HyreCar Review – Is It Profitable For Drivers & Owners?


The gig economy is ripe with opportunities to make money. But a lot of the top apps are rideshare or food delivery gigs that require having a vehicle.

This is where HyreCar can help. It’s a vehicle rental marketplace designed to help gig workers rent out vehicles so they can make money with companies like Uber, Lyft, and DoorDash.


But is HyreCar worth it for gig workers? And can it be a nice source of passive income for vehicle owners?

Our HyreCar review is covering how this platform works, its pros and cons, and what other users think to help you make the best choice.

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What Is HyreCar?

HyreCar is a carsharing marketplace that’s specifically for ridesharing and gig workers. It helps people who don’t have a vehicle begin making money with companies like DoorDash, Uber, Lyft, and other driving apps.

There are other car-rental apps on the market, like Turo and GetAround. However, these peer-to-peer vehicle rental apps focus on everyday consumers, whereas HyreCar is built for the gig economy.


For HyreCar drivers, this platform lets them participate in the gig economy and to boost their income when it might have otherwise been impossible.

And for vehicle owners, HyreCar presents an interesting passive income opportunity since people can rent out their vehicles for a daily fee.

HyreCar Driver Requirements

Since you’re driving for a rideshare company, HyreCar essentially has the same requirements as Lyft and Uber. 

This article breaks them down per state, but generally, you must:

  • Being 21 or older
  • Having a valid driver’s license for at least one year
  • Having an existing, approved rideshare account for the company you’re driving for
  • Not having major driving violations or more than 2 minor violations within the last 3 years
  • Meeting state requirements with your vehicle according to the rideshare company you drive for

If you meet these requirements, you can start making money with HyreCar.

How Does HyreCar Work For Drivers?

If you want to start a gig job but don’t have a car, becoming a HyreCar driver is an option. And the entire process just takes four steps:

1. Create An Account & Choose Cars

To sign up for HyreCar, you just need to enter your name, email address, and phone number. The process takes all of a minute. After you sign up, you can browse a catalog of cars that are available for rent in your area:


You can sort by price, distance, and location. If you live in a major city, you’ll probably find a decent selection of vehicles to rent. As you can see in my screenshot above, plenty of cars are available for $20 to $45 per day or so.

HyreCar suggests that you book 5 to 10 cars simultaneously to increase “your chances of getting the car you want, just in case some of your other choices become unavailable. You’re only charged for the car you’re approved to drive.”

You have to input the dates you want your car for, and there’s a 2 day rental minimum, so keep this in mind.

2. Background Check & Documents

Once you select several cars, you fill out payment information. If you use a debit card, a refundable $200 deposit gets held until your rental period is over, so use a credit card if you can.

If you’re a new HyreCar driver, you must consent to a background check. This only takes a few hours according to HyreCar.

If a vehicle owner approves your rental request, HyreCar sends three documents you have to upload to your Uber/Lyft driver accounts:

  • Vehicle registration
  • The vehicle’s 19-point inspection report
  • Your HyreCar rideshare insurance

Rideshare insurance is sent to you 24 hours before you pick up your rental. You also pay upfront for your rental days. I’ll get into the insurance plans later on in this HyreCar review, because it honestly deserves a separate section.

3. Pickup Car

Once Uber or Lyft verify your documents, you can pickup your rental vehicle.

Arrange a pickup time and place for your vehicle with the owner through the HyreCar app. Once you arrive, inspect the vehicle for any signs of interior and exterior damage or scuffs so you don’t get blamed for them. Take pictures of the vehicle regardless of the condition.

After you get the keys, you’re all set to start hustling!


You paid upfront for your rental, so ideally, you know exactly how much you have to earn from being a rideshare driver to make a profit after factoring in your fuel expenses, rental price, and insurance policy.

4. Drop Off

Once your rental is up, you can extend the rental or return it.

Extending through the HyreCar app just takes a simple request, and your insurance and rental charge automatically get extended if the owner approves.

If you drop off the car, arrange a time and place with the owner. They’ll inspect the car, and if there aren’t any problems, they confirm the drop off in the HyreCar app through the owner side of the platform.

How Does HyreCar Insurance Work?

The first thing to note is that HyreCar is not an insurance company!

It provides insurance for drivers, but this is done through its insurance partners. According to HyreCar: “Drivers are not required to have a personal insurance policy to rent vehicles on our platform, however, Owners are required to have up to date personal and/or other insurance coverage required by law.”

The other key thing to note is that HyreCar’s insurance covers you when you pick up a vehicle from the owner but haven’t started working yet. Once you start driving for Uber or Lyft, their insurance policies take over.

