It seems home insurance isn’t the only type of insurance that’s become just too darn expensive in California. Uber announced this week that due to rising insurance costs, it would no longer allow people under the age of 25 to drive for the ride-share company anymore.
Fortunately, this does not apply to anyone under 25 who is already driving for Uber or those who wish to drive for Uber Eats. But if you’re under 25 and currently thinking about ferrying Uber passengers as a side job, you’ll have to look elsewhere. Uber told the Associated Press that the culprit behind this rule change was insurance, as its commercial auto insurance costs in California had gone up by more than half in just the last two years.
It also pointed the finger at personal injury lawyers, saying “personal injury attorneys have created a cottage industry specializing in suing ride-share platforms like ours, pushing Uber’s California state-mandated commercial insurance costs to rise by more than 65 percent in just two years.”
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.