Rideshare Insurance Calculator
Calculate the coverage gaps and supplemental insurance costs for Uber, Lyft, and other rideshare drivers.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Rideshare Endorsement (Monthly)
$30.00
≈ 6 cups of coffee
How to Use This Calculator
- Enter your Personal Auto Premium (annual) for your existing policy.
- Set Weekly Rideshare Hours and average Trips per Week to establish usage.
- Enter the Vehicle Value and your Personal Policy Deductible.
- Review the Rideshare Endorsement Monthly cost vs. the Full Commercial Policy alternative.
- Compare total annual costs to decide whether an endorsement or dedicated rideshare policy makes more financial sense.
How the result changes with Weekly Rideshare Hours
| Weekly Rideshare Hours | Rideshare Endorsement (Monthly) |
|---|---|
| 6.9 | $23.45 |
| 22 | $31.00 |
| 39 | $39.50 |
| 54 | $47.00 |
What each input means
- Personal Auto Premium (Annual)
- Your current personal auto insurance annual premium.
- Weekly Rideshare Hours
- Average hours per week you drive for rideshare services.
- Trips per Week
- Average number of completed rideshare trips per week.
- Vehicle Value
- Current market value of the vehicle used for rideshare.
- Personal Policy Deductible
- Your personal auto insurance deductible.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersPersonal Auto Premium (Annual) = 1800, Weekly Rideshare Hours = 20, Trips per Week = 25, Vehicle Value = 25000 = 5 input(s) provided
- Calculate Rideshare EndorsementRideshare Endorsement30 = $30
- Calculate Endorsement Annual CostEndorsement Annual Cost360 = $360
- Calculate Total AnnualTotal Annual2160 = $2,160
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