Skip the auto shop - Our mechanics make house calls

5 Essential Things to Know About Ridesharing

Ridesharing

If you don’t know the term ridesharing, you’re sure to know the names Uber and Lyft. These companies fall under the ridesharing umbrella, which are also known as TNCs (transportation network companies). While all those ads to become a driver are enticing, there are a few essential things you need to know before you jump in and offer up your vehicle.

How It Works

Ridesharing essentially means that you are either using your vehicle to transport others to places they need to go, or you are paying a service for the ride. Many times an app is used to set up the pickup location, and the driver heads to that location, much as a taxi would do. The person hops in, is taken to their destination and pays for the transaction – usually through the app as well. If you’re the driver, your percentage of the ridesharing fee will likely be paid through the app or preset arrangements.

Know What Your Insurance Covers

While you may have insurance on your vehicle, it might not cover you when driving for ridesharing. In fact, most insurance policies have a clause that specifically states that use of the vehicle in a for-hire manner eliminates the coverage. Take the time to read your existing policy or speak with your agent – before you get in an accident. Failing to have coverage could result in your paying for everything out of pocket, especially if you’re the one that was at-fault.

Ridesharing Company Insurance Might Not Be Enough

Most ridesharing companies say that they provide insurance to their drivers. However, that insurance may not be enough coverage, and you could end up in disputes depending on when the accident occurs – especially if you don’t have a passenger in the vehicle when an accident occurs. Make sure you understand the requirements and limits before you put too much trust in the agency’s policies.

Track Everything

While those high hourly rates for ridesharing sound promising, you likely won’t come close to what the companies advertise. If you want to make sure you do, you’ll want to track your mileage, fuel costs and maintenance costs on your vehicle that occur due to your ridesharing duties. They can all be claimed on your taxes, which will help offset them since they are considered business costs.

Consider Part-Time

While you might be tempted to jump right in with ridesharing, it’s best to start out part time and keep your full time position. Some areas simply don’t have enough people using them to provide a decent full-time income, especially when you start paying for gas, insurance and the like.

The statements expressed above are only for informational purposes and should be independently verified. Please see our terms of service for more details
Icon-warranty_badge-02

Skip the repair shop, our top-rated mechanics come to you.

At your home or office

Choose from 600+ repair, maintenance & diagnostic services. Our top-rated mechanics bring all parts & tools to your location.

Fair & transparent pricing

See labor & parts costs upfront, so you can book with confidence.

12-month, 12,000-mile warranty

Our services are backed by a 12-month, 12,000-mile warranty for your peace of mind.

Get A Quote

Need Help With Your Car?

Our certified mobile mechanics make house calls in over 2,000 U.S. cities. Fast, free online quotes for your car repair.

GET A QUOTE

More related articles

How Long Does a Heater Control Valve Last?
Keeping the right amount of coolant in a car is essential in keeping the engine at the right temperature. Failing to have the right amount of coolant or even bad elements...
P0121 OBD-II Trouble Code: TPS "A" Circuit Range Performance Problem
P0121 code definition Throttle Pedal Position Sensor/Switch (TPS) A Circuit Range Performance Problem...
How to Transfer a Car Title in Idaho
In order to prove ownership of a car, you must have the title. However, when a car is sold, given away or inherited, the title needs...


Related questions

Q: What does the check fuel fill inlet warning mean in the message center?

Today’s cars have very comprehensive emissions monitoring systems. Not only does the computer monitor the engine and the exhaust, but it also monitors your fuel system. If it detects an evaporative emissions leak (gas), it may display a warning in...

Q: i20 hit by stone from below, steering doesn't come back to straight after turns, clutch pedal feels steering movements when pushed

Hello, thanks for writing in. It sounds like something got bent when you hit the stone. If the CV axle or lower control arm on the suspension was bent, then this will happen. When this occurs, it will either cause...

Q: Infiniti Q50 2015 maintenance other alert meaning?

Hello, thank you for writing in. These particular warning lights are preset by someone to remind you that there is some form of maintenance that needs to be done. The intervals are set to alert you after a certain number...