Please note that we are not associated with Aon Insurance; the information provided here is for educational purposes only. For the most accurate and up-to-date details, please verify directly with Aon.

If you’re an Uber driver, you might be wondering about the optional insurance provided by Aon, an Uber partner. This insurance plan offers additional protection for drivers, giving you peace of mind while on the road. In this blog, we’ll explore the ins and outs of Uber’s optional insurance with Aon, including its benefits, costs, and how to sign up.

What is Uber Optional Insurance with Aon?

Uber’s optional insurance with Aon is an additional insurance plan that Uber drivers can opt into for extra financial protection. This insurance plan is designed to provide a safety net for drivers in the event of accidents or injuries that occur while they are online and giving rides. The insurance covers lost wages and provides a weekly payout to drivers, ensuring financial stability during difficult times.

How Does it Work?

The Aon insurance plan is simple and straightforward. It costs under four cents per mile and covers drivers for the entire time they are online, including while waiting for ride requests, en route to pick up passengers, or on an active trip. This means that if you’re involved in an accident or experience an injury that prevents you from working, the insurance will provide a weekly payout to compensate for your lost wages.

For example, if an Uber driver gets into an accident and has to take time off for car repairs, the Aon insurance can provide a weekly benefit of up to $500 to cover their lost earnings. This can be a valuable financial cushion, especially for drivers who rely on their Uber income to make ends meet.

Cost and Sign-Up Process:

The cost of the Aon insurance plan is based on the number of miles driven. At the time of writing, the rate is 0.04 cents per mile. This means that if you drive 200 miles a day, seven days a week, you would pay approximately $190 per month for the insurance.

To sign up for the Aon insurance plan, you can visit the official website (driverinjuryprotection.uber.com/faq) and review the details. The website provides information on the coverage, benefits, and differences between this plan and other insurance options. You can also find out more by attending Uber meetings, where representatives from Aon may be present to explain the insurance plan and answer questions.

Pros and Cons of Uber Optional Insurance with Aon

Pros:

• Financial Security: The biggest advantage of the Aon insurance plan is the financial security it offers. With coverage for lost wages, drivers can have peace of mind knowing they will still receive an income during unexpected downtime.
• Comprehensive Coverage: The insurance applies regardless of whether you are waiting for a ride request, en route, or on an active trip. This comprehensive coverage ensures protection throughout your entire working shift.
• Affordable Cost Structure: With a cost of under four cents per mile, the insurance is relatively affordable, especially when compared to the potential earnings lost due to an accident or injury.

Cons:

• Cost Accumulation: While the per-mile cost seems low, it can add up quickly, especially for drivers who cover long distances. For example, a driver traveling 200 miles per day would incur a significant monthly expense.
• Potential for Limited Benefits: In some cases, the insurance may not provide substantial benefits. For instance, if a driver only opts for short trips, the lost wages covered by the insurance may not be substantial enough to make a significant difference.

Uber’s optional insurance with Aon offers valuable protection for drivers, ensuring financial stability during unexpected events. With its affordable cost structure and comprehensive coverage, it can provide peace of mind for Uber drivers. However, it’s important to weigh the pros and cons based on your individual circumstances, considering factors like mileage and potential earnings, to decide if this insurance plan is the right choice for you.

Remember to review the official website and stay updated with the latest information to make an informed decision about Uber’s optional insurance with Aon.