A recent article on car sharing by AOL News warned that letting others take your car as a source of revenue could end up costing you more than you make. It’s not uncommon.
Some drivers let others drive their car or car share. The University of California Berkeley finds about 8,000 vehicles are used this way by a half-million people who partake in 27 programs across the U.S.
The programs are largely found in urban centers where Jolly Wheels, Getaround, and Relay Rides are based and help people connect to others who may want to rent their car for a short while.
The problem – your own auto insurance may not cover someone else using your car. The article said the insurance industry wants to discourage using your car for income because of the additional risk of an auto accident injury by renting your car to strangers who may not have good driving habits. They also may not know the roads or be out in inclement weather.