Uber is the newest ride sharing service that has hit the Niagara region and taken it by storm. Tons of people are learning about this new way to make extra money and joining as drivers.
Automobile insurance Brokers insurance companies alike, in Ontario are still learning about this rising industry, and the issues that arise when it comes to drivers and their insurance. As a result, it can be tricky when you’re trying to navigate insurance as an Uber driver.
With the right information, you can easily figure out if this is the right move for you. Read on to learn about the details before you make a decision.
Uber vs. Your Insurance
The taxi service industry has many flaws that customers are usually quick to complain about. Common complaints are that there aren’t enough cars available on a busy Friday or Saturday night, it’s too expensive, or sometimes service takes too long.
This is where Uber steps in. If you have extra time and the desire to make some extra cash, you’re probably tempted to join Uber as a driver.
The demand for ride sharing service is growing as it has proven to be more convenient than traditional taxis, while combatting the illegal taxi industry at the same time.
Talk to your hometown broker at Duliban Insurance Brokers before you dive into the industry. We’ll make sure you’ll be covered properly.
Here’s all the information you need to know before you get started.
What is Uber?
Uber is the newest revolution in transportation. It’s a ride sharing app that lets customers order a car and pay by credit card through the app.
Customers who are looking for a ride sign up for an account with Uber, and it connects them using a GPS to a local driver in their area. An interactive map feature shows the user exactly where the car is as it travels toward them, with a countdown time for when they can expect their ride to arrive.
The appeal of Uber to users is the personal element that it includes. They can text their driver, see pictures of them, and learn their name. They can also send a message to the driver as well as give them a review at the end.
At the end of the ride, Uber bills the customer’s credit card.
It began in 2009 as a car service in California, but expanded to a ride sharing service in 2013. Since it’s such a new concept and ride sharing in general is a new concept, it’s raised many concerns with city officials as to the legal issues surrounding the service.
Uber vs. Car Insurance
Most insurance companies in Ontario are staying far away from being involved with Uber drivers. The concern for these insurance companies pertains to the injuries that can occur resulting from an accident to any passenger within the vehicle.
In fact, the majority of insurance companies want absolutely nothing to do with it.
Over half of the Ontario Uber vehicles on the road currently are not insured properly. In addition, passengers might not be covered for any injuries or accidents that happen during the ride.
As a result, the legitimacy and legality of the company has been under scrutiny.
There are currently about 190 Uber drivers in the Niagara Region, and only about 98 of them have proper insurance. That means that only about half of the Uber drivers on the road are actually insured to drive customers for profit.
In April 2016, Niagara Regional Police arrested 20 Uber drivers for operating either without a license or without proper insurance.
Duliban Insurance Brokers – Your Best Choice for Uber Insurance
For Uber drivers, the world of insurance can be pretty tricky to figure out since your options are pretty limited. Each person is unique. It takes an expert like the brokers at Duliban Insurance to really recognize what’s best for you.
Some companies won’t insure any vehicles that are used for ride sharing services. Others are very skeptical about approaching the subject. So how do you know where to go when you need coverage?
At Duliban, we work with the best insurance companies. Our goal is to provide the right insurance for all of our clients and their lifestyles. Multiple insurance companies have created an Uber ride sharing insurance program, and we are proud to represent them. We would be pleased to have them compete over your business!
We know what’s best for our clients and will always make sure they get the best insurance premiums and the best coverage for what they do.
If you want to be an Uber driver, you should be! Let us help you sign up with the right company so you can stay safe while you get your customers home safe.
Get Your Insurance From Your Hometown Broker
At Duliban Insurance Brokers, we live to provide you with better service, better coverage and less premiums. We are your hometown broker who will treat you like our family. You can always find us participating in community events and local activities
Duliban Insurance Brokers represent the top 20 insurance companies and love having them compete over your business! We have all the information and knowledge you need for obtaining ride sharing insurance. If you’re thinking about becoming an Uber driver, let us help you get everything on track for you to start making money!
Contact us today at 1-800-DULIBAN to get a quote or start a claim online today.
