Which Insurance Company Covers Uber In Ontario? (2024)

As an Uber driver in Ontario, it is important to have the right insurance coverage to protect yourself and your passengers. But with so many insurance companies out there, it can be overwhelming to determine which one covers Uber.

Luckily, there are insurance companies that offer coverage specifically tailored for Uber drivers in Ontario. In this article, we will discuss the various options available to help you make an informed decision about which insurance company to choose.

Read on to learn more about ridesharing insurance requirements in Ontario, Uber’s insurance coverage, and the insurance company options for Uber drivers in Ontario. By the end of this article, you will have a clear understanding of which insurance company covers Uber in Ontario, the cost of Uber Insurance, and the options available to you as an Uber driver.

Which Insurance Company Covers Uber In Ontario?

Several insurance companies in Ontario provide insurance coverage for Uber and rideshare drivers. Here are some insurance companies that were known to offer coverage for Uber drivers in Ontario:

Intact Insurance: Intact has a ridesharing insurance policy called “Ride-share Endorsement” that is designed for Uber and Lyft drivers.
Aviva Canada: Aviva offers coverage for rideshare drivers through their “Ride-Share Endorsement” policy.
Economical Insurance: Economical provides coverage for rideshare drivers through their “Family Protection Endorsement.”
Northbridge Insurance: Northbridge offers insurance solutions for Uber drivers through their “Transportation Network Company (TNC) Endorsement.”
Desjardins Insurance: Desjardins provides coverage for rideshare drivers in Ontario through their “Ride-Sharing Insurance” policy.
Wawanesa Insurance: Wawanesa offers rideshare insurance coverage for Uber drivers in Ontario.
The Co-operators: The Co-operators has a “Ride Sharing Coverage” policy designed for Uber and Lyft drivers.
RSA Insurance: RSA provides insurance solutions for rideshare drivers through their “Ride-Share Endorsement.”
Allstate Canada: Allstate has coverage options for Uber drivers, including their “Ride for Hire” endorsement.

Understanding Ridesharing Insurance Requirements in Ontario

If you’re driving for a ridesharing company like Uber in Ontario, it’s important to understand the insurance requirements that apply to you. The province’s regulatory framework mandates that all rideshare drivers have adequate insurance coverage to safeguard themselves and their passengers.

When comparing insurance options for Uber drivers in Ontario, it’s essential to assess the extent of coverage, pricing, add-on benefits, and customer service provided by each option. With the right insurance coverage, you can safeguard your passengers and yourself while on the road. Take the time to review your options carefully and make an informed decision that fits your budget and needs as an Uber driver in Ontario.

What are the Ridesharing Insurance Requirements in Ontario?

Ontario’s ridesharing insurance regulations require drivers to have automobile insurance policies that explicitly cover ridesharing activities. This means that drivers must have insurance policies that provide coverage for liabilities and damages that may arise while they are transporting passengers for a ridesharing service.

The specific requirements for ridesharing insurance coverage in Ontario were introduced in 2016. The regulations mandate that drivers working for a Transportation Network Company (TNC) like Uber must have at least $1 million in third-party liability coverage during the period between accepting a ride request and dropping off the passenger.

The TNC or the driver’s insurer can provide this coverage, but it must explicitly cover ridesharing activities and must not exclude commercial use. Failure to have adequate insurance coverage can result in fines, license suspension, and disqualification from operating a ridesharing vehicle in Ontario.

What Types of Coverage are Available?

To meet the insurance requirements for ridesharing, drivers may need to purchase additional coverage beyond their standard car insurance policy. In Ontario, some insurers offer specialized ridesharing coverage options, while others may provide commercial auto insurance policies that cover ridesharing activities.

Ridesharing coverage options may include:

Third-party liability coverage – provides protection against claims made by third parties, including passengers, other drivers, and pedestrians.
Accident benefits coverage – covers medical costs, lost income, and other expenses resulting from a ridesharing accident.
Collision and comprehensive coverage – protects against damage to the driver’s vehicle in the event of an accident or other incidents like theft or vandalism.

It’s important to note that standard personal car insurance policies typically do not provide coverage for ridesharing activities. Drivers must ensure that they have adequate insurance coverage that meets the specific regulations set by the Ontario government.

Uber’s Insurance Coverage in Ontario

As a rideshare driver in Ontario, it’s crucial that you understand the insurance coverage provided by Uber. The company has a comprehensive insurance policy that covers its drivers while they are on the job.

Uber’s insurance coverage in Ontario includes up to $2 million in third-party liability, which covers damages or injuries to other parties involved in an accident. The policy also includes up to $2 million in accident benefits, which provides coverage for medical expenses and income replacement for the driver and any passengers in the car.

