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Commercial vehicle insurance?

Discussion in 'Advice' started by Mikey-D, Sep 6, 2015.

  1. Mikey-D

    Mikey-D

    Location:
    Hemet, Ca
    Do we really need this? If so, where do I get it on the cheap? I'm just starting out. This added expense, they don't mention in those "driving for uber is easy," adds.
     
    chi1cabby likes this.
  2. Don't need it if you never have an accident with a Uber rider in the car. If you do your toast, whether it's your fault or not. Your personal auto insurance had a clause in it that prohibits driving for hire. They will reject your claim and drop you like a hot potatoe. If you own anything of value your putting it at risk, without commercial insurance. Uber knows drivers can't afford it and that most of them are just winging it without telling their insurance company. They don't care because it's not their liability and I if they tell it like it is, it would be a major negative for drivers to signup. If your already driving you had better do your homework on the insurance issue and understand your insurance risks. Read the posts on this site, plenty of insurance nightmare posts.
     
    Mikey-D likes this.
  3. Mikey-D

    Mikey-D

    Location:
    Hemet, Ca
     
  4. Mikey-D

    Mikey-D

    Location:
    Hemet, Ca
    So what would be the cheapest route?
     
  5. chi1cabby

    chi1cabby

    Location:
    Chicago
    Driving:
    UberTAXI
  6. No, you don't have to purchase commercial insurance. Your options boil down to this:
    1. Never get into an accident.
    2. Purchase commercial livery insurance.
    A typical policy on a typical automobile will run you about $4500 per year, so you're going to be driving a lot to cover that nut. But driving TNC without a commercial livery policy is a fool's errand and you're putting yourself and all that you own at great risk.

    Hope this helps.
     
  7. UberNorthStar

    UberNorthStar

    Location:
    Southern Burbs of Houston
    Driving:
    UberX
    Wrong!

    Uber does not cover the driver's expenses in an at-fault accident. There is no medical, collision, comprehensive, or un/underinsured motorist coverage for the U driver.
     

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