Best Value Car Insurance for Rideshare?

Fat Horny Ghost on 30/11/2019 - 16:28

Hi.

I'm looking around for quotes for rideshare to for didi. It ranges from 1.4k-1.9k.

Any tips or recommendations?
Bingle - 1.5k
NRMA - 1.6k
Ubi - 1.4k
NRMA - 1.6k
RACQ - 1.9k

Standard excess of 700. Similar market value of 15ish K. No optional extras.

Without rideshare I'm currently paying $700ish with bingle.

Comments

Ocker on 30/11/2019 - 18:11

+1

You are only going to find out the best value when (and if) you come to make a claim
Faulty on 30/11/2019 - 19:19

I've a friend who is with NRMA. The vehicle insured is a 2019 Hyundai i30, insured for an agreed value of $23K. Premium is $950, excess ~$850. Age is 45+.
brendanm on 30/11/2019 - 20:53

-2

Didn't you buy a new BMW or Mercedes or something?
- Fat Horny Ghost on 02/12/2019 - 03:58
  
  You remember me!
  
  Yes I bought the 320i bmw deal from 2018. I've looked into doing uber black for the side hustle and for fun but worked out it's not worth it:
  
  Higher mileage depreciates it even further
  
  Cheapest insurance with rideshare I could find for it was 2.5k and ranges up to $5k vs. $705 currently with aami no rideshare [For those that doubt the cheap price or that I bought the bmw from that deal https://imgur.com/a/T3Z6iiM]. I'll need to make an additional 2.5k-5k annually to cover the insurance + additional 5k-15k due to depreciation for higher mileage. 4x earn rate doesnt compensate enough and is high risk.
  
  I've got another reliable japanese car from 2008 that I planned to use for didi and can do the high mileage (unfortunately cant do uber due to age of car, but didi pays better for drivers).
Fat Horny Ghost on 23/12/2019 - 15:29

I ended using bingle over ubi which uses an app to measure your drive behaviours. Dont want to be monitored.