Everything you need to know about ride sharing.
Take advantage of this increasingly popular stream of income, with the right policy in place to protect you, your passengers, and your vehicle.
Go further with the right coverage.
Discover specialized ride-sharing insurance options in Ontario, expertly tailored by our insurance brokers to meet the unique needs of drivers in the gig economy. With our personalized coverage, you can enjoy peace of mind while navigating the roads as a ride-sharing driver.
Will I be covered?
Did you know that ride sharing will affect your insurance?
Your personal auto insurance will be impacted with any ride sharing activities, making it essential that you inform your insurer about these activities as soon as possible. Traditional auto insurance policies for personal use are unlikely to cover the breadth of accidents which might occur while ride sharing, making additional coverage often necessary.
Coverages
Get to know what’s covered with your auto insurance in Ontario.
Personal Auto Insurance
This is required for all drivers in Ontario, and covers personal use of your vehicle (such as commuting or driving.
Ride Sharing Insurance
This represents additional coverage that bridges the gap between personal use and commercial use of your vehicle while driving for ride-sharing programs. It also ensures that you have coverage during the periods when you are logged onto the ride-sharing app but haven’t yet accepted a ride request.
What is included
Driving for Uber or Lyft? Here's what you can count on.
With this coverage, keep in mind that the extent of coverage can vary depending on the specific driving situation:
Period 1: When you’re logged into the app but haven’t accepted a ride request, both companies typically provide third-party liability coverage.
Period 2: Once you accept a ride request, Uber and Lyft typically offer higher liability coverage and contingent collision and comprehensive coverage for your vehicle.
Period 3: While you have a passenger in the car, the companies generally provide the highest coverage levels, including coverage for your vehicle.
Optional & Special Coverages
Drivers can consider these optional coverages to enhance their protection
Increased Liability Limits
Raises the liability coverage limits for added protection.
Rental Car Coverage
Provides reimbursement for rental cars while your vehicle is being repaired after an accident.
Accident Forgiveness
Protects against premium increases after an at-fault accident.
Ride-Sharing Endorsements
Additional coverage to address the unique risks associated with ride-sharing.
Ride-Sharing Gap Coverage
Covers you during the period between accepting a ride request and picking up the passenger.
Frequently asked questions
Our team answers your most-asked questions regarding this popular trend.
Yes, you typically need specialized ride-sharing insurance to ensure you’re adequately covered during ride-sharing activities.
Generally, personal auto insurance policies do not cover ride-sharing activities, so additional coverage is necessary.
Report the accident to the ride-sharing company, and follow their procedures. Inform your insurer as well to ensure a smooth claims process.
Some insurers may allow coverage for multiple ride-sharing platforms, but it’s essential to confirm this with your insurer.
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