Uber Insurance – Why You Need It
Driving an Uber is pretty much your office on wheels and just like offices/shops and other businesses, it is either legally required or highly recommend to have insurance to cover you against the risks of running your business. In the case of private hire insurance, it is a legal requirement and you will not be able to work as an Uber driver without having the correct insurance in place.
Although the Toyota Prius is the most popular choice for Uber Drivers, any car can be used as an Uber. The launch of this taxi app has pretty much turned the taxi industry on its head. If you have an Uber enabled car, or if you have your vehicle registered with Uber, you will need more than just ordinary car insurance. What you need is a policy for taxi insurance, an ‘Uber insurance’, if you will.
Why Compare Uber Insurance Quotes?
While a car insurance policy is mandatory for vehicles, it is not sufficient for private hire drivers. One key reason for this is because your car will be spending a lot more time on the road and therefore your cover needs to reflect this, as well as the fact that you will be driving paying members of the public.
As the owner of the car, it is on you to know exactly what you need in terms of insurance. The extent of cover should be sufficient to keep you on your feet even when you face some kind of repair and are off the road for a day or two. It is doubly important when your Uber acts as your primary source of income.
Here are a few things that your Uber insurance should effectively cover:
Commercial vehicles like taxi cabs are required to have some level of liability cover. If you are involved in a traffic collision where you are at fault, then you will need insurance to cover your financial losses. In such cases you will be required to make pay-outs for injury and other damages to other vehicles that your car might damaged. Commercial vehicle liability can also cover any defense fees that may arise in case the injured party decides to file a law suit against you.
Bodily injury that you may have caused will also be covered with the liability clause in your Uber insurance. Medical bills and related expenses for all those involved in the accident is secured herewith.
Property damage is another part of your insurance that will need to be covered. There may also be physical damages that others things might get; that includes vehicles, property, and other assets that may need repairs or replacement.
Protect yourself with Uber insurance
You may also suffer some form of bodily injury that you will have to pay for. If the other party involved in the accident is at fault, but are not covered or under-insured, then your Uber insurance will have to cover you, so use our taxi insurance comparison tool to get to know more about these options.
Physical damage to your vehicle can put you out of business for a short while, and you will be spending a good amount of money getting your car back on the road. Physical damage protection is important as you need to be making car payments every month if your vehicle is on a loan, with your Uber off the road for a few days or even a week, you need some kind of backup money to keep your car both in the shed and paid off for.
Other physical damages that a car can take may involve vandalism, theft, fire, or any such incidents carried out intentionally. Other things like storm damages, where a tree, for example may fall on your car, you might want that covered as well. Comprehensive coverage should be able to keep you afloat, so when getting a policy, always go through every clause and make sure you are covered. It makes sense to always compare between a number of policies from different companies before finally signing.
Collision damage is also another type of protection that is required. Collision damage is when there is damage only to your cab. It does not involve any other person or assets and vehicles. Think of it like you scratching your car against a telephone pole or ramming a tree. Your car will get damaged, but there are no third party damages in this case.
Am I not already insured through Uber’s Partner Protection?
Uber offers partner protection to every driver however this is specifically to cover certain life changing events whilst “on-trip” and “off-trip”. This does not provide you with the cover you a re legally required to have a taxi driver.
How much does Uber Insurance Cost?
The cost of Uber insurance varies depending on your circumstances, experiences, no claims bonus, age, vehicle and more. The best way to get an accurate cost is to fill in the form above to get a quote, giving you an accurate answer to your question.
Who can find insurance with you?
We offer Uber insurance to all people in the UK. So if you are considering becoming a driver and would like a quote or if you have already made the decision and you are operating in the UK then get a quote now and let us find you the best price.
Is it possible to get a discount on Uber insurance?
The cost of your insurance will be based on your age, experience, vehicle type and more. So even though it is not technically a discount, you may find it useful to get a quote with a variety of different excess levels as that help you get cheaper insurance.
Are you an Uber partner for insurance?
We are an independent comparison site, which means we do not partner with individual companies. Using our site gives you access to compare a number of brokers that cater for Uber drivers.
I drive an Uber in London, can I get insurance?
Yes of course! With 30,000 Uber drivers in London we help many of you find insurance each week.