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The insurance point deserves further discussion - in many states your normal coverage is voided by driving for profit. So if you get into an accident where the

The insurance point deserves further discussion - in many states your normal coverage is voided by driving for profit. So if you get into an accident where they can prove you were working, you aren't going to get anything. I know many people who are driving for Uber and Lyft and have no idea about this

Steeeve 9y ago
Uber and Lyft both now verify that you have supplemental insurance. It's kind of screwy. If you have a passenger in the car, Uber/Lyft coverage is in place. If you are driving around working but no passenger, it's the driver's rideshare insurance - which is typically a rider on their personal policies. This probably changes regionally, but that's how it works in California.
- lsc 9y ago
  Which is a good first step... but if I'm injured at a regular job? workers comp will cover my own bills and lost wages while I recover(usually even if it was my own goddamn fault) - Uber drivers don't get that benefit, and they are a lot more likely to be injured on the job than I am.
  - EdJiang 9y ago
    https://help.uber.com/h/ba03b1db-46f9-4350-9a39-8a98b83f813e https://help.uber.com/h/ba03b1db-46f9-4350-9a39-8a98b83f813e Uber is partnered with a company that provides driver injury insurance for ~4c/mile.
throwaway0255 9y ago
Oh yeah, insurance and financial products in general are just silent murderers of people's finances. Families get wrecked financially for generations to pay for this stuff and they don't even realize it's happening. And in order to even be eligible to become an Uber or Lyft driver, you first must navigate through that minefield of auto loans and auto leases and insurance companies. And Uber and Lyft is the opportunity that convinces you that it's a good idea to do that (more similarities to Herbalife). I say all this as someone who uses Uber and Lyft almost every day. The drivers think I'm paying them to drive me somewhere, but what I'm actually doing is paying for them to take on the liabilities/debt/depreciation associated with owning a vehicle. That's where the value is for me, it has nothing to do with them driving.
tonyztan 9y ago
Both Uber and Lyft have insurance policies that cover drivers and passengers during rides, and in most cases the maximum coverage per accident is $1 million. https://www.uber.com/drive/insurance/ https://www.uber.com/drive/insurance/ https://help.lyft.com/hc/en-us/articles/115013080548-Insurance-Policy https://help.lyft.com/hc/en-us/articles/115013080548-Insuran...
- pzxc 9y ago
  However, the insurance provided by Uber and Lyft only cover when you have a passenger in the car -- they don't cover you when you are driving to pick up the next person. And your own insurance also doesn't cover you during that period, unless you buy a separate commercial rider.
  - V-eHGsd_ 9y ago
    that's not true. it covers the driver while the app is on. https://www.uber.com/drive/insurance/ https://www.uber.com/drive/insurance/ > While you’re online with Uber before you accept a request, you are covered by our insurance policy for your liability to a third party if you are in an accident when you’re at fault
    - giancarlostoro 9y ago
      Only when you're at fault?
      - jachee 9y ago
        If the other party is at fault, their insurance should cover their liability for your damages.
        DrScump 9y ago
        ... if they have valid insurance and if they don't flee the scene.
  - 9y ago

Steeeve 9y ago

Uber and Lyft both now verify that you have supplemental insurance. It's kind of screwy. If you have a passenger in the car, Uber/Lyft coverage is in place. If you are driving around working but no passenger, it's the driver's rideshare insurance - which is typically a rider on their personal policies. This probably changes regionally, but that's how it works in California.

lsc 9y ago
Which is a good first step... but if I'm injured at a regular job? workers comp will cover my own bills and lost wages while I recover(usually even if it was my own goddamn fault) - Uber drivers don't get that benefit, and they are a lot more likely to be injured on the job than I am.
- EdJiang 9y ago
  https://help.uber.com/h/ba03b1db-46f9-4350-9a39-8a98b83f813e https://help.uber.com/h/ba03b1db-46f9-4350-9a39-8a98b83f813e Uber is partnered with a company that provides driver injury insurance for ~4c/mile.

throwaway0255 9y ago

Oh yeah, insurance and financial products in general are just silent murderers of people's finances. Families get wrecked financially for generations to pay for this stuff and they don't even realize it's happening. And in order to even be eligible to become an Uber or Lyft driver, you first must navigate through that minefield of auto loans and auto leases and insurance companies. And Uber and Lyft is the opportunity that convinces you that it's a good idea to do that (more similarities to Herbalife). I say all this as someone who uses Uber and Lyft almost every day. The drivers think I'm paying them to drive me somewhere, but what I'm actually doing is paying for them to take on the liabilities/debt/depreciation associated with owning a vehicle. That's where the value is for me, it has nothing to do with them driving.

tonyztan 9y ago

Both Uber and Lyft have insurance policies that cover drivers and passengers during rides, and in most cases the maximum coverage per accident is $1 million. https://www.uber.com/drive/insurance/ https://www.uber.com/drive/insurance/ https://help.lyft.com/hc/en-us/articles/115013080548-Insurance-Policy https://help.lyft.com/hc/en-us/articles/115013080548-Insuran...

pzxc 9y ago
However, the insurance provided by Uber and Lyft only cover when you have a passenger in the car -- they don't cover you when you are driving to pick up the next person. And your own insurance also doesn't cover you during that period, unless you buy a separate commercial rider.
- V-eHGsd_ 9y ago
  that's not true. it covers the driver while the app is on. https://www.uber.com/drive/insurance/ https://www.uber.com/drive/insurance/ > While you’re online with Uber before you accept a request, you are covered by our insurance policy for your liability to a third party if you are in an accident when you’re at fault
  - giancarlostoro 9y ago
    Only when you're at fault?
    - jachee 9y ago
      If the other party is at fault, their insurance should cover their liability for your damages.
      - DrScump 9y ago
        ... if they have valid insurance and if they don't flee the scene.
- 9y ago