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Article Contents
Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated on March 6, 2024

Visit author page
Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated March 6, 2024

Visit author page

5 minute read

Article Contents

Car Insurance for Uber Drivers in Canada

Ridesharing has become a popular way to earn income with many people working for Apps such as Uber and Lyft on either a part or full-time basis. This presents drivers with the problem of getting insurance that will cover them while driving on a commercial basis, be affordable, and handle the unique risks that come with driving for money.

Why Do Uber Or Lyft Drivers Need Extra Insurance

Personal automotive insurance policies do not provide coverage while one is driving for money. This means that one may be personally responsible for damages, and a driver may face charges if they are caught driving for money without proper insurance.

In addition, driving for ridesharing services presents a variety of extra risks ranging from damage to the interior of cars and an increased risk of accident. This means that one should take care to find the correct insurance for ridesharing.

Ridesharing increases the number of parties that are involved in the event of an accident. This includes the company one is driving for and the passenger. This means that settling a claim can be more complicated. Insurance specifically for ridesharing apps can simplify the process and will reduce the amount that the driver is ultimately responsible for.

What Rideshare Insurance Should Cover

Ridesharing insurance needs to cover the increased liabilities that come with working as a driver. The insurance policy needs to cover the liability of the passenger. This means it is important to select a policy that either provides separate liability coverage for the passenger, or a policy that offers a higher amount of coverage that a personal insurance policy.

A ridesharing insurance policy needs to provide the coverage that you would normally need for a traditional policy. This may include collision coverage. It is a good decision to purchase total coverage as this will prevent one from losing a source of income as the result of damages not caused by an accident.

A driver should consider how large of a deductible they want. Insurance policies with high deductibles are cheaper, but it may result in a driver having to pay out of pocket for minor repairs. Ridesharing increases the risk of a car being damaged by passengers and a driver may want coverage for those damages. In addition, working as a professional driver will increase the number of miles put on the car and many of those miles will be in cities or residential areas that can quickly wear out a car. A driver may want a policy that covers repairs. It is important to look to see if the total insurance coverage is good for repairs, or if the personal automotive policy will cover repairs for a driver who works for a ridesharing service.

Different Levels Of Car Insurance For Uber & Lyft Drivers

It is possible to purchase car insurance that offers different levels of protection based upon what activity they are currently engaging in. Some insurance policies will begin coverage once one has opened their ridesharing app. The insurance policy can then offer a higher level of insurance once the passenger is in the car. This allows the insurance policy to adjust to the amount of coverage that is needed while keeping the overall premium low.

How To Shop For Rideshare Insurance

The process of getting a ridesharing insurance quote is relatively simple. The first step will involve entering in some personal information such as where one lives. Providers will also want to know how much one drives overall, how much they drive for ridesharing services, and general details about one’s driving record.

The insurance provider can then show you a detailed list of insurance plans. It is important to look into specific details about coverage such as what if it covers damages other than collisions, the deductible, and how much liability coverage is provided.

The ridesharing service may also want to know some information about the car. Many ridesharing services will provide better rates for safer cars. This is especially true for ridesharing coverage as the passenger increases liability.

The insurance provider may want to inspect the car physically, but many providers simply ask for the driver to submit photos of the car. Some services simply want information about the car such as its general condition and if the car has ever been in a crash. The insurance provider will use this information to determine the value of the car.

Finally, the Uber or Lyft insurance provider will provide you with a completed plan for your approval. The insurance provider will send you documents to show that you have coverage, and many insurance providers can offer digital proof of insurance. This is useful as it allows a driver to show that they have insurance right when their coverage begins.

What Will Affect My Rideshare Insurance Premiums

There are a number of factors that will affect premiums for insurance plans that cover Uber and Lyft. There are the usual factors that affect traditional insurance plans such as age, driving record, type of car, and how much one drives.

A ridesharing insurance plan will also be affected by how much one drives for money. Many insurance plans will require the driver to select a general range of hours with most plans putting a limit on the number of hours a driver is allowed to work. An insurance plan that covers more hours of driving will have higher premiums with most plans charging more per hour of driving the more hours one drives. This may leave the driver wanting to reduce the number of hours they drive in order to get lower premiums.

What About Rideshare Insurance Companies In Alberta & Ontario

The first step in purchasing temporary insurance is to make a list of companies that offer this type of insurance, you can begin a quote with us today to see a complete list of temporary insurance providers. There are a number of rideshare insurance providers in Alberta and Ontario with more providers offering coverage as ridesharing becomes a more popular and legitimate way to earn money. However, there are a number of Canadian provinces that do not have rideshare insurance providers. It is important to check to see if the insurance coverage covers out of state travel, and if the coverage is still valid if one moves to a new province.

Does My Uber Insurance Effect My Personal Car Insurance

Insurance for Uber and Lyft may affect your personal car insurance. The insurance provider will require you to inform your personal provider that you are getting paid to drive and that you have purchased ridesharing insurance coverage.

The ridesharing insurance provider will require you to inform your personal insurance provider. This may result in a negative impact on your personal insurance, and so there are a number of things to do before informing them. It is possible to look to see if the personal insurance provider allows their customers to drive for ridesharing services. Some providers will not make this information available and so you should look into third party websites to find this information. It is also possible to call the personal insurance provider and ask about the consequences of purchasing ridesharing insurance coverage.

Many insurers will worry about the extra miles being put on the car if they offer total coverage, and as a result drivers with total coverage should look into ways to avoid having their insurer raise premiums in response to finding out that their customer is working for a ridesharing service.

The process of informing the personal insurance provider may be as simple as calling the provider and informing them over the phone. Some ridesharing insurance providers may require their customers to submit proof that they informed their personal insurance provider. Other companies may inform the personal provider themselves about the new plan.

The ridesharing insurance provider will need to work with the personal insurance provider in the event of an accident or even a claim. This means that it is important to see if the two providers have a good a history of working together. It is possible to look for reviews of different companies to see if other drivers were able to have their claim processed through the two insurance providers.

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