Commercial Auto Insurance

YES!  You’ll need rideshare insurance if you drive for MyRideShares.  

Commercial (ride share) & Personal auto insurance for Ride Share drivers — on top of the MyRideShares' companies’ coverage — is the best way to be fully covered on the job. Often called rideshare insurance, these hybrid policies include coverage for personal auto use plus the times drivers are signed in to a ridesharing app but are not covered by the Ride Share company's insurance.

Drivers for on-demand restaurant food delivery, grocery delivery and package delivery companies also need rideshare insurance to avoid a coverage gap.

Consult with your licensed insurance agent for advise and recommendation about policies and coverages you should carry as a ride share driver.

YES!  We prefer that our drivers have full coverage auto insurance as well as ride share / commercial auto insurance to make sure that you do not have any gaps in your auto insurance coverage.

Full coverage car insurance typically refers to an auto policy that combines liability insurance with comprehensive and collision insurance. This combination pays for damage to your car and also covers injuries or damage you cause to others.

Full coverage car insurance usually includes:

• Liability insurance, which pays for other people’s medical bills and property damage from an accident you cause.
• Collision insurance, which pays for damage to your own vehicle after an accident.
• Comprehensive insurance, which pays for damage to your vehicle from circumstances outside your control, like natural disasters or theft.

Full coverage car insurance isn’t required by law. Most states require a minimal amount of liability insurance, but this only covers damage or injuries you cause to others, not your own injuries or car repairs. Full coverage offers extra financial protection after a crash beyond your state’s minimum requirements.

As a ride share driver full coverage insurance must also include ride share auto insurance or a commercial auto insurance policy if ride share insurance is not available in your state.

Bodily injury liability

Medical costs due to injuries or deaths from an accident you caused.

Property damage liability

Repair costs for property you damaged in an accident.

Uninsured motorist bodily injury liability 

Medical costs after an accident with an uninsured driver.

Uninsured motorist property damage coverage

Repair costs after an accident with an uninsured driver.

Collision coverage

Repair costs to your car if you crash with another vehicle or run into an object, such as a tree or a telephone pole. 

Comprehensive coverage

Repair costs from events outside your control — including weather, hitting an animal while driving, theft and vandalism.

Most major insurer companies do not allow you to use your personal car insurance for business purposes. You need rideshare insurance in any situation where you drive your car to earn money, whether you drive for MyRideShares or another ridesharing company, or an app-based delivery service.

Your personal auto insurer is unlikely to cover accidents that happen while you are performing the duties of your ridesharing job, and, in fact, your auto insurer could cancel your policy if it finds out you haven’t disclosed you drive your vehicle for money. Even if you have coverage from the company you rideshare for, it likely won’t apply the entire time you’re on the job.

Though ride share companies will provide coverage while you are driving with a passenger, you won’t be covered when you are in between rides. A standard personal insurance policy won’t cover you, either. You’ll need to add rideshare coverage to your personal policy through your insurer. Without the added coverage, you’ll have gaps in your auto insurance coverage.

However, rideshare insurance isn’t available everywhere. If you can’t get it, you’ll need a commercial insurance policy to be fully insured and avoid being dropped by your carrier.

MyRideShares insurance provides minimal coverage while you have the app on and are waiting for a request. More complete coverage kicks in once you’ve accepted a ride and are carrying passengers.

Here’s how a personal policy and a rideshare company’s insurance work during a shift:

• App is off. Your personal policy covers you.
• App is on and you’re waiting for a ride request. You’re insured by your personal policy as long as it includes rideshare coverage or if you have a commercial policy. Your rideshare employer’s policy is limited to liability coverage, which pays for injuries and damage you cause.
• Request accepted, and you’re enroute to pick up a passenger. Your MyRideShares insurance policy is in full force.
• You have passengers in the car. Your MyRideShares insurance policy is in full force.
• You’ve dropped off your passenger, the app is on, and you’re waiting for a new ride. Your rideshare employer’s policy is limited to liability coverage during this time. Your personal auto insurance won’t cover you unless you have additional rideshare coverage or a commercial policy.

