Uber/Lyft/DoorDash Drivers! Not Knowing THIS Could Cost You BIG $$$
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- เผยแพร่เมื่อ 28 ก.ย. 2024
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In this video, Sergio and Chris talk with special guest, Bryant Greening of LegalRideshare about insurance and what you don't know about insurance while driving Uber/Lyft or food delivery could cost you everything.
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I'm Harry, the founder of The Rideshare Guy. I started driving for Uber and Lyft in 2015 and eventually quit my day job as an aerospace engineer to run The Rideshare Guy full time.
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What other questions do you have about car insurance when driving in the gig economy?
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This is disturbing to hear. Even if I'm in an accident that's 0% my fault I'm totally fucked.
I'm officially retired as of this second.
Never again
Rideshare ryders for insurance are not bad when you already have full coverage and an excellent driving record. It's also entirely a write off when you made enough to get tax forms and you keep track of expenses. UBER and LYFT give the gift of paper losses that assist with offsetting earned income. Our businesses run with little net income and get us back much of what is taken in payroll taxes on my and my wife's primary jobs. Take what they give you and open multiple legitimate businesses. My LLC costs me about $150 - $200 a year to maintain and encompasses all dbas at this time. I pay the CPA just under $700 to get it right, written off as professional services as well. Prepaid Legal or Legal Shield, Auto and home insurance, umbrella insurance, all for my home based business. Learn to run your business with ride share as ONE stream of income and find others. Even part time, you can gain the write offs, including mileage at 65 cents plus if memory serves. Depreciation and car payments on newer vehicles, etc. Cost of doing business. Protect yourself.
You won’t make more money by getting your own commercial insurance, Uber will find a way to steal it from you
From what I understand uber only covers when a passenger in the car. Your regular insurance voids your policy while driving for rideshare and I also have my own rideshare insurance from progressive.
Yes we will they are charging 20k for a policy that cost only 3k to 6k a year that extra money should be going to drivers pocket not to Uber.
I agree UBer finds every way to stael from drivers.
We should not have to pay for UBER's insurance when we're adequately covered ourselves. I HAVE 1.3 / 1.5 million dollars worth of coverage with the 1mm umbrella insurance policy I have after 300/500K full coverage. We have 3 vehicles and a trailer. Insurance for all of that is about $241 a month. Say $170 or so is rideshare related. I can drive either car of the two car or van for rideshare. Inspections are written off as well. Car Washes, cleaning supplies, maintenance.
Been telling folks for at least a good year about this problem. People are running around yelling about commercial insurance because of how we drive, yet the average driver out here has NO PROTECTION AT ALL...and no one is talking about this. Good video. Mine drops in the morning, ironically! Glad people are having this discussion because I've been seeing so many drivers get into an accident and end up WORSE OFF even tho they were on the app when they wrecked. Folks think being "on the app" is secure and nothing to worry about...until they have a wreck. When I got hit in the Jeep, my attorney made sure EVERYTHING was handled, and I walked away with a little over $4k in my pocket after the Jeep and the medical PLUS attorney's fees were paid. My attorney is a BEAST!
How long did your dispute take, I know everyone is different. Even so will love to have an idea.
My personal insurance has the extra coverage I’m paying $50 a month so it’s worth getting the extra coverage don’t be cheap it will cost you in the long run if you don’t
They’ll take your money but will still not cover you in an accident. Have fun with any claim with Uber. They’ll also deactivate you until vehicle passes all inspections, hence you’re outta work.
@@timmy2310 you might depend on Uber I don’t I’m never with out a car I have multiple cars I’m in the process of setting up my private car service so honestly I don’t care if Uber deactivates me because unlike most drivers I have invested my money wisely including the Uber stock I bought at $20 a share and sold I have a passive income so screw the apps
Much less the massive deductible. However, your insurance will go after their's. IF you have the rideshare Ryder in place. My insurance charged their deductible and paid UBER's deductible, forcing them to pay 1st to their maximums.
@@chrisharris529 that’s exactly what I have but I’m in the process of getting legal to do private rides to get away from the apps
What if you already have the rideshare endorsement? Why should I pay Uber's insurance?
Our pay is dog shit. "We need a 1.25 mile per mile and 35 cent a minute pay after what Uber takes* In every city"
Uber is taking on average 60% !!! Up to 75% sometimes, it's crazy!!!
Im in upstate New York looking to become a Rideshare driver. I did the right thing and called my insurance company, progressive, and notified them of this. I was immediately made to acknowledge that doing Rideshare under my Progressive plan would results in the immediate cancellation of my personal auto insurance with them if caught. I was then told by Progressive that they would never cover me, because in new york, doing Rideshare is considered an unacceptable risk. I am having the damnedest time trying to find insurance that will allow me to do rideshare. As soon as I mention I'm trying to do it in New York, not New York City mind you, but upstate New York, all of a sudden nobody wants anything to do with it.
AAA has a ride share insurance 'add on' that will cover your car during periods one and two
I been paying in extra insurance while doing uber eats since 2021. Do I need to pay for this fee?
It's not the companies or the drivers faults... It's the insurance companies!!! If people were honest and truthful, we wouldn't need insurance companies ... And, if insurance companies did what they were supposed to, everyone can afford insurance, save money and make money... It's actually pretty simple but greed always wins in evils heart
The only people winning in car insurance are the insurance companies and the criminals without insurance 🤷
Honestly I support making the process to qualify to drive more tedious. Oversaturated markets would really benefit from making sure the people driving actually need the extra work.