It’s important to note that Uber’s insurance coverage only applies while the driver is actively using the app and transporting passengers. If you are driving for Uber but not currently transporting a passenger, you will need to rely on your personal auto insurance policy for coverage.

Additionally, Uber’s insurance policy does not cover any damage to your vehicle. If you want coverage for your own vehicle, you will need to purchase additional collision and comprehensive coverage from a private insurance company.

Understanding Uninsured and Underinsured Motorist Coverage

Uber’s insurance policy also includes uninsured and underinsured motorist coverage, which provides protection in the event that you are involved in an accident with a driver who does not have insurance or does not have enough insurance to cover the damages.

This coverage is important because Ontario has a high number of drivers who are uninsured or underinsured. Without this coverage, you could be left with significant expenses if you are involved in an accident with one of these drivers.

Overall, Uber’s insurance coverage in Ontario provides important protection for rideshare drivers. However, it’s important to understand the limitations and exclusions of the policy and to consider purchasing additional coverage from a private insurance company to protect your own vehicle.

Insurance Company Options for Uber Drivers in Ontario

If you’re an Uber driver in Ontario, it’s important to have the right insurance coverage in place. While Uber provides its own insurance coverage, it may not always be sufficient. That’s why many insurance companies offer policies specifically tailored to rideshare drivers. Here are some insurance company options to consider:

Allstate

Allstate offers rideshare insurance coverage designed specifically for Uber drivers in Ontario. The policy provides coverage for all stages of the Uber trip, including when you’re waiting for a ride request, on your way to pick up a passenger, and with a passenger in the car. This coverage is in addition to the insurance provided by Uber itself. Allstate also offers additional features, such as accident forgiveness and disappearing deductibles.

Aviva

Aviva also offers rideshare insurance coverage for Uber drivers in Ontario. Their policy provides coverage for all stages of the Uber trip, including when you’re waiting for a ride request, on your way to pick up a passenger, and with a passenger in the car. This coverage is in addition to the insurance provided by Uber itself. Aviva also offers optional coverage for vandalism, hit-and-run accidents, and more.

Intact

Intact offers a unique endorsement for rideshare drivers that can be added to your existing auto insurance policy. This endorsement provides coverage for all stages of the Uber trip, in addition to the insurance provided by Uber itself. Intact also offers additional features, such as accident forgiveness, no-deductible glass coverage, and waiver of depreciation for new cars.

When comparing insurance options, it’s important to consider factors such as cost, coverage limits, deductibles, and additional features. You’ll want to find a policy that fits your specific needs as an Uber driver in Ontario.

Allstate’s Coverage for Uber Drivers in Ontario

If you’re an Uber driver in Ontario, you’re required by law to carry insurance coverage that meets the specific requirements of ridesharing companies. Allstate is one of the insurance companies that offer coverage for Uber drivers in Ontario, and their policies are tailored to meet the unique needs of rideshare drivers.

One of the key features of Allstate’s coverage for Uber drivers in Ontario is the ability to customize your policy to fit your individual needs. You can choose from a range of coverage options and limits to find the policy that works best for you.

Allstate also offers coverage for both personal and commercial use, which is important for Uber drivers who use their vehicles for both ridesharing and personal use. This coverage includes liability insurance, accident benefits, and physical damage coverage.

Another unique feature of Allstate’s coverage for Uber drivers in Ontario is the “Ride for Hire” endorsement. This endorsement provides coverage for drivers while they are waiting for a ride request, as well as while they are en route to pick up a passenger. This ensures that drivers are protected at all times while using their vehicles for ridesharing purposes.

Allstate’s Coverage for Ontario Uber drivers:

Customizable policies to fit individual needs
Coverage for both personal and commercial use
“Ride for Hire” endorsement for added protection

If you’re an Uber driver in Ontario, Allstate’s coverage options may be worth considering. Their policies are designed to meet the specific needs of rideshare drivers and provide comprehensive coverage at competitive rates.

Aviva’s Coverage for Uber Drivers in Ontario

As an Uber driver in Ontario, it’s essential to have the right insurance coverage to protect yourself and your passengers. One insurance company that offers specialized coverage for rideshare drivers is Aviva.

Aviva’s coverage for Uber drivers in Ontario includes:

Third-Party Liability Coverage: This coverage protects you if you’re found responsible for injury or property damage to a third party while operating your vehicle on an Uber trip.
Statutory Accident Benefits Coverage: This coverage provides financial protection if you or your passengers are injured in an accident while driving for Uber.
Collision and Comprehensive Coverage: This coverage protects your vehicle against damage caused by a collision or other events like theft, vandalism, and weather-related damage.
Uninsured Automobile Coverage: This coverage protects you if you’re involved in an accident with an uninsured motorist.
Family Protection Coverage: This optional coverage provides additional protection for you and your family members if you’re involved in an accident with an underinsured motorist.

