One of the many ways that you can earn a few extra dollars
here and there (or even create a full-time business) may be behind the wheel of
your car. With companies like Uber and Lyft becoming more
popular than ever from a consumer standpoint, many people are willing to help
out. But, what happens if there’s an accident? Before you drive for a ride
share company, you need to know a bit about auto insurance for drivers.
What Insurance Do You
Though various ride share companies exist
now, Uber and Lyft, two of the largest in the United States,
require every driver to have car insurance in place. It also offers a
supplemental type of coverage for you, but that coverage only applies when the
app is on and you’re operating. But, your auto insurer can help you as well.
First, consider the reasons why you need added coverage:
are facing an increased risk of liability now that you are driving others
may be driving more, which also increases your risk.
those that turn this into a business model, you may need to upgrade your
comprehensive and collision coverage to reflect the higher value of your
But, What Insurance Do You Need?
Most average auto insurance plans may cover you and your
passengers in accidents if you have the right type of plan. However, if you are
now using your car for a commercial purpose, you’ll need to upgrade your policy
to this by informing your current agent or simply obtaining a new policy. Your
personal auto insurance policy isn’t enough to protect you. However, you can
add a higher limit to your general liability insurance or purchase umbrella
liability insurance. And, you’ll want to add on complete car insurance
including comprehensive cover, collision insurance, and medical payments to
further extend your protection.
There’s good news, though. Most of these upgrades are
inexpensive and offer a number of key benefits to you. You’ll appreciate the
added protection as you go from one street to the next helping those who need a
ride to get it, and adding a bit of extra money to your budget as a result.
Get a free quote today. Call Texas Insurance
Agency at (713) 921-8000 for more information on Houston auto insurance.