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Should I drive for Uber, Door Dash or any other driving gigs?
By Product Expert | Posted in Tips & Tricks on Friday, January 29th, 2021 at 8:33 pm
Pros and cons for driving a gig company
With any type of job you may take on, there will be some pros and cons. Today we will be covering some of the benefits and disadvantages of driving for gigs like Uber, Door Dash and other companies. Keep reading to learn more.
Take control of your schedule
One of the best perks of driving for any gig company is you are able to set your own schedule from the times you work to the number of hours you put in. Some things to keep in mind are the area you deliver in and the times that may affect your pay. Working during peak times like during events and commutes to or from work are often the best times.
Check your auto insurance coverage
You will need to read some of the fine print on whether the company will cover an auto accident when you are on the clock. Check with your policy if your vehicle is covered if you do decide to work for any gig company. Uber, as an example, will often chip in if someone makes a mess in your vehicle.
Taxes might look a bit different
Most of these companies will not take income tax out of your paycheck which means you will be in charge of keeping track. A good rule of thumb is putting aside 25% of your income. Keep track of mileage and vehicle repairs because these could be used as a tax deduction.
Your vehicle will have extra wear and tear
With more use, comes more wear and tear of your vehicle. You will want to set aside some money for a higher frequency of services on your vehicle.
Read more tips and tricks: What should I put on my driveway in the winter?
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Read more tips: Do I opt-in for rental car insurance?
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