Uber drivers in Ontario are required to have insurance coverage that meets specific requirements set by the province. This coverage includes both commercial and personal auto insurance. Commercial coverage is required for when the driver is using the Uber app to accept or transport passengers. Personal auto insurance is required for when the driver is not using the Uber app. In Ontario, Uber has partnered with multiple insurance companies to provide coverage for its drivers. These companies include Intact Insurance, Wawanesa Insurance, and Belairdirect. Drivers can choose to purchase insurance through one of these companies or through a broker. The cost of insurance will vary depending on factors such as the driver’s driving history, the type of vehicle they drive, and the amount of coverage they choose.
Uber Insurance Coverage Options
If you’re driving for Uber in Ontario, it’s important to have the right insurance coverage. Here’s a look at the different coverage options available to you:
1. UberX and UberXL
- Commercial Auto Insurance: This type of insurance covers you while you’re driving for Uber. It provides liability coverage, as well as coverage for damages to your vehicle.
2. Uber Eats
- Commercial Auto Insurance: This type of insurance covers you while you’re delivering food for Uber Eats. It provides liability coverage, as well as coverage for damages to your vehicle.
3. Uber Black and UberSUV
- Commercial Auto Insurance: This type of insurance covers you while you’re driving for Uber Black or UberSUV. It provides liability coverage, as well as coverage for damages to your vehicle.
4. Uber Green
- Commercial Auto Insurance: This type of insurance covers you while you’re driving for Uber Green. It provides liability coverage, as well as coverage for damages to your vehicle.
- Personal Auto Insurance: If you have personal auto insurance, it may cover you while you’re driving for Uber Green. However, it’s important to check with your insurance provider to make sure.
Table: Uber Insurance Coverage Comparison
| Coverage Type | UberX and UberXL | Uber Eats | Uber Black and UberSUV | Uber Green |
|---|---|---|---|---|
| Commercial Auto Insurance | Yes | Yes | Yes | No |
| Personal Auto Insurance | No | No | No | Maybe |
Third-Party Liability for Uber Rideshare
In Ontario, Uber drivers are required to carry third-party liability insurance, which covers damages and injuries caused to others in the event of an accident. This insurance is provided by Uber’s insurance partner, Intact Insurance Company.
The third-party liability coverage provided by Intact includes:
- Bodily injury liability coverage for passengers and other third parties
- Property damage liability coverage for vehicles and other property
The limits of third-party liability coverage for Uber rideshare in Ontario are as follows:
| Coverage Type | Limit |
|---|---|
| Bodily injury liability | $1 million per accident |
| Property damage liability | $200,000 per accident |
It’s important to note that Uber’s insurance does not cover the driver’s own injuries or damages to their vehicle. Drivers are responsible for carrying their own personal auto insurance to cover these expenses.
Commercial Auto Insurance for Uber Drivers
Uber drivers are required to have commercial auto insurance in Ontario. This type of insurance provides coverage for drivers who use their vehicles for business purposes. It is important to note that personal auto insurance policies do not cover commercial use, so it is essential for Uber drivers to obtain the proper coverage.
Benefits of Commercial Auto Insurance for Uber Drivers
- Provides coverage for accidents that occur while driving for Uber
- Protects drivers from financial liability in the event of an accident
- Helps drivers meet the insurance requirements set by Uber
Obtaining Commercial Auto Insurance for Uber Drivers
Uber drivers can obtain commercial auto insurance from a variety of insurance companies. It is important to compare quotes from multiple insurers to find the best coverage at the most affordable price.
| Insurance Company | Coverage Options | Cost |
|---|---|---|
| Company A |
|
$1,000 per year |
| Company B |
|
$1,200 per year |
| Company C |
|
$1,500 per year |
When comparing quotes, it is important to consider the following factors:
- The amount of coverage you need
- Your driving history
- The type of vehicle you drive
- The amount of deductible you are willing to pay
By taking the time to compare quotes, you can find the best commercial auto insurance coverage for your needs at an affordable price.
Differences Between Personal and Commercial Insurance
While personal auto insurance covers you while using your vehicle for personal purposes, commercial auto insurance is required when you use your vehicle for business purposes, such as driving for Uber or Lyft.
Here are the key differences between personal and commercial auto insurance:
- Coverage: Commercial auto insurance provides broader coverage than personal auto insurance, including coverage for liability claims arising from the transportation of passengers or goods.
- Limits of liability: Commercial auto insurance policies typically have higher limits of liability than personal auto insurance policies, which can help protect you in the event of a serious accident.
- Cost: Commercial auto insurance is typically more expensive than personal auto insurance, due to the higher risks involved in business use.
It’s important to note that if you’re using your vehicle for both personal and business purposes, you may need both personal and commercial auto insurance.
| Insurance Type | Coverage | Limits of Liability | Cost |
|---|---|---|---|
| Personal Auto Insurance | Personal use of vehicle | Lower | Less expensive |
| Commercial Auto Insurance | Business use of vehicle | Higher | More expensive |
Well, folks, that’s all there is to it! I hope you found this article helpful in understanding which insurance company covers Uber in Ontario. If you have any further questions or need additional information, don’t hesitate to reach out to the experts. And while you’re here, be sure to check out our other articles on all things insurance. Thanks for reading! We’ll catch you next time.