Peer-to-peer carsharing: Difference between revisions
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==Enabling Legislation== |
==Enabling Legislation== |
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Although many personal auto insurers in the U.S. exclude coverage for commercial use of insured vehicles either through a livery and public transportation exclusion or a specific "personal vehicle sharing program" exclusion,<ref>[http://www.irmi.com/online/prmi/ch006/1l06j000/al6j1400.aspx International Risk Management Institute - Personal Vehicle Sharing Program Exclusion Endorsement]</ref> In 2011, California was the first U.S. state to pass Assembly Bill 1871, which allowed private car sharing.<ref>{{cite web|url=https://www.austinchronicle.com/news/2013-03-15/sidecar-to-city-have-app-will-travel-to-court/|title=SideCar to City: Have App, Will Travel ... to Court|last=Whittaker|first=Richard|publisher=[[The Austin Chronicle]]|date=March 15, 2013|accessdate=July 19, 2019}}</ref> Several other states in the U.S. have passed legislation allowing individuals to share their cars without risk of losing their personal car insurance. These include California, Oregon, Washington, |
Although many personal auto insurers in the U.S. exclude coverage for commercial use of insured vehicles either through a livery and public transportation exclusion or a specific "personal vehicle sharing program" exclusion,<ref>[http://www.irmi.com/online/prmi/ch006/1l06j000/al6j1400.aspx International Risk Management Institute - Personal Vehicle Sharing Program Exclusion Endorsement]</ref> In 2011, California was the first U.S. state to pass Assembly Bill 1871, which allowed private car sharing.<ref>{{cite web|url=https://www.austinchronicle.com/news/2013-03-15/sidecar-to-city-have-app-will-travel-to-court/|title=SideCar to City: Have App, Will Travel ... to Court|last=Whittaker|first=Richard|publisher=[[The Austin Chronicle]]|date=March 15, 2013|accessdate=July 19, 2019}}</ref> Several other states in the U.S. have passed legislation allowing individuals to share their cars without risk of losing their personal car insurance. These include California, Oregon, Washington, Maryland,<ref>{{cite web|url=https://www.forbes.com/sites/christopherelliott/2018/10/13/the-war-between-car-sharing-and-rental-companies-just-escalated-heres-why-you-should-care/|title=The War Between Car Sharing And Rental Companies Just Escalated. Here's Why You Should Care|last=Elliott|first=Christopher|publisher=[[Forbes]]|date=October 13, 2018|accessdate=July 19, 2019}}</ref>, and Colorado<ref>{{cite web|url=https://leg.colorado.gov/bills/sb19-090}}</ref> |
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==Prohibitions== |
==Prohibitions== |
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Revision as of 21:19, 23 September 2019
Peer-to-peer carsharing (also known as person-to-person carsharing and peer-to-peer car rental) is the process whereby existing car owners make their vehicles available for others to rent for short periods of time.
The concept
Peer-to-peer carsharing is a form of person-to-person lending or collaborative consumption, as part of the sharing economy. The business model is closely aligned with traditional car clubs such as Streetcar or Zipcar (est. in 2000),[1] but replaces a typical fleet with a ‘virtual’ fleet made up of vehicles from participating owners.[2] With peer-to-peer carsharing, participating car owners are able to charge a fee to rent out their vehicles when they are not using them (cars are driven only 8% percent of the time on average).[3]
Participating renters can access nearby and affordable vehicles and pay only for the time they need to use them.[4][5] In 2011, an American research company Frost & Sullivan calculated that an average Getaround renter saved over $1,800 per year by using a car sharing service over owning a car for the same number of miles driven.[6] In 2014, the United States House Committee on Small Business stated that “buyers pay less than they would without the service, and sellers earn more--if only because they often would not be able to bring their service to market without the peer-to-peer platform.”[7]
Businesses within this sector screen participants (both owners and renters) and offer a technical platform, usually in the form of a website and mobile app, that brings these parties together, manages rental bookings and collects payment. Businesses take between 25% and 40% of the total income, which covers borrower/renter insurance, operating expenses, and roadside assistance.[2]
As with person-to-person lending, the Internet and the adoption of location-based services as well as the spread of mobile techology have contributed to the growth of peer-to-peer carsharing.[8]
Enabling Legislation
Although many personal auto insurers in the U.S. exclude coverage for commercial use of insured vehicles either through a livery and public transportation exclusion or a specific "personal vehicle sharing program" exclusion,[9] In 2011, California was the first U.S. state to pass Assembly Bill 1871, which allowed private car sharing.[10] Several other states in the U.S. have passed legislation allowing individuals to share their cars without risk of losing their personal car insurance. These include California, Oregon, Washington, Maryland,[11], and Colorado[12]
Prohibitions
In the U.S., New York is the only state that does not allow peer to peer car rental because the owner cannot exclude him or herself from liability to a renter.[citation needed]
Ecological impact
Peer-to-peer car sharing has the potential to reduce the number of vehicles on the road and lower pollution levels.[13]
See also
Notes and references
- ^ Berger, Suzanne (2013). Making in America: From Innovation to Market. MIT Press. p. 191. ISBN 9780262019910 – via Google Books.
- ^ a b "Online Rental Markets Are Thriving". Yale School of Management. December 8, 2010. Retrieved July 19, 2019.
- ^ Pozin, Ilya (July 19, 2012). "10 Greatest Industry-Disrupting Startups of 2012". Forbes. Retrieved July 19, 2019.
- ^ Gansky, Lisa (2010). The Mesh: Why the Future of Business Is Sharing. Penguin. p. 146. ISBN 9781101464618 – via Google Books.
- ^ Karmann, Markus (2011). The Rise of Collaborative Consumption on the Example of Couchsurfing. GRIN Verlag. p. 5. ISBN 9783656189190 – via Google Books.
- ^ "GetAround Connects Car Owners And Renters With P2P Marketplace". Business Insider. June 7, 2011. Retrieved July 19, 2019.
- ^ "The Power of Connection: Peer-to-peer Businesses". United States House Committee on Small Business. January 15, 2014. Retrieved July 19, 2019.
- ^ Ostrofsky, Marc (2013). Word of Mouse: 101+ Trends in How We Buy, Sell, Live, Learn, Work, and Play. Simon and Schuster. p. 113. ISBN 9781451668421 – via Google Books.
- ^ International Risk Management Institute - Personal Vehicle Sharing Program Exclusion Endorsement
- ^ Whittaker, Richard (March 15, 2013). "SideCar to City: Have App, Will Travel ... to Court". The Austin Chronicle. Retrieved July 19, 2019.
- ^ Elliott, Christopher (October 13, 2018). "The War Between Car Sharing And Rental Companies Just Escalated. Here's Why You Should Care". Forbes. Retrieved July 19, 2019.
- ^ https://leg.colorado.gov/bills/sb19-090.
{{cite web}}: Missing or empty|title=(help) - ^ Solar Today. American Solar Energy Society. 2002. p. 77 – via Google Books.
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