07 Sep 2016

Ridesharing Drivers Need Different Insurance

The current landscape for Uber and other ridesharing companies is in the midst of rapid change. The field became so popular, so quickly, that legislation hasn’t really had the chance to adapt as of yet. This is something which happens across all new and quickly evolving industries, of course.

However, new laws are being put in place in several different locations, with others surely to follow suit in the near future. It’s important to understand what’s taking place, and how it affects Uber drivers and their need for insurance.

As of now, Uber drivers are left with only contingent coverage when they are driving on the way to pick up a passenger but do not have the passenger in the vehicle. This puts them in a precarious position, and many don’t understand that their personal auto policies won’t cover this, and may in fact actually void their policy for it. At the same time, Uber’s contingent coverage may not kick in.

Therefore, ridesharing drivers need gap or hybrid insurance policies to fill in the blanks between when they’re operating their car for personal usage and when they’re operating in a commercial fashion.

California was the first state to pass legislation which mandates that drivers obtain their own commercial insurance policies, designed to fit that unique need. California also created a new industry classification for Uber and ridesharing drivers and companies, TNCs, or Transportation Network Companies. Colorado has its own TNC legislation as well.

In the state of Florida, legislation is being passed on a local level. Palm Beach Country just reached a temporary agreement to allow for the continued operation of Uber and other ridesharing companies, with a permanent agreement on the way which would also likely have an insurance mandate. Similar fights are happening across the rest of the country as well, from the Washington, D.C. metro area, to Portland, Oregon, and assuredly many stops in between.

The most important thing is to make sure you’re fully educated and informed about what’s happening. Misrepresenting to your personal auto insurance company what you do, or lying and saying you don’t rideshare, is not only illegal in most cases but could also leave you at serious risk in the event of a major accident.

Speak to an insurance expert in your local area who is aware of the current and upcoming legislation affecting your city, county and state. He or she should be able to get you moving in the right direction, and find you the right type of insurance for Uber drivers and other ridesharing providers.

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06 Sep 2016

Automotive Tips for Going Green

Drive Less

Vehicles are imperative assets in our lives. They get us to work, school, and more when the time calls. But there are several opportunities to forgo driving, and choose to walk or ride a bike instead. You can even choose to carpool with coworkers or friends to drive less. If you do this at least once per week, you are making a positive impact on the environment.

Keep Your Car as Long as Possible

It’s tempting to trade in your vehicle for a newer model, or buy a new ride after a great job promotion, but keeping your current vehicle for as long as you can is actually the more eco-friendly practice. Having less cars means less toxic emissions and so forth. Keep your inventory of vehicles as low as possible, for as long as you can. read more

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15 Aug 2016

Benefits of Owning a Hybrid Vehicle

Most people have specific reasons for owning a hybrid vehicle. Whether it is to follow a trend, go green, or find some relief at the gas pump, hybrid owners enjoy a multitude of benefits once they get through the initial investment. The cost of a hybrid vehicle today is much more competitively priced with regular vehicles. While they may be a little more, the prices have certainly come down over the past few years. With this being said, the cost of the vehicle itself is justified by most hybrid owners. There have also been others automotive manufacturers following in the footsteps of the Toyota Prius, adding choice to the hybrid vehicle market. Most manufacturers have at least one model available in a hybrid and the technology has come a long way. Consumer Reports state, however, that the Toyota Prius and the Honda Civic Hybrid still account for over 50% of hybrid vehicle sold in this country. Some of the higher end luxury manufacturers have introduced hybrid models which are still high in price but come with advanced technology and unique features.

Financial savings is one of the most popular reasons a driver purchases a hybrid vehicle. Because they are so much more fuel efficient, with some getting up to 50mpg in fuel economy, annual fuel costs add up to hundreds of dollars in savings. Over a few years, this can make back money from the initial investment that could have been slightly more money than regular vehicles of the same model or family. When gas prices spiked dramatically several years ago, even more savings were seen at the gas pump and many hybrid owners were thrilled that their investment had paid off sooner than planned. Hybrid owners can also save money on car insurance. A lot of insurance companies offer instant discounts and lowered premiums simply for owning a hybrid vehicle. Some of these insurance companies have added hybrid vehicle divisions to work specifically with owners who drive green. read more

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08 Aug 2016

Insurance With LYFT and Uber

Many people assume that they are insured by Lyft and Uber, or that their personal car insurance will cover them in the event of an accident while they are driving. In reality, the insurance provided by rideshare companies like Lyft and Uber is not what it seems, and the lack of information provided about this coverage leaves many drivers in the dark.

While you are driving with either of these companies, the coverage is dependent on a couple of variables. Basically, your status is broken up into three separate categories, which we will refer to as period 1, period 2 and period 3.

Period 1: You are driving around with the Uber or Lyft app open, but have not yet been matched with a passenger. During this period you have contingent liability coverage with Uber and Lyft. Contingent liability coverage means that if you are in a collision, you will first have to make a claim with your personal insurance provider, and only if that claim is denied will the insurance from Uber and Lyft kick in. When it does kick in, it is only liability insurance, you will not be given collision or comprehensive coverage. The limits of this of contingent coverage are 50/100/25, which will not be enough to cover you for a bad accident.

This is problematic because driving for a rideshare company is considered a commercial activity, and no personal insurance policy will cover you for this type of activity. Personal insurance policies will deny most claims placed during period 1, and lately they have been investigating many of these claims. Furthermore, they are likely to cancel your insurance policy after such a claim is made. This leaves drivers in a vulnerable position, as Lyft and Uber cover liabilities to the extent of their policy limits, but all vehicle repairs would come out of the pocket of the driver.

Period 2: When you have been matched with a rider and are on your way to pick them up. During this period you are covered by the $1 million liability policy that is offered by Lyft and Uber. There is also a contingent collision and comprehensive policy offered by Uber and Lyft during this period, but the process for filing under this coverage remains the same. You have to first file the claim with your own insurer, which could result in policy cancellation, and only then will Uber and Lyft step up. There is also a deductible under collision and comprehensive policies for both of these companies. For Uber you must pay a $1000 deductible, and for Lyft you must pay a $2500 deductible.

Period 3: When you have picked up the passenger, the entire period of time that the passenger is in the car until drop off. Coverage provided by Lyft and Uber is identicle to their coverage under period 2.

You should never drive for Lyft or Uber without your own personal coverage, as their policy is contingent upon you having this coverage. There are some insurance companies offering a rideshare insurance policy for drivers. Policies differ from state to state, but are not much more expensive than your average policy. Such a policy is strongly recommended for anyone looking to mitigate the risks of driving with Lyft and Uber.

 

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08 Aug 2016

Cheaper Insurance In Arizona Because of RideSharing

Nothing in your car insurance policy in Phoenix, AZ is going to jump out at you and tell you how to make those premiums go down. But something that does jump out at you are those fluorescent flyers you’ve probably seen at your job-Rideshare Wanted. Have you ever considered replying to one of those flyers? It may seem like an inconvenience to ride with someone else to work. After all, everyone knows that getting a little me time in the car is one of the pleasures of driving-listening to your own music, having time to think, sipping your coffee and trying to wake up for work. Would you be willing to give a little bit of that up, though, if you knew it could save you a considerable amount of money on gas, car insurance, and car repairs?

With gas prices so unpredictable in Phoenix, AZ, many people are finding that rideshare can save them cash because of using less gas. It also saves wear and tear on your car, allowing you to avoid doing costly repairs and maintenance on your vehicle so often. In the meantime, rideshare can offer you the chance for valuable networking with coworkers. At a time when jobs are scarce, the more contacts you make within your organization now the better off you can be later on. What if something happens and your car needs to be in the shop? Now you already know someone who can give you a ride, someone you are familiar enough with to ask at the last minute. What if you’re sick one day but need to get something to the office? Now your new friend could help you out.

