Uber & Lyft car and driver insurance can be a confusing topic, one that many drivers ignore. However, it’s important to pay attention to the insurance options out there. If you haven’t looked into Uber car insurance recently, you should, as many companies have expanded the Uber driver insurance (and Lyft!) options they have for drivers. RSG contributor Melissa Berry rounded up the current rideshare insurance options nationwide below.

Uber Insurance: Do You Need It?

Uber insurance can be confusing, complicated – and easy to ignore. After all, we as drivers are covered by Uber and Lyft, right? Yes – to a degree. But there are times when we are not covered or we’re not covered fully.

During period one (app on but no passenger in car), drivers are not covered at all by rideshare policies.  And when you are en route (period 2) or on a trip (period 3), you’re covered by Uber and Lyft but there are deductibles to worry about. For Uber, your deductible is $1,000 and for Lyft the deductible is $2,500. This means you have to pay $1,000 – $2,500 before Uber or Lyft will cover you. Also, deductibles only apply to physical damage, not liability claims (h/t to reader Matt for this clarification).

So do you need car insurance for Lyft and Uber? In short, yes. If you want to be fully covered as a rideshare driver, you should get insurance. You can find a list of insurance providers in your state here, and we recommend you contact as many as are on the list so you can get the best coverage at the lowest price. It pays to shop around!

What else should you know about Uber insurance (and Lyft) providers? We’ll break down what you need to know about Uber car insurance, plus outline the different rideshare insurance options out there. You can decide which provider is best for you, then contact them for a quote.

Uber insurance

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Rideshare insurance can be a complex topic, but as more carriers launch policies, there are more options and resources available for drivers every day.  Today, RSG contributor Melissa Berry takes a look at GEICO’s rideshare insurance policy.  For a full listing of rideshare insurance options in your state, head over to our Insurance Marketplace.

GEICO is a major player in the rideshare insurance business, and they offer a unique type of coverage. Called “hybrid insurance”, GEICO offers insurance to part-time and full-time drivers with little restrictions, plus GEICO also covers food delivery (which is rare among auto insurers). This means if you drive for delivery and rideshare (which we recommend), your GEICO policy will have you fully covered.

GEICO offers rideshare insurance policies in a number of states, and in addition to offering rideshare insurance, GEICO also offers many other insurance policies, including homeowner’s and renter’s insurance.

If you already have a GEICO policy, you might find it’s easy and affordable to get a new rideshare policy. We’ll cover how GEICO’s rideshare policy works, how much it may cost you, and how it stacks up to other rideshare insurance providers.

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