Aviva’s coverage for Uber drivers in Ontario is designed to fill the gaps left by Uber’s insurance coverage. It provides additional protection and ensures that you’re fully covered in the event of an accident.

One of the unique benefits of Aviva’s coverage is that it includes optional endorsements that allow you to customize your policy to meet your specific needs. For example, you can add rental vehicle coverage, which provides a rental vehicle while your car is being repaired after an accident.

Aviva’s Optional Coverage Endorsements

Aviva offers several optional coverage endorsements that Uber drivers in Ontario may find beneficial. These include:

Rental Vehicle Coverage: Provides a rental vehicle while your car is being repaired after an accident.
Loss of Use Coverage: Provides reimbursement for transportation expenses while your car is out of commission after an accident.
Disappearing Deductible: Reduces your deductible by a set amount for every year that you’re accident-free.
Conviction Protector: Protects your driving record from minor traffic violations.

Overall, Aviva’s coverage for Uber drivers in Ontario is comprehensive and provides the protection you need as a rideshare driver. With optional endorsements that allow you to customize your policy and fill any gaps in coverage, it’s a great option to consider when looking for insurance coverage as an Uber driver.

Intact’s Coverage for Uber Drivers in Ontario

If you are an Uber driver in Ontario, you may be wondering which insurance company provides the best coverage for your specific needs. Intact is one of the insurance companies that offers policies designed specifically for rideshare drivers, including those who work for Uber.

Intact’s coverage for Uber drivers in Ontario includes liability coverage, accident benefits coverage, and comprehensive and collision coverage. The liability coverage provides protection if you are at fault for an accident while driving for Uber.

The accident benefits coverage provides coverage for medical expenses and lost income if you are injured in an accident while driving for Uber. The comprehensive and collision coverage provides protection for your vehicle in case of damage or theft.

Intact’s Ride-Sharing Endorsement

In addition to their standard auto insurance policies, Intact offers a ride-sharing endorsement that provides additional coverage for Uber drivers in Ontario. This endorsement includes increased liability coverage to meet Uber’s $1 million liability requirements, as well as protection for your vehicle when you’re using it for ride-sharing purposes, such as comprehensive and collision coverage.

One of the unique features of Intact’s ride-sharing endorsement is that it provides coverage even when you don’t have a passenger in the car, such as when you’re waiting for a ride request. This coverage can be especially valuable, as most standard auto insurance policies do not cover ride-sharing activities.

Benefits of Intact’s Coverage for Uber Drivers in Ontario

Intact’s coverage for Uber drivers in Ontario goes beyond the minimum requirements set by the province, providing you with additional protection and peace of mind while you’re on the road. In addition, their ride-sharing endorsement is specifically designed to meet the needs of rideshare drivers like you, offering extensive coverage that can help protect you from financial losses in case of an accident.

As an Uber driver in Ontario, it’s important to have the right insurance coverage to protect yourself and your passengers. Intact’s coverage for Uber drivers in Ontario is one option that you may want to consider, so be sure to do your research and compare all of your insurance options to find the policy that best fits your needs.

Comparing Insurance Options for Uber Drivers in Ontario

If you are an Uber driver in Ontario, it’s important to have the right insurance coverage to protect yourself and your passengers. With several insurance companies offering coverage tailored for rideshare drivers, it can be challenging to determine which option is best for you. Here, we’ll compare insurance options for Uber drivers in Ontario, helping you make an informed decision that meets your needs.

Policy Coverage

When comparing insurance options, it’s important to consider the coverage offered by each policy. Some policies may only cover you when you have a passenger in your car, while others provide coverage during the time you are logged into the Uber app. Review the policies carefully and assess the extent of coverage offered by each option.

Pricing

The cost of insurance is another important factor to consider when comparing options. While some companies may offer lower premiums, they may come with higher deductibles or lower coverage limits. Take the time to review the pricing structure of each policy and consider your budget and specific needs as a driver.

Add-On Benefits

Insurance companies may offer additional benefits or features that cater specifically to rideshare drivers. For example, some policies may include roadside assistance or coverage for lost income due to an accident. Consider which add-ons may be important to you and factor them into your decision-making process.

Customer Service

The level of customer service provided by an insurance company is also an important factor to consider. Look for reviews of the company online or speak to other Uber drivers to assess their experiences. Determine if the company provides prompt and efficient claims processing and if they offer support and guidance in navigating the claims process.

