Car Insurance for Uber Drivers

Uber is great for job flexibility. If you want to join the ride-share industry as an Uber driver, here are a few car insurance tips you may need to follow.

Uber Drivers: What You Need to Know About Car Insurance

Uber continues to attract individuals who like flexible work and customers who rely on their services. As in many other countries worldwide, Uber has expanded into a necessary service, especially in urban areas. 

Almost 4 million riders regularly use Uber services from over 60,000 drivers. Ample room still exists in the market for both more drivers and regular customers. The annual impact on the economy reached nearly $290 million last year with an average of 130 per cent growth for the past five. 

Statistics show that Uber use in other countries has correlated to significant drops in drink driving arrests, injuries, and fatalities. Studies suggest that if the same dynamic occurred in Australia, the 19.3 per cent road fatality rate in a state like New South Wales could drop by between 3.6 and 5 per cent. 

Uber use also tends to spike in the late evenings when bars and clubs close, one of the most hazardous times to drive. This alone provides impetus to get the best possible insurance coverage. 

Almost 30 different companies offer some form of specific ride-share insurance.

If you want to join the industry, here are a few car insurance-related tips you may need to follow.

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Uber Australia Requirements for Car Insurance

Uber has a series of requirements that drivers must meet to drive and earn money for them.

These include the following:

  • Compulsory third-party insurance, also known as CTP
  • 2006 vehicle or newer
  • Up to date vehicle registration
  • Valid state or territorial inspection, where appropriate

CTP coverage makes sure that riders and their families, if necessary, receive compensation if they are injured or killed in an accident.

UbiCar can provide comprehensive car insurance for Uber drivers and others working in the ride-share industry.

All states except New South Wales require that ride-share drivers obtain suitable car insurance along with their registration. In New South Wales, CTP insurance must be purchased separately from the registration.

States all have their own criteria for inspections and other issues that need addressing before legal registration of your vehicle. 

CTP cannot replace the need for comprehensive insurance that covers the vehicle in case of damage or theft. If you borrowed money to pay for the car, you likely must carry some form of this insurance until you pay it off.  

Under-insurance status will prevent you from legally working for Uber.

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Uber Australia’s Accident Coverage

Passengers get double protection when they ride with an Uber driver. Alongside the mandatory CTP insurance, Uber also has a $20 million liability contingency policy. Those injured in an Uber would need to personally report the incident to both law enforcement and to Uber to ensure addressing of the claim.

Ask your insurance agent about the benefits of comprehensive car insurance that will allow you to drive for Uber that you will require to drive for Uber in your state or territory.  We can also help you to find the cheapest car insurance needed to get you on the road.

What UbiCar customers say

Savings and benefits users now enjoy since switching to UbiCar*
Luana testimonial

"My massive monthly savings
are fantastic for my family"

Luana - New South Wales
Jillian testimonial

“UbiCar has motivated me to be a better,
safer and more considerate driver."

Jillian - South Australia
Luke testimonial

“UbiCar doesn’t stereotype like other
insurance companies.“

Luke - New South Wales

*Savings are factual and based on comparison between the customer’s current Comprehensive Car Insurance policy with UbiCar as of December 2018 and their policy with their previous insurer. Premiums and savings may differ depending on individual circumstance.

Reach Out Today

Learn more about what UbiCar can do for you as an Uber driver. UbiCar believes that if you have great driving habits, you should always pay less. 

Ask about cheap Uber insurance and other forms of comprehensive ride-share insurance today.

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