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Yes, insurance rates for ride share cars is higher because it's a commercial vehicle. And yes, most people commute an hour or 2 each day, not rack up hundreds o

Yes, insurance rates for ride share cars is higher because it's a commercial vehicle. And yes, most people commute an hour or 2 each day, not rack up hundreds of miles for 8+ hours a day. So yeah, the cost is not comparable.

macintux 9y ago
> Yes, insurance rates for ride share cars is higher because it's a commercial vehicle. Do Uber/Lyft drivers typically make their activities known to their insurance companies?
- oldcynic 9y ago
  If they want cover in the event of an accident they do.
- toomuchtodo 9y ago
  State Farm had a warning in their recent mailer for policy renewals that you are not covered under your auto policy for any ridesharing activities, although you could purchase a rider to insure you at additional cost.
  - weaksauce 9y ago
    Also, if you say 12 or 24 thousand miles a year and get into an accident with widely unexpected mileage on your car, they will suspect something is amiss and likely investigate.
    - toomuchtodo 9y ago
      State Farm also obtains your mileage data from "third party providers". https://splinternews.com/how-car-insurance-companies-spy-on-your-mileage-1793860442 https://splinternews.com/how-car-insurance-companies-spy-on-...
- dragonwriter 9y ago
  > Do Uber/Lyft drivers typically make their activities known to their insurance companies? Maybe not, but if they do there is substantial legal risk (not just for accident liability—for which they will be uninsured—but also for the legal consequences of driving without legally mandated insurance coverage.)
- nugi 9y ago
  From a sample of 10, 8 were using private insurance and planning to lie in the event of an accident. I have no way to know if this is at all represebtative. Moat expressed the rates were so high as to prevent any but full time drivers (40+ hours/week) from profiting with it. I am certian Uber knows, as they choose not to verify this.

macintux 9y ago

> Yes, insurance rates for ride share cars is higher because it's a commercial vehicle. Do Uber/Lyft drivers typically make their activities known to their insurance companies?

oldcynic 9y ago
If they want cover in the event of an accident they do.
toomuchtodo 9y ago
State Farm had a warning in their recent mailer for policy renewals that you are not covered under your auto policy for any ridesharing activities, although you could purchase a rider to insure you at additional cost.
- weaksauce 9y ago
  Also, if you say 12 or 24 thousand miles a year and get into an accident with widely unexpected mileage on your car, they will suspect something is amiss and likely investigate.
  - toomuchtodo 9y ago
    State Farm also obtains your mileage data from "third party providers". https://splinternews.com/how-car-insurance-companies-spy-on-your-mileage-1793860442 https://splinternews.com/how-car-insurance-companies-spy-on-...
dragonwriter 9y ago
> Do Uber/Lyft drivers typically make their activities known to their insurance companies? Maybe not, but if they do there is substantial legal risk (not just for accident liability—for which they will be uninsured—but also for the legal consequences of driving without legally mandated insurance coverage.)
nugi 9y ago
From a sample of 10, 8 were using private insurance and planning to lie in the event of an accident. I have no way to know if this is at all represebtative. Moat expressed the rates were so high as to prevent any but full time drivers (40+ hours/week) from profiting with it. I am certian Uber knows, as they choose not to verify this.