Uber and Lyft employ millions of Americans, with more than 60% saying being a rideshare driver is their full-time job, according to Gridwise. While the freedom of setting their own schedule helped attract people to the job, many likely did so without fully thinking through how it would impact their insurance situation.
Drivers with separate vehicles for a rideshare job and personal use, a practice employed by 42% of gig-work drivers, can simply enroll the respective vehicles in separate commercial and personal policies, according to The Zebra.
However, Allstate does note that many of the major rideshare companies do offer limited commercial coverage to drivers using their personal cars, but these policies typically only offer coverage when the driver is going to pick someone up or had a passenger in the vehicle.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