How Much Does Uber Insurance Cost In Ontario?

Uber requires all its drivers to have their own car insurance, and they provide additional coverage while you’re using the app. Here’s how it works:

When the Uber app is off, your personal car insurance is in effect, and it provides coverage.
When you turn on the Uber app, a basic level of liability insurance becomes active to provide some coverage.
Once you accept a trip, a higher level of insurance coverage kicks in and remains active until your passenger safely exits the vehicle.

It’s important to note that in the past, Uber’s insurance only covered you when you had a passenger in your car. However, they’ve updated their policy to offer more comprehensive coverage.

Since your regular personal insurance may not cover you if they discover you’re driving for Uber, it’s crucial to find the right type of insurance for your new gig. Another option, as mentioned earlier, is commercial insurance. So, you might be wondering, how much does commercial auto insurance cost for Uber drivers?

Well, here’s the deal: Commercial insurance for Uber drivers can get quite expensive. Most insurance companies will ask for somewhere between $3,000 to $5,000 per year. On the flip side, rideshare insurance is a more budget-friendly option, typically ranging from $100 to $200 per month. However, there’s a catch – not all Uber drivers across the country can easily get rideshare insurance. In fact, in many states, drivers only have access to a single insurance option.

How Much Does Uber Insurance Cost In Canada?

If you get into an accident while driving for Uber, it could create some serious financial problems. You might have to deal with repair costs for your vehicle, and you could be on the hook for any property damage expenses.

Here’s another thing to think about: if your passenger gets hurt in an accident while you’re driving for Uber, and your claim is denied, your regular car insurance might not step in to cover their injuries.

Lastly, if you’re carrying passengers for payment and you don’t have the necessary local license, you could get hit with fines from city officials. Cities like Toronto and Ottawa, among others, have been known to ticket and fine Uber drivers. Driving for a rideshare company like Uber can create some pretty tricky insurance issues and might even lead to your policy being canceled. So, it’s important to be aware of these potential challenges.

Uber’s insurance policy might sound new, but it’s not an entirely new policy; it’s more like an addition or extension to your regular car insurance. This extra coverage usually costs around $600 per year, although the exact cost can vary depending on different factors.

Here are a couple of scenarios to give you an idea:

Scenario 1:

Driver: Female, 39
Driving History: No tickets in the last 3 years
Location: North York, ON
Car: Chrysler 300 Touring, 2018
Estimated Extra Cost: $695/year on top of your regular car insurance.

Scenario 2:

Driver: Male, 46
Driving History: No tickets in the last 3 years
Location: Scarborough, ON
Car: Ford Focus, 2013
Estimated Extra Cost: $895/year on top of your regular car insurance.

Uber Drivers: Important Things to Consider:

There are some important details to keep in mind about this policy:

Maximum Driving Time: The policy covers part-time Uber drivers, up to 20 hours per week. If you drive more than that, the extra coverage cost will be calculated based on factors like your ride-sharing time, where you drive, and your driving record.
Number of Passengers: You can only carry a maximum of eight passengers at once, including yourself.
Licensing: You must have had your license for at least six years (G2 and up) in either Canada or the US.
Other Commercial Activities: This policy doesn’t cover other commercial activities like moving services, food delivery, or courier services.
Not a Taxi or Limousine: Your personal vehicle can’t be registered as a taxi or a limousine.

When Are You Covered?

Here’s when you’re covered under this insurance:

When you’re logged in and waiting for a passenger request.
When you’re on your way to pick up a passenger.
When you’re driving the passenger to their destination.

Currently, this ride-sharing insurance is only available in Ontario. However, it’s likely to expand to other provinces in the near future.

Final Words

In conclusion, it is important for Uber drivers in Ontario to have the appropriate insurance coverage to protect themselves and their passengers. While Uber provides some insurance coverage, it may not be enough to fully protect drivers in case of an accident.

After researching various insurance options, it is clear that Allstate, Aviva, and Intact are the top insurance companies that offer coverage specifically tailored for Uber drivers in Ontario. Each company has its own unique features and benefits, so it’s important for drivers to compare their options and choose the one that best meets their needs.

When choosing insurance coverage, it is essential to consider the specific policy details, such as the coverage limits and deductibles, as well as any exclusions or limitations that may apply. It is also important to understand the ridesharing insurance requirements set by the government in Ontario.

Finally, while finding the right insurance coverage may seem daunting, it is crucial for the safety and protection of both drivers and passengers. By considering the options available and carefully choosing the right coverage, Uber drivers in Ontario can have peace of mind while on the road. Hope I answered your query on the topic “Which Insurance Company Covers Uber In Ontario?”. Thanks for reading.