How much should I charge to drive someone around?

16-20 cents per mile is normal. However, many employers will allow you to choose between mileage driven or the dollar amount of gas bought (with a receipt). This is because many people have cars that use a lot of gas, and the mileage rates might be less than the amount of gas you actually used.

Is it okay for my friend to drive my car?

Usually, yes — your car insurance coverage should extend to anyone else driving your car. This means even if your friend, sister or cousin have the best coverage possible, it would usually be your auto insurance that’d be covering the damages if they were at-fault in an accident while driving your vehicle.

Is it OK to drive someone else’s car?

It’s fine to drive someone else’s car, even regularly, since you don’t have to be the registered owner to drive it. Most insurance companies allow someone other than the legal owner of the car to carry insurance, but check with your provider and state’s laws to be sure.

What happens if you drive your friend’s car?

Non-Permissive Use and Excluded Drivers If someone borrows your car without your permission and causes an accident, then they would be liable for the damage. This means that if that person drives your car, your insurance will not cover any damage that takes place.

How much should I charge per mile for using my car?

The Internal Revenue Service announced gas mileage reimbursement rates for 2020 in December. For this year, the mileage rate in 2 categories have gone down from previous years: 57.5 cents per mile for business miles (58 cents in 2019) 17 cents per mile driven for medical or moving purposes (20 cents in 2019)

Can I lend my car to a friend long term?

If you have a regular long-term arrangement to either borrow or lend a car, the borrower should probably be added to the owner’s personal auto policy. Ultimately, it’s usually safe to loan your friend your car for occasional errands or projects. And the same goes for borrowing a car.

What is your hourly rate?

An hourly rate is the amount of money you receive for working one hour. You may need to calculate your hourly rate for your own budgeting, to compare pay rates for hourly and salaried jobs or to estimate your income for other applications.

What is a fair rate for mileage?

For 2020, the standard mileage rate for businesses will be 57.5 cents per mile, a decrease of 0.5 cents from 58 cents per mile in 2019. According to critics, the issue with these annually-fixed, national rates is that they do not account for variables such as location and fluctuating fuel prices.