With increasing population and soaring prices of transportation, sharing a ride with someone has become a feasible option. This method is cost-effective and an approach to save the environment too. When you use your vehicle to transport people from one place to other, it is called as ridesharing. Earning extra money is an ambition for all and over the years ridesharing has evolved into an amazing concept altogether. But before jumping into this field it is mandatory to check whether your car insurance has a clause for rideshare insurance coverage too. Insurance companies have different policies for commercial and personal use of a car. They don’t have any policy under personal insurance that caters to car insurance for rideshare drivers. However, there are many cheap rideshare insurances available in the market for Uber and other auto services. They have a certain limit of reimbursements that exceeds only when the accident is too bad causing death sometimes. Therefore, it is very important to read all the terms and conditions of your car insurance policy before you sign for any. There is another way in which rideshare insurance coverage can be obtained. It is called business use endorsement policy that sometimes your personal loan covers. It will cost you a bit more but any day its lot better than a large hole unfortunate accidents can dig in your pocket. However, policies differ from lender to lender hence; it is advised to check with your policy issuer about all the clauses and benefits you can avail. People also associate carpooling to ridesharing. Car-pooling is often used by co-workers. No matter what term you associate with, it’s really important for your insurance to cover such options. Ridesharing has really gained popularity, especially in last few years. The Return on investment is really high in this field. However, before jumping in to earn extra bucks, make sure you are covered for ridesharing too. Car insurance for rideshare drivers should be provided at nominal rates by rideshare insurance companies. This will help the rideshare drivers to avail the medical benefits during the time of emergency instead of them paying a huge amount for treatment.