Being on the road every day is dangerous and to make these people billions of dollars and they do not cover you properly, plus pay you poorly shows you are just a stupid mule to them
Good information! I was rear-ended and needed to hear this. Thx so much.
AAA does not have ride share. TRY Farmers.
Yea I’m a full time driver. If there was an option that Uber paid me what they charge riders for insurance because I have my own commercial policy I would absolutely do that. I’d realistically make a few hundred more a month and have actual coverage. I’d also be able to do private rides as an LLC.
wow great info thanks guys
Who can I contact in the state of Florida
Ok finally for those lost down the line. 🎉
See I live in Indiana that is why I was screwed
Whatever happened to the Uber app updates? No Android Auto or anything else for that matter.
Doesn't look like they cover shit so why the fck are we paying external fees.
Another channel showed scammers are targeting ride share to scam them out of money
Excellent informative video
I have full coverage plus rideshare endorsement... Sooo
Same 👍
Drivers are clueless they’re not properly covered. You need FULL coverage and rideshare policy on top of your existing insurance. Also $1mill if tapped, is equally divided among passenger. So if someone is paralyzed, you are screwed for life! That’s why immigrant drivers dip and leave the country.
Great 👍
Insurance rates are going up because Uber doesn't properly qualify the drivers who drive for them, nor the maintenance of those drivers vehicles.
100%
Was doing an Uber eats slipped on the customers icy stairs needed an operation on my knee. Uber told me once I stepped out of the car there was no insurance. Somehow I'm supposed to deliver food without getting out of my car I guess. Just something else to be aware of
Yep their insurance does nothing for you. Here in Florida they're required by law to provide PIP and they don't. Also, they're able to opt you out of the UM, which is also required by law yet they somehow snake themselves out of that one.
Funny how the person with insurance seems to always be screwed but the criminal wins 🤔🤨⁉️😕, yet, we're liable at law to have insurance to drive, yet, the uninsured criminal has zero liability 🤨🤔⁉️🤷 huh???
This is all great and really informative could you please Sergio wrap all this up with how anybody's going to afford to stay at the optimum level that we are being advised to
Seems Uber should be self insured, they have the money
They are going that way
We are charged insurance every trip
Ive been noticing that they are now sending a message saying they are looking to see if youre the best fit for a ride. Could that be they are trying to get somebody to do it cheaper? I heard uber doesnt cover unless a passenger is in the car so i also have regular full coverage and rideshare insurance through progressive
Great information! Would be great if this lawyer could show what insurance policy should be included in personal insurance so that all the rideshare driver’d be covered by insurance.
Also, any minor accident reported to Uber they'll automatically knock you off the platform
Wrong. I had 2 and was able to drive almost immediately after I submitted pictures that the car was fine.
@@anthonycimino9941 well I'm glad that was your experience. It hasn't been mine
How about Rental vehicles from Avis and Hertz Rental vehicles as well other Rentals vehicles what the insurance coverage from Rental vehicles from theses for those who Rental from this company's
Folks, insurance is about risk. Risk of accident. IF UBER and LYFT become more picky about their drivers, the rates will come down.
2-3 cents per mile? The more miles you drive, the more your insurance rates are on each ride. That's insane! Especially since we don't get paid the miles going to the passenger! Does anyone get an actual policy mailed to them?
I wonder if they underwrite their own commercial insurance or get a commission on insurance
They're starting
Wow ????? $2,500 Deductible 😨😨😨😨😡😡😡😡
Uber does take into account insurance into their budget and they do pay for that insurance from their own pockets/profit. They don't take anything away from the driver. I'm not sure why you guys keep saying this.
Other than that, thank you for the educational video, as always!
That's Ubers business model. They claim the fees are insurance cost but it really is a under the table profits for the company.
Do you honestly think that amount that is being charged during a ride to cover you for commercial insurance by Uber is the amount that they are paying per ride?? come on that's not what's happening at all it is 100% what's going on with what Sergio is eleduing to and as far as it being an amount that is coming out of your pocket and not Ubers is just common sense here the more they're not allowing to be made and that leaves more for them to collect which means that money is coming out of your pocket
I have screenshots where it's says commercial insurance bro ,that's why they keep saying it
Technically yes Uber pays for the insurance. They charge the rider, keep their profit, pay fees and insurance and hand us what’s left. Point is we could be getting paid more without costing Uber or the Pax anything if we simply had our own coverage. Just that one ride Sergio referenced covers a day of commercial coverage. I doubt any full time driver does only 40 miles a day. You’d actually make a few hundred more a month by having your own coverage if Uber was paying you what they’d normally charge Pax.
I have a $1 million dollar underinsured claim against Uber
wow
This episodes are waiste of time
Feel free to unsub, have a good one
God damit rideshare insurance it's so expensive but it does sound like i better get it or im going to be screwed
In Texas no um/UIM coverage
correct
I never add rideshare insurance. It's a scam. I don't even tell them I do rideshare. Im already broke doing rideshare
😅
Facts! It’s getting to be not a benefit but a liability.
I’m quitting soon!😮
@@janelljones4029 me too