Rideshare Insurance for Uber & Lyft Drivers
If you’re using your vehicle to deliver people to and from locations in exchange for money (commonly called rideshare), your normal auto insurance policy will not provide you coverage while you’re working in most cases. To be sure you’re covered, you will need a specialized insurance policy geared towards ridesharing. This insurance policy provides coverage while driving for any Transportation Network Company, such as Uber or Lyft, whenever Uber or Lyft does not cover your auto insurance.
This policy provides coverage for drivers who participate in ride sharing activities. A ride sharing activity can be described as someone who uses his or her own vehicle to drive passengers or property for a fee on behalf of companies like Uber or Lyft. This auto insurance policy applies to the stated coverages during the period of time when the driver is available for hire until the driver accepts a request for transportation of persons or property for a fee at which time, Uber’s or Lyft’s insurance policy takes over.
Basically, these insurance policies will cover the driver on a personal auto policy whenever the Ride Sharing Companies’ insurance does not cover them. Typically, those policies will cover their drivers once they are on the app and accept a ride.
- Uber Insurance
- Lyft Insurance