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What Happens if You Get Into an Accident with Lyft?

Today’s post comes from reader Tom, who contacted RSG to let us know his experience with Lyft’s insurance agent, Marsh Risk & Insurance Services. His story, outlined below, shows what can happen when you make a claim with Lyft’s insurance agent after an accident.

While Lyft and Uber do offer insurance coverage for drivers, in many cases it’s not sufficient during Period 1 (app on but no passenger in the car), which is why we recommend getting a rideshare endorsement to a regular auto insurance policy. It’s important to find an agent who understands rideshare drivers, