Rideshare car insurance

If you are a rideshare driver, it is highly recommended that you consider rideshare insurance. Rideshare insurance is specifically designed to provide coverage for drivers who use their personal vehicles for ridesharing services like Uber – and may even be required by the company before you can work for them.

A number of insurances are available to rideshare car drivers, including:

• Personal car insurance – this is the cover that most people have for driving their cars for personal use. It doesn’t cover commercial or business use, like ridesharing.
• Rideshare car insurance – this cover typically provides coverage for rideshare drivers who use their vehicles for both work (as a rideshare driver) as well as personal purposes.
• Third-party insurance – this type of cover typically covers the driver against claims made by a third party. In other words, it covers the policyholder’s liability for damages or injuries to someone else of their property.

There are several key factors to consider, including:

• Coverage: For both business and personal use
• Coverage options: Does it provide adequate cover for you and other parties? Also, is collision included in your policy?
• Coverage during all rideshare phases, including when you are waiting for a ride request, en route to pick up a passenger, and during an active ride.
• Deductibles and limits: Deductibles are the amount you must pay out of pocket before the insurance coverage kicks in, so consider what you can comfortably afford. Additionally, check that your coverage limits are sufficient to protect your assets and cover potential damages or injuries.
• Cost: Consider the cost of the insurance policy and how it fits into your budget. While it's important to find affordable coverage, remember that cheaper policies may have limited coverage or higher deductibles. Balance the cost with the level of coverage and protection you need.
• Insurance provider reputation: Look for a reputable and reliable insurance company that has experience in providing rideshare car insurance. 

Marsh uses Ride Protect to provide the insurance solution for our Australian rideshare car insurance clients.

Ride Protect has developed a unique rideshare car insurance solution by partnering with prominent insurers and technology experts.

The result is a policy that offers you comprehensive vehicle protection for your business and personal use – plus free 24/7 roadside assistance.

Rideshare car insurance combines a commercial vehicle insurance policy and a personal insurance policy. You only pay for one policy to cover your risks.

Changing policies can be done at any time with most insurers granting you a return premium if you cancel during the existing policy period.

Simply call your current insurer and ask how much you would be credited if you moved your insurance to Ride Protect.

Call 1300 334 520 or use the Ride Protect claims portal.

Simply log on 24/7 to see the progress of repairs and communicate with the repairer and Ride Protect. You can also choose to receive SMS and/or emails on your vehicle’s repair progress. 

Yes, this policy covers both your business use and personal use.

Many gig economy partners now request vehicle comprehensive insurance – this solution allows you to buy one competitively priced policy to meet all your insurance needs.

No, there are no percentage limits on your usage giving you the flexibility to run your business as often or as little as you like. 

Yes, we will give you the authority to tow your vehicle to the nearest repairer, place of safety or to any other place with our prior approval.

Yes, when we repair your vehicle, we will pay for the reinstatement costs of sign writing, artwork or fixed advertising signs as existing at the time of the loss or damage to the value of $5,000.