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How Uber and Lyft Drivers Can Save On Livery Insurance

How Uber and Lyft Drivers Can Save On Livery Insurance

In my last post, I talked about how Uber and Lyft drivers can utilize livery insurance to earn more money and be more independent from Uber or Lyft. Drivers with livery insurance gets to keep the safe rides fee and they can drive their own clients outside of Uber’s and Lyft’s app, which means they get to keep the commission. However, livery insurance is often very costly and doesn’t make sense for most part time drivers. I took a Uber ride in Brooklyn a few weeks ago and I talked to him about how often he drives for Uber. He says he typically drives it only 20-30 hours a week and that is enough to cover his $500 monthly car fee and his insurance of $500 a month. The car fee was a bit high but his insurance was cheap, considering the fares in NYC. Because it is so high, the below points talk about how to save money on livery insurance.

Here are a few ways to save money on commercial livery insurance:

 

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