[CodeWriter23]

Go check the forums at uberpeople.net to hear firsthand the numerous stories of drivers having their personal insurance policies canceled after an accident. The media doesn't care enough to cover these stories.

It's not a myth, it is actually right in the agreement with your insurer, that your vehicle will not be used for commercial purposes.

Also, the $1 "Safe Ride" fee only covers excess liability, not collision. So if you're driving for Uber or Lyft, and the accident is your fault, everyone else is covered. Your passengers, the other driver(s), their vehicle(s). You have a totaled car with no insurance and have to pay your own medical bills.