Many people can’t imagine life without a car. From even before the day we got our driver’s licenses as teenagers, owning a car became a top goal. But transportation is one of the largest expenses in everyone’s budget.
Could it be that getting around using a rideshare service like Uber or Lyft is more economical than owning a car? I’ll answer that question like most lawyers would: “It depends.”
How Much Money Can You Save by Utilizing Rideshare Services?
If you have a family and young kids who need to be at soccer, scouts, Little League, dance, and other school activities, ditching your car or SUV might not be practical. The same is true if you drive to distant vacations or commute daily where public transit is not available.
For a retiree, empty-nester, or somebody working at home, though, it might make financial sense. If you are one of approximately 25 million travel-limited adults in the United States, rideshares can be a Godsend.
One of the biggest expenses associated with auto ownership is insurance. When you get around using Uber and Lyft, you save this considerable cost and, as a passenger, you are insured for $1.5 million in liability coverage and $1.5 million in Underinsured Motorist insurance coverage which the rideshare company is required to have in New Jersey.
Whether or not it is cost-effective to own a car will vary from person to person. Switching to Lyft and Uber full-time instead of owning a vehicle is worth considering and it might be right for you.
Contact a Perth Amboy Personal Injury Lawyer to Discuss Your Car Accident Case in New Jersey
Were you or a loved one injured while a passenger in a Lyft or Uber?? Don’t let the medical bills pile up while you wait for the negligent party or their insurance company to do the right thing. Right now, you need an aggressive personal injury attorney on your side, fighting to get you the compensation you need, want, and deserve. The skilled attorneys at CourtLaw represent clients injured because of Uber accidents in Hoboken, New Brunswick, Perth Amboy, East Orange, Jersey City, Trenton, throughout Middlesex, Union, Hudson, Essex, and Mercer counties and statewide in New Jersey. Call (732) 442-5900 or fill out our online contact form to schedule a consultation about your case. We have an office conveniently located at 163 Market Street, Perth Amboy, NJ 08861, as well as offices in New Brunswick, Roselle, East Orange, Jersey City, Elizabeth, Linden, Newark, Paterson, South Amboy, Trenton.
The articles on this blog are for informative purposes only and are no substitute for legal advice or an attorney-client relationship. If you are seeking legal advice, please contact our law firm directly.