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Uber Commercial Insurance Warnings To More Drivers

In a segment of #ShowMeTheMoneyClub, Sergio and Chris dive into the rising costs of commercial insurance for Uber drivers, particularly in high-insurance areas.

Uber is piloting a program in Los Angeles and San Diego counties, reimbursing drivers $1 per mile in Period 3 (when a rider is in the car) if they secure their own commercial insurance.

Here are some key takeaways:

👉 Drivers with their own commercial insurance, like Uber Black drivers, can save significantly under this pilot.

👉 High-mileage drivers could earn up to $4,000 monthly in reimbursements.

👉 This program is promising for full-time drivers but may not benefit part-timers or weekend warriors.

👉 Drivers must carefully evaluate costs, as there’s no guarantee the pilot program will continue long-term.

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