The popularity of rideshare apps has exploded in recent years. Apps like Uber and Lyft have become the most efficient means of transportation for many people. Driving apps help people match drivers who are willing to take them to their intended destination. As the demand for these apps continues to increase, more people are trying to make money by working for these companies.
If you want to start driving for a carpooling app, remember that you are considered a commercial driver as soon as you start letting a passenger into your vehicle. You need to find a separate policy away from your personal car insurance to be protected. So if you are planning to start driving for one of these companies, here are some things to keep in mind.
Your personal car insurance ceases to cover you when you start driving for the service. If you are involved in an accident while waiting between passengers, you may not be covered. Think about the benefits of carpool insurance. Rideshare insurance covers these gaps so that you are protected at all times. Make sure you inform your insurance company that you plan to drive commercially. Withholding the truth can cause your insurer to terminate your insurance.
Carpooling services are classified as transport network companies. These companies offer insurance to their employees, but you may not be fully protected. Working as a carpool driver requires several periods. While you are logged out of the app, your personal car insurance covers you. Once you log in to the app and wait for a passenger, you can have third party liability insurance.
When you have a passenger in the car and you take them to their destination, you will have liability, extensive collision and uninsured motorist protection. Remember that you may be liable to pay a deductible before the third party insurance takes effect to cover any damages.
Carpool insurance costs about $ 10 per month, and you can add about 20% to your premium. Some companies do not offer car insurance, and you may have to add commercial car insurance instead. Ask your insurance company to add an endorsement to your insurance.
There are many benefits to becoming a co-driver. Above all, you get to set your own schedule. Develop a plan. Set an income goal, write down the number of hours you plan to run each week and how to maximize your time. Investigate different pricing options. Learn more about the area you are driving in. Also examine traffic patterns, road conditions and popular events and make sure your vehicle always has a full fuel tank.
Make sure you have a good phone. Your telephone is one of your most important tools as a carpool driver. Your phone connects you to potential customers, includes a GPS and provides access to other resources. Your phone charger should always be nearby, as running the app all day quickly drains the battery. Invest in a phone mount, as it will help you safely see your GPS while still looking at the road.
By becoming a carpool driver, you can make money while having a flexible schedule. However, there are still risks that you are navigating while on the road. If you add the necessary insurance, you will protect yourself in the event of an emergency. Contact our insurance experts at Abbate Insurance Associates, Inc. today if you have any questions!