In Phoenix, Arizona many people choose to live in quiet, newer housing developments that are located in the beautiful desert areas on the outer edges of town. This is completely understandable given the current housing market, where houses in these outlying areas have become even more affordable than ever and a family can truly live in luxury at a low price. However, the drive to work from so far away can cause stress on both your mind and your pocketbook. Even if you don’t live extremely far away from work, traffic during rush hour can still cause a person to waste gas and put “city miles” on the car-lots of stop and go, causing unnecessary wear and tear.

Did you know that in addition to all the above reasons people in Phoenix, Arizona are trying to share rides to work, you can also save money on your car insurance? Less miles driven per year often means lower rates. Check it out for yourself by getting a quote, and find out how you can save. Next time you are at work, why not create your own flyer. Instead of typing the words, “Rideshare Needed”, why not try “Who wants to save some money with me?”

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08 Aug 2016

Commuting and Traveling With RideShare

One of the energy saving resources we have as well as one of the oldest systems that has proven to provide various benefits to mankind is Rideshare in other terms carpooling. This is where at least three people share one form of vehicle to go to a certain destination. Either if one uses his or her car, a van, a bus or even a train, this is definitely one of the best alternatives in saving money in terms of transportation.

Those who are more often commuting on a daily basis especially those who are working far would definitely find this a good option. Instead of going to work using their own vehicle, one can save fuel and expense if he or she will be riding with someone who will be going to the same destination as quick as possible and which is more comfortable for the one who owns the car and the passengers as well.

Another advantage of carpooling includes the reduction of too many vehicles present in the road. This will help us all avoid possible traffic congestion and will also allow us all to travel with ease and always be on time. This time around, there will be no excuses with regards to getting stuck in traffic. read more

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05 Aug 2016

LYFT Driver Network

Not so long ago in the past and to be more specific, it has been just 4 years since the announcement of LYFT as a large competitor for Uber. Today the company has grown in size and popularity and is definitely making waves in terms of pricing along with coverage. This company was first thought of as a fly by night company to be hauled away in the next big growth of Uber. However, this has been a far thought for LYFT. This company has been silently building itself and engulfing its efforts in technology. Their most recently talked about innovation to be brought online will be a Driverless Car Network. read more

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05 Aug 2016

Hybrid Car Models

There are presently many hybrid car models in the market. The hybrid car technology has become very popular that almost all car makers would like to ride the trend. Other manufacturers that cannot produce their own technology are buying technology from big companies that are ahead in the development of hybrid cars. Some companies are having a tie up with other companies so that they will come up with good models that they could use together.

Honda’s First Hybrid Car Models

Honda first released Insight in the year 1999. They were the first car maker to offer hybrid electric car in the USA. This model has gained a little popularity in the first five years that it was on the market. It was designed to be very fuel efficient so it was built with a lightweight aluminum chassis. It was a two-seater vehicle. Honda Insight Hybrid was an environment friendly model. Aside from being fuel efficient, it was made to produce very low emission. There was an earlier version of this model that was released in Japan and Los Angeles in 1997. read more

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04 Aug 2016

Making Money With Uber

f you are thinking about joining Uber as a driver then the most important thing you’ll have to consider is how much you could possibly earn. The taxi service that uses crowd-sourced drivers with their own cars is very popular with users but it occasionally gets into trouble with governments as well as taxi associations.

Uber claims that its drivers are able to make a very good living, but responses from actual drivers have been mixed. Even so, it’s a good idea to consider becoming a driver for Uber if you have a car and time to spare. Do consider the following factors first:

• There is great potential to earn money here, and you will earn more if you take more customers. Whether you choose to drive part time or full time is up to you and your money requirements. You do have to contribute towards social security and taxes and since you are self-employed you’ll have to do this on your own. read more

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02 Aug 2016

Using Lyft for Airport Rides

The rules for driving Lyft to and from the airport vary across different airports. It is important to know the regulations for your local airport, as Lyft will not reimburse drivers for any citations that occur there. The issue of airport dropoffs and pickups is one that is still being debated and fought over by lawmakers and regulators in many regions. This is sort of the last stronghold for big cab companies who have lost share in their regions to Lyft and Uber. In my opinion, regulators should allow for fair competition between cab companies and rideshare companies, because ultimately this approach encourages innovation and appropriate price discovery. read more

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