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> I'm thinking 20 cents for car depreciation, 5 cents for tires, 10 cents for gas, 10 cents for insurance, another 5 cents for misc maintenance costs, the IRS 5

> I'm thinking 20 cents for car depreciation, 5 cents for tires, 10 cents for gas, 10 cents for insurance, another 5 cents for misc maintenance costs, the IRS 50 cent estimate isn't bad. The point here though is that insurance doesn't go up if you drive for Uber, you would have bought it anyway and paid the same amount. That can be erased from the calculation. The largest part of depreciation for late-model cars, age of the vehicle, is happening whether you drive for Uber or not, so delete (IMO) $0.15 of that $0.20 from depreciation. (If the car is not late-model, the difference between 150k miles and 250k miles is probably less than $1k.) So the calculation is more like: 5 cents for car depreciation, 5 cents for tires, 10 cents for gas, 0 marginal cents for insurance, another 5 cents for misc maintenance costs = $0.25.

jsjohnst 9y ago
> The point here though is that insurance doesn't go up if you drive for Uber That’s simply not true for many insurance policies that a prospective driver would have.
- Domenic_S 9y ago
  Uber provides insurance, but you’re welcome to prove me wrong. You only addressed one point...
  - jsjohnst 9y ago
    This isn’t a court room, I don’t need to counter every point you made. Besides, your own wording implies that was the important point you were trying to make. Re: uber insurance Uber only provides additional coverage, you still need to have personal insurance too, and only for liability are they primary during a trip. https://www.policygenius.com/blog/insurance-secret-uber-doesnt-want-know/ https://www.policygenius.com/blog/insurance-secret-uber-does... Via another source: > Uber requires all of their drivers to have car insurance, and provides supplemental insurance coverage, but only while the app is on. Here’s how it works: When the Uber app is off, a driver is covered by their own personal car insurance. When the Uber app is turned on, a low level of liability insurance becomes active. When a trip is accepted, a higher level of coverage kicks in and remains active until the passenger exits the vehicle. Limited liability coverage only when there isn’t a passenger in the car, hence comprehensive is your personal insurance. If your insurance finds out you are using for business and you didn’t disclose (and pay a higher rate), guess what, your claim is denied and your insurance is dropped most likely. A simple google search provided that info. Edit: here’s the link on Uber’s own site to back up the policy. It clearly states the above, comprehensive is supplemental and only while a trip is active (Aka with passenger). https://www.uber.com/newsroom/insurance-ridesharing-uber/ https://www.uber.com/newsroom/insurance-ridesharing-uber/
    - Domenic_S 9y ago
      Sure, but it’s pretty rude to drive-by a “no, you’re wrong” comment with no elaboration. I asserted that insurance costs with Uber wouldn’t exceed what you would likely already have without Uber, and you claimed that was wrong. I see nothing in your reply here that backs that up, only that Uber provides secondary insurance which is what I meant - although not quite what I said - in my above reply to you. Regardless, my original point, that you aren’t paying more for insurance, seems to stand.

jsjohnst 9y ago

> The point here though is that insurance doesn't go up if you drive for Uber That’s simply not true for many insurance policies that a prospective driver would have.

Domenic_S 9y ago
Uber provides insurance, but you’re welcome to prove me wrong. You only addressed one point...
- jsjohnst 9y ago
  This isn’t a court room, I don’t need to counter every point you made. Besides, your own wording implies that was the important point you were trying to make. Re: uber insurance Uber only provides additional coverage, you still need to have personal insurance too, and only for liability are they primary during a trip. https://www.policygenius.com/blog/insurance-secret-uber-doesnt-want-know/ https://www.policygenius.com/blog/insurance-secret-uber-does... Via another source: > Uber requires all of their drivers to have car insurance, and provides supplemental insurance coverage, but only while the app is on. Here’s how it works: When the Uber app is off, a driver is covered by their own personal car insurance. When the Uber app is turned on, a low level of liability insurance becomes active. When a trip is accepted, a higher level of coverage kicks in and remains active until the passenger exits the vehicle. Limited liability coverage only when there isn’t a passenger in the car, hence comprehensive is your personal insurance. If your insurance finds out you are using for business and you didn’t disclose (and pay a higher rate), guess what, your claim is denied and your insurance is dropped most likely. A simple google search provided that info. Edit: here’s the link on Uber’s own site to back up the policy. It clearly states the above, comprehensive is supplemental and only while a trip is active (Aka with passenger). https://www.uber.com/newsroom/insurance-ridesharing-uber/ https://www.uber.com/newsroom/insurance-ridesharing-uber/
  - Domenic_S 9y ago
    Sure, but it’s pretty rude to drive-by a “no, you’re wrong” comment with no elaboration. I asserted that insurance costs with Uber wouldn’t exceed what you would likely already have without Uber, and you claimed that was wrong. I see nothing in your reply here that backs that up, only that Uber provides secondary insurance which is what I meant - although not quite what I said - in my above reply to you. Regardless, my original point, that you aren’t paying more for insurance, seems to stand.