MyRideShares app insurance policy will offer you coverage for injuries or damage you may cause to others or their property while you’re ridesharing. Damage to your car from an accident is covered by the ridesharing company only if your personal policy includes comprehensive and collision insurance, sometimes called full coverage.

If you have full coverage and damage your car while ridesharing, you’ll need to pay MyRideShares' deductible, which is your share of repair costs, before our insurance pays out. Most RideShare companies have a $2,500 deductible.

 If you cause an accident while you’re on your way to a fare, carrying passengers or picking up or making a delivery, the insurance policies for MyRideShares will cover medical expenses and other damage you cause up to at least $1M, depending on the insurance company and your state.

If an uninsured or underinsured driver hits you while driving for MyRideShares, the amount the ridesharing company’s policy covers varies by state and may be contingent on whether you have uninsured/underinsured motorist coverage on your personal policy. Most delivery companies likely do not offer coverage for this situation.

You can also draw on comprehensive and collision coverage from MyRideShares — but only if you also have such coverage on your personal policy.

If you cause an accident while the rideshare app is on and you’re waiting for a request, you’ll need to file a claim with your insurance provider and with the rideshare company. The ridesharing company’s insurance will provide only liability coverage, which means injuries and damage you cause to others and their property are covered. Damage to your car is covered only if your personal policy includes comprehensive and collision coverage.

Always consult with a licensed insurance professional when buying or considering any type of insurance. 

Rideshare insurance is usually a hybrid of the coverage offered by your ridesharing company plus rideshare coverage added to your personal auto policy. 

You typically can’t buy rideshare insurance as a stand-alone policy. For example, you can’t have Insurance Company A for your personal auto policy and buy rideshare insurance from Insurance Company B.

When selecting rideshare insurance, be sure to:

• Tell your personal auto insurer you’re driving for a ridesharing company.
• Figure out the gaps between what your personal policy covers compared with your rideshare company’s policy.
• Ask your insurer whether it offers rideshare insurance to fill in coverage gaps or to quote you a commercial policy. If both types are available, get both quotes so you can compare costs.

 You NEED Full coverage insurance if you:

• Drive for a ride share company.
• Drive for a restaurant, grocery, food or package delivery company.
• Drive your personal vehicle for both personal and commercial use.
• Drive a new or expensive car.
• Have an auto loan or lease 
• Drive a rental car for commercial use.
• Regularly commute in heavy traffic.
• Live in a region that experiences extreme weather.
• Live in an area with high car theft rates or a high risk of animal collisions.
• Can’t afford to repair or replace your car if it’s wrecked or stolen.

To see if My Ride Shares is available in your city, simply enter your location in our mobile app or on our website. If we're not currently operating in your city, we may be expanding there soon!

There are many benefits to using My Ride Shares over traditional taxi services. Our rides are typically more affordable, and you can see the fare upfront before you book. We also offer a range of ride types to suit your needs, and our app makes it easy to track your driver and pay for your ride. Plus, all of our drivers are background-checked and our vehicles are regularly inspected for safety.

There are many benefits to driving for MyRideShares over other ride sharing companies. 

• Our drivers earn the highest incomes in the ride share industry. 
• Our drivers can easily earn six figure incomes.
• Our drivers earn up to 100% of the fare. 
• Our drivers earn uncapped income.
• Our drivers can typically afford to have better insurance coverage that the drivers of other ride share companies. 
• Our drivers can opt in to Medical Dental Vision & Prescription insurance coverage from day (1). 
• Our drivers can opt into higher service tiers to earn even higher incomes.
• We offer a range of surge times and ride types to meet your income goals,  
• Our app makes it easy to track your pay to meet your income goals. 
• All of our drivers are background-checked and
• All of our drivers have their vehicles regularly inspected for safety.
• All drivers have the option to purchase company's private stock.

To become a My Ride Shares driver, simply visit our website and fill out an application. You'll need to meet our eligibility requirements, which include having a valid driver's license, passing a employment background check, having a clean driving record, having full insurance coverage, commercial rideshare auto insurance coverage and a clean reliable vehicle. Once you're approved, you can start accepting ride requests through our app and earning money as a driver.