Uber Uber does not provide health insurance for its drivers. Uber driver-partners can use the company’s partnership with Stride Health to find insurance. Stride Health works with more than 200 insurers to connect applicants to health, dental, vision, and life insurance plans. Uber driver-partners can also work through state healthcare exchanges where available to find health insurance plans. Lyft Lyft does […]
Category: Driver Expenses
What are the typical costs for auto insurance for Uber or Lyft?
While Uber and Lyft provide basic auto insurance during rides, drivers also need their own coverage to protect beyond the limits of these policies. The typical driver in the United States paid $1,426 per year for auto insurance in 2018. This average includes all drivers across the country, which takes into account low-cost and high-cost states. Uber and Lyft drivers can […]
What are the typical costs for auto insurance for Uber or Lyft?
While Uber and Lyft provide basic auto insurance during rides, drivers also need their own coverage to protect beyond the limits of these policies. The typical driver in the United States paid $1,426 per year for auto insurance in 2018. This average includes all drivers across the country, which takes into account low-cost and high-cost states. Uber and Lyft drivers can […]
What expenses can Uber or Lyft driver deduct?
Uber and Lyft drivers are independent contractors who operate as sole proprietors for tax purposes. This tax status means that a driver incurs self-employment tax and pays Social Security and Medicare taxes typically paid by employers. Drivers should keep track of all expenses incurred while driving for Uber and Lyft to reduce their tax burdens. All of the […]
Who insures Uber or Lyft drivers and what are the requirements?
Uber and Lyft work with auto insurers in all 50 states to provide liability and underinsured motorist insurance coverage for drivers. Each driver is covered by third-party liability insurance when using app drive modes but prior to picking up passengers. Limits vary by state but the typical liability insurance covers up to $50,000 per person and $100,000 per accident […]