Sharedfare has designed comprehensive and third party vehicle cover options for individuals, families, rideshare drivers, taxi and delivery drivers, and fleet operators.

Fast quotes

Enter your registration, tell us how you use your vehicle, and receive a quote/estimate.

Fast, simple, and with no obligation.

Built for the way you drive

Rideshare leads the way, but the protection options are designed for others who earn a living from driving their vehicle.

Comprehensive and third-party property damage in one membership. Also covering fleet vehicle cover for operators.

How it works

Common questions

Is SharedFare registered with ASIC?

Yes. Sharedfare is an authorised representative (AR no. 001322181) of Asia Mideast Insurance and Reinsurance Pty Ltd (ACN 079 924 851 AFSL no. 239926). For more details about our financial services authorisation, read our FSG.

Does my rideshare or delivery use count as commercial driving?

Yes. Earning from your vehicle is commercial use, which many standard personal covers exclude. SharedFare cover is built for rideshare, delivery and other earn-from-your-vehicle driving, subject to your membership rights in the mutual's Constitution and the PDS.

What does the Mutual cover, and what does it not cover?

Some examples of what your cover may include are damage to your vehicle from collision, weather events, fire, theft and malicious acts, and your legal liability for damage to other people's property. A complete list of all events you may obtain cover for including additional and optional benefits and exclusions is in the PDS. Read the PDS, FSG and TMD before you sign up as a member of the Mutual and purchase cover.

Can a claim be declined?

Yes. Because SharedFare is a discretionary mutual, each claim is considered on its circumstances and the board has discretion to approve, partially approve or decline a claim in the interests of all members. There is no contractual right to payment.

Is this instead of CTP?

No. Compulsory Third Party (CTP) is still required and is separate. Shared Fare Mutual Ltd vehicle cover sits above CTP and covers damage to property and vehicles, not the personal injury cover that CTP provides.

How are contributions worked out?

Your contribution reflects your vehicle and how you use it, including how much you drive and for which platforms or purpose. There are no shareholder dividends built into your contribution because the Mutual is member-owned.

Who is Shared Fare Mutual Ltd?

It is a public company limited by guarantee that operates as a discretionary mutual. It provides Members with access to discretionary risk protection in accordance with its Constitution. Shared Fare Mutual charges Members a contribution to purchase the discretionary risk protection and uses the combined resources and buying power of the Members to fund the payment of claims, provide other related support services for Members, and pay its operating costs. Membership and protection is offered by Sharedfare Pty Ltd.

Is Shared Fare Mutual Ltd an insurance company?

No, Shared Fare Mutual is not an insurance company. Instead, Shared Fare Mutual is a member-owned discretionary mutual that issues discretionary risk protection. These are financial products regulated by ASIC but are not insurance contracts or subject to the protections in the Insurance Contracts Act. Shared Fare is not prudentially supervised by the Australian Prudential Regulation Authority (APRA).

What does discretionary risk protection mean?

Discretionary risk protection is the type of financial risk product issued by Shared Fare Mutual. It is a financial product regulated as a miscellaneous financial risk product by ASIC. A financial services licence from ASIC is required to advise on, issue and administer this type of financial product. Shared Fare Mutual does not hold its own financial services licence. It has partnered with an Australian financial services licence holder to allow Sharedfare to make offers of membership and protection. More information about this is in the FSG and the PDS.

Is discretionary risk protection the same as insurance?

Discretionary risk protection is different to insurance because Members do not have an automatic or contractual entitlement to payment of their claims, even if the claim meets all the terms and conditions of the protection. Instead, Members have a right to have their claims considered by the Board of Shared Fare Mutual and for the Board to exercise its discretion about whether to pay these claims or not. More information about this is in the PDS.

Does discretionary mean a Member's claim will not get paid?

The directors of Shared Fare Mutual aim to ensure the exercise of discretion occurs fairly and consistently and in the best interests of all members. They take account of the cover described in the PDS purchased by a member when considering whether to pay a claim. Other factors like the financial capacity of the mutual to pay the claim and whether the claim should be paid because of the people affected are important.