Thinking of Using your Car to Make Money?

Before you put your personal car to work for you, you need to know if your current insurance policy will cover what you are doing with your car.

Money Car Post

Do I have coverage while driving for Uber, Lyft or Sidecar?

If you have a Massachusetts personal auto policy, there is NO coverage for anyone injured while occupying your car while it’s being used as a public or livery conveyance. In addition, the policy will not pay for Property Damage, and coverage under all optional insurance parts – like Optional Bodily Injury, Medical Payments, Collision, Comprehensive and Underinsured Auto Bodily Injury – is excluded. If driving for a TNC is your “job”, you are not eligible for a personal auto policy at all. The only policy which will coverage you as a TNC driver is a Taxi/Limo/Car Service policy. As you can imagine, the cost of this type of commercial auto policy is substantially more than your personal auto policy.

Do I have coverage if I enroll in a service like FlightCar, RelayRides or GetAround that will “loan” (rent) my car to others who travel to Boston?

Your policy would not cover a loss if your vehicle is being rented out since a vehicle rented to others does not qualify for a personal auto policy. A business auto policy (again, at a higher cost) would be needed.

Do I have coverage if I rent a car through Zipcar?

If a ZipCar member has a personal auto policy, the policy would follow the member when renting a personal automobile with permission of the owner as long as the member is not regularly using the same car. If the ZipCar member will use the same car often, the “Use of Other Auto” endorsement could be added to your policy to cover the exposure. We should caution you that coverage under the personal auto policy is not worldwide and would be limited to accidents occurring in the United States, its territories and possessions, Puerto Rico, and Canada.