money you can earn as an Uber driver, don’t forget to take insurance costs into consideration. This will give you a clear idea of your earning power.
- Take care of yourself first. Remember this: ride sharing companies look at their drivers as independent contractors. Don’t forget that they care more about their bottom line than yours.
- Buy as much insurance as you can afford. At the very least, you need the minimum required coverage. However, if you can afford more, don’t hesitate to extend your liability limits. This could save you a lot of money in the future.
With these tips in mind, you are better equipped to protect yourself as an Uber driver. You may never find yourself making an insurance claim, but you must protect yourself as if something will go wrong in the near future. We've built