Calling something reliable means you can count on it to come through when you need it; it's dependable. If you're headed out for an around-the-world sailing trip, hopefully your lifejacket is reliable.
You can certainly rely on something reliable because it's trustworthy and responsible. Reliable people usually show up on time, never flake out, and always tell the truth. A reliable car isn't likely to break down and will get you from place to place safely. And if you happen to lose your trusty sidekick, good luck looking for a reliable replacement.