Last updated nov 20, 2016 | Posted in Uncategorized

The option of vehicle sharing is growing around the world and changing the profile since it appeared on the scene. Many think why have a vehicle, with all the expenses involved, if you can have hundreds available. But the change also entails modifications in auto insurance.

The options of shared vehicles and auto insurance
Urban mobility experts consider that we live in the era of shared mobility, where modes of new alternative transportation services are bringing about major changes. This is happening because of the demographic changes, the new attitudes of society in relation to the property in the countries of the first world and the advances in the mobile technology.
The reality is that the shared vehicle allows some homes to have a single car, instead of two or three, with the savings that it means. While other people have given up completely owning a vehicle, using variations of shared car services to choose a vehicle suited to a certain task and location. For others it is the opportunity to drive and try out a different vehicle. In the United States, for example, it is possible to try an electric car if your plans are to buy one.
All of these options present a new challenge for insurance companies, who must consider the number of drivers, the places they are driven, and other factors that affect auto insurance.
Car insurance
In many countries the mode of shared vehicles comes in different forms. In some there are no car sharing services with your own fleet of vehicles, but the system works with a registry of cars or vans with links to websites hosting it. The owner rents his vehicle during a period that varies hours, days or even weeks. The owner and the tenant negotiate the price directly and the payment can be done by credit card through the intermediary company sites. A person who owns a vehicle but does not use it much can choose to not leave it parked in the garage, but turn it into a useful source of income. Those who only use their vehicle from time to time may prefer to rent it to another person who chooses, for different reasons, not own one.
Of course the homeowner should then think about the auto insurance coverage that he needs for this particular circumstances. Therefore, before undertaking this interesting business you should be advised correctly. For this, nothing better than to go to a professional insurance agent, the person suitable to suggest the policies and more appropriate companies.
Please remember that this is a unique situation, which then requires auto insurance policies to cover it. For this, owners of shared vehicles should be concerned with finding the best coverage so as not to cause headaches.