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We got quotes from a few popular car insurers to see what a quote for a rideshare driver could look like. Keep in mind, the below costs are only for the driver profile we used and your own costs will differ based on your age, car, suburb and driving experience.
| Provider | ~Annual cost |
|---|---|
| Bingle | $3,150.85 |
| Australia Post | $3,364.68 |
| QBE | $4,474.62 |
| Kogan | $5,153.06 |
| Response | |
|---|---|
| No | 50% |
| Yes | 50% |
If you haven't told your insurer that you're an Uber driver or other rideshare driver, it may refuse to cover you for any accidents that occur while you're working.
Many insurers still don't cover ridesharing. For example, popular insurers such as Budget Direct, Qantas, Coles and Huddle do not cover your car at any time for ridesharing. Others, such as ANZ, will only cover you if you drive less than 32 hours per week.
All of the main rideshare services in Australia (Uber, DiDi, Ola) require you to have compulsory third party insurance (CTP) and third party property insurance. We've outlined more about specific requirements below.
Rideshare platforms typically offer some kind of liability cover, but in most cases, you'll need to take out your own individual car insurance policy too. Here are the insurance requirements of each rideshare company in Australia.
| What insurance do I need? |
|
| Driving requirements | You must
|
| What insurance do I need? |
|
| Driving requirements |
|
| What insurance do I need? |
|
| Driving requirements | You must
|
| What insurance do I need? |
|
| Driving requirements | You must
|
| What insurance do I need? |
|
| Driving requirements | You must
|
| What insurance do I need? |
|
| Driving requirements | You must
|
A small number of rideshare insurance policies will only cover you if you drive less than a specified amount per week, often around 32 hours (we've outlined these in the table above). If you're ridesharing for more than that, opt for a provider with no limit.
You are required by most rideshare services to have CTP and third party property insurance. This doesn't cover you for damage to your own car though; if you want cover for that, you should get a comprehensive car insurance policy.
All comprehensive rideshare insurance policies should cover you for damage to your own car (usually up to the market value), other people's cars and property, floods, hail, fires and storms. However, features such as a hire car after an accident and windscreen cover, are sometimes optional. (Good to know: you won't be covered for ridesharing a hire car with most insurers but you can still use the vehicle for personal use).
It's simple to apply for car insurance quotes online, so get multiple policies for a better idea of how much rideshare car insurance costs.
Don't just assume that your car insurance will cover you for ridesharing – lots don't. You will need to contact them and let them know. Fortunately, there are a handful that do. It's worth getting a quote from each of them to see who is cheapest.
Gary Ross Hunter
Insurance editor
Moving across to an insurer that offers rideshare cover isn't hard. The switching process is simple once you've found a replacement policy that meets your rideshare needs. I reviewed more than a dozen policies – most insurers charge no more than $40 in cancellation fees.
James Martin
Editor for Insurance
If you’re unsure if your insurer offers coverage for ridesharing, it’s always best to check. It’s usually pretty straightforward; you can give them a call, go online and ask their live chat or just use “command+f” to search the PDS for “rideshare”. If it’s still not made clear, it could mean you won’t be covered and it’s time to start looking elsewhere.
Peta Taylor
Associate publisher
There are a few injuries and accidents where rideshare car insurance won't cover you. For example, certain personal injuries, such as broken bones, or cover if you can't work. This is where your rideshare platform's injury insurance can help.
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