HyreCar Logo
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9 User Reviews
LAST UPDATED: January 25th, 2021

HyreCar is a peer-to-peer car sharing platform positioned to match car owners with transportation network drivers who need a car for their work. The marketplace provides short-term vehicle leases to rideshare and delivery drivers, while the vehicle owners make money by renting out their car. The proper inspection and insurance documents are provided to the driver at the beginning of the rental, so they can submit them to Uber or Lyft.

It works like this, you shop around for a car to rent, then fill out a background check. Owners have the option to accept or reject any car rental application. Cars are available for daily, weekly, and monthly rates and prices are set by owners.

The insurance is only valid in conjunction with a policy from a transportation network, so this service is truly meant to be used for people who drive for Lyft or other similar transportation company. Rentals are per day.

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The Good

  • Fast Approval
  • No Contracts or Sign-up Fees
  • Background Check
  • Insurance provided

Fast Approval

Drivers can usually get approved and rent a vehicle, all within the same day.

No Contracts or Sign-up Fees

This rental car service doesn’t have any ongoing subscription or membership fees. You only pay when you rent a car.

Background Check

In order to start renting a car with HyreCar, you need to pay for and pass a background check, meeting the following requirements:

  • At least 21 years old
  • Have a SSN
  • Have a valid U.S. driver's license and at least one year of driving experience
  • Have a good DMV record with no recent accidents, major violations in the last three years, fewer than three moving violations, and no history of non-payment
  • Have a clean criminal record with no felonies, violent crimes, major theft, or major controlled substance history

You will also be required to submit a certification that you have passed a background check with a transportation network company.

Insurance Provided

HyreCar is a rideshare rental service with a business model catering to people who drive for companies like Uber and Lyft, which have their own rideshare insurance policies covering an in-progress ride.

Outside of that time, HyreCar provides insurance for the driver after they pick up the car, but they aren’t accepting rides, and when they are getting ready to accept rides, their Uber or Lyft app is on, but they haven’t accepted a ride yet.
The coverage includes the following:

  • $100,000 liability cap
  • $25,000 physical damage cap
  • $2,500 deductible to be paid by the driver for physical damage claims

HyreCar’s insurance policy is only valid in connection with a driver’s occupational coverage from their transportation network. If the driver doesn’t have an Uber, Lyft, or HopSkipDrive, or other driving network account in good standing, they may be held fully liable for any damage.

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The Bad

  • Availability
  • Deposits and Fees
  • Mileage Limit
  • Privacy
  • Rental Minimum

Availability

While HyreCar currently operates in all 50 states, availability depends on the number of people posting their cars on the site. For smaller communities further from cities, it can be harder to find a nearby car to reserve.

Deposits and Fees

Background check fee: The HyreCar background check is required and applicants must pay for the service before they can start renting cars.

Service and insurance fees: The price that you see a car listed for is not the total. HyreCar charges a 10 percent transaction fee and an insurance fee of $13 dollars per day. Users should just be aware that the price seen listed is the price set by the owner. Service fees and insurance are on top of that. While we applaud the transparency on the listing page itself, it does feel like a bit of a bait and switch.

Debit card deposit: If a renter is using a debit card to rent a car, a $200 refundable deposit is required; however, users can avoid this deposit by just using a credit card for payment.

Mileage Limit

Each vehicle rental has a daily mileage limit specified by the owner. The standard is a 250 mile per day mileage limit. If you go over the limit, as a driver, you have to pay $0.25 per mile. Check each listing for a mileage limit. It is prominently placed on the listing page, and owners will often offer unlimited mileage as an incentive for renters.

Privacy

As a part of the rental process, owners are told to check a renter’s drivers license and take a photo of it before handing over the keys. Some people may not want a stranger to have a picture of their drivers license.

Rental Minimum

HyreCar has a two-day rental minimum. You can’t just rent for one day.

This is nice for the vehicle owner who might be expected to engage with a new renter on a regular basis with other peer-to-peer sites. With HyreCar, as the renter-base is looking for a vehicle to drive for their job, they may be expected to rent for a week or month. It is a more reliable way to earn money with weekly payments.

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The Bottom Line

HyreCar is a great solution for people who need a car to work as freelance rideshare or food delivery drivers, but don’t immediately have the money or the credit score to get an auto loan with monthly payments. It is a low-cost, safe, and insured way to begin working for rideshare companies and start earning money.

Similar to peer-to-peer rental programs like Turo and Getaround, if you have idle cars in the driveway, this is a great opportunity to use the sharing economy to earn passive income.

At the same time, vehicle owners can feel rest assured that their car is in the hands of a safe, responsible driver who is purely using it for work and has passed not one, but two background checks: one from your rideshare platform and one from HyreCar.

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Star Rating

1.2

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9 Reviews

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1 grade

89%

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