As an Uber driver, here’s what I’ve learned about insurance coverage that’s really necessary in 2024:

1. Personal Auto Insurance

First off, your regular car insurance isn’t enough for rideshare driving. You need to inform your insurance company that you drive for Uber (or Lyft) because standard policies don’t cover you when you’re working for a rideshare. If you don’t tell them, they could deny a claim or even cancel your policy if they find out you’re a rideshare driver.

2. Rideshare Insurance

Many insurance companies now offer rideshare insurance that fills in the gaps. This is super important because when you’re in “Period 1” (waiting for a ride request), Uber’s insurance only provides liability coverage, not comprehensive or collision. Rideshare insurance can cover your car during this time.

3. Uber’s Coverage

When you’re driving a passenger or en route to pick someone up (Periods 2 and 3), Uber’s insurance kicks in with up to $1 million in liability coverage. They also provide comprehensive and collision coverage, but only if you already have that on your personal policy, and you’re responsible for a $2,500 deductible. So, keep that in mind because if you get into an accident, that deductible can be a big hit.

4. Uninsured/Underinsured Motorist Coverage

Uber provides uninsured/underinsured motorist coverage, which is key because if someone hits you and doesn’t have insurance, you’re still covered. This is especially helpful if you drive in areas with a lot of uninsured drivers.

5. Gap Insurance

If you’re financing or leasing your car, you might also want to look into gap insurance, which covers the difference between what your car is worth and what you owe if it’s totaled. Uber’s insurance will only pay the actual cash value of your car, so if you’re underwater on your loan, this is something to consider.

To sum it up: You need to get rideshare insurance to cover you when the Uber app is on but you’re not yet on a ride. And make sure you have personal auto insurance that covers you while you’re off the clock. Uber’s got you covered for liability when you’ve got passengers, but don’t forget about that $2,500 deductible for damage to your car! It’s a good idea to talk to your insurance agent to make sure you’re fully covered.