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Originally posted by: malibber2Quote
Originally posted by: billryan
Liability only.
If you have a car loan, you need collision. It's about $400 a year. Nothing if you do it full time, a burden if you do it part time.
I'd suggest he find a personal insurance company that is ride-share compatible knowing it is just collision they are on the hook for. Perhaps, find one that offers an endorsement. In my state moving to a commercial policy would be much more expensive. I had one for several years and on a perfect driving record, it was about 2k a year to insure an F-150 with 300k liability with $1000 deductibles on comp and collision. The last year I had the truck, I moved to Progressive because I found coverage there for $1,200 a year. Then I had to get commercial plates which were more expensive than regular passenger plates. Also, my car insurance company for my personal auto specified the Truck had to be owned by a business entity because if it were titled by me my personal auto would be on the hook for it even if it weren't listed on the personal policy. If you get forced into something like that, it would be very cost prohibitive for a part-time gig, but I suspect there are companies that specialize in this type of coverage.
