I was thinking about moonlighting with Uber to earn some extra cash. The only issue is that I’m worried it will increase my insurance rates and eat into my profits. Will driving for Uber affect your insurance?
: You’ll need to add rideshare coverage to your policy to ensure you’re covered at all times when driving for Uber.
Uber’s coverage will take care of claims for accidents that occur while you’re actually chauffeuring passengers around. However, neither Uber’s insurance nor your personal insurance policy will cover you during the period in which you’re on the job, but you haven’t yet picked up your passenger—this is where rideshare coverage comes in.
Even though driving for Uber will result in increased insurance rates, it’s unlikely to consume all your profits. Good luck!
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.