The rideshare industry has become a popular way for anyone with a car to generate additional income or create a freestanding career. In fact, full-time drivers made around $36,525 on average in 2018.
While the extra cash alone is enticing for many, it’s important to consider all the factors before diving into a career with Uber or Lyft. These rideshare companies provide drivers with insurance coverage, but many drivers don’t realize that they aren’t fully covered from the time they get in their car to the time they hang up the keys.
Rideshare insurance, typically purchased as an add-on to a personal auto policy, can help to protect drivers from potential gaps in coverage. However, rideshare insurance bridges these gaps in coverage and keeps drivers protected even before they begin their first trip.
Table of Contents
- What is Rideshare Insurance and Do I Need It?
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