As a HyreCar driver, here’s what’s covered:

  1. Liability to third-parties for bodily injury and property damage resulting from the use of the rented vehicle, up to the minimum liability coverage required by state law.
  2. Personal Injury Protection (“PIP”) in those few states where PIP coverage is required by law and cannot be waived.
  3. Uninsured or Underinsured Motorist (“UM/UIM”) up to the statutory minimum amount in those few states where UM/UIM coverage is required by law and cannot be waived.


Again, the main takeaway is thatNo additional coverage is provided by HyreCar’s insurance partner(s) while the transportation network company’s application is on. This, for example, occurs when a driver is enroute (Period Two) or when the Driver is on an active trip (Period Three). Rideshare services within the gig economy may have varying coverage plans.”

The graph above looks a bit convoluted, so it’s worth taking some time to review. But, in a nutshell, HyreCar covers you before and after you work for your rideshare company of choice. While you’re on the job, the gig economy you’re delivering for covers you.

Is HyreCar Worth It For Drivers?

HyreCar is worth it for drivers if you can work enough hours to pay off vehicle rental costs while still turning a decent profit. But this likely means it’s best for full-time gig workers who don’t have a vehicle, not part time hustling.

To understand if HyreCar is profitable or not, we have to take a look at how much it costs drivers. And there are four main expenses:

  • Rental price
  • Insurance
  • Transaction fees
  • Fuel

Let’s take a look at a basic HyreCar rental option for an idea of how these cost stack up:


Renting this 2012 Toyota Prius for 7 days costs $293.90. HyreCar insurance is $13 per day, and there’s also a 10% transaction fee. The daily rental price is $31.

You can get up to 20% off if you book a car for 30 days. If you did this, this car would cost $1,208 for the entire month.

$1,208 is honestly pretty hefty. But if you hustle with various driving gigs, making $100 to $200 a day is pretty realistic. So, you could potentially turn a few thousand dollar profit if you worked full-time.

Fuel is the other main cost you have to factor in. But again, HyreCar can be profitable if you work enough hours in a day and get decent hourly rates and some tips.

That said, you can consider other alternatives. In busy cities, you might be better off just becoming a bike courier for Uber Eats or DoorDash and cutting out HyreCar completely.

How Does HyreCar Work For Vehicle Owners?

HyreCar can help gig workers start new side hustles and make money with companies like Uber Eats, Lyft, and other driving gigs. But it can also be a nice passive side hustle for vehicle owners.

For vehicle owners, HyreCar works in four steps:

  1. Create your listing
  2. Choose a protection plan
  3. Rent out your vehicle
  4. Get paid


You can actually sign up for HyreCar as a fleet owner, rental car company, or personal owner. But we’re going to examine the process for personal owners in this HyreCar review since this applies to the most people.

1. Create Your Listing

Listing your car on HyreCar is similar to listing on Airbnb.

You have to put some effort into your listing to make it stand out. High quality photos, a decent description, responding to rental questions, and pricing competitively are all important.

To create your listing, you provide:

  • Your address, basic car information and photos.
  • Proof of registration, insurance, and the 19 point inspection (basically take your car to a mechanic and have them inspect your car’s safety. Uber and Lyft have slightly different requirements).
  • Your daily rental price.

2. Choose Protection Plan

Like Turo, your level of owner protection influences how much money you make with HyreCar.

There are currently four protection plans, with the most basic plan paying you 85% of rental fees and the safest plan paying you 70% of rental fees:

HyreCar Protection Plans

As you can see, things like deductible amount, mileage overage reimbursement, and physical damage coverage all vary between plans. So, you have to decide how safe you want to be in exchange for earning less or more per booking.

Also note that HyreCar drivers pay for gas and must return your car with a full tank. The gas coverage just reimburses you if your renter returns the tank with missing fuel.

3. Rent Out Your Car

Once you’re approved as a HyreCar owner and get some interest, it’s time to rent your car!

Like Airbnb, you should make an effort to clean and maintain your car if you want positive reviews. Also remember to take a photo of your vehicle’s interior, exterior, and the odometer.

You set mileage allowances in your rental, and HyreCar protects you to an extent if the driver exceeds their mileage. Mileage is set at a default minimum of 250 miles/day. If the Driver goes over the mileage limit, there is a fee of $0.25 per mile.

If you find a driver you feel comfortable renting to, meet them, hand off the keys, and sit back while your vehicle earns.

Extra Reading – The Most Profitable Things To Rent Out.

4. Pickup & Getting Paid

When the driver returns your car, inspect it for damage and confirm the drop off to conclude the rental period. 

HyreCar schedules payments within two to three business days and you can easily track your earnings through your owner’s dashboard via the app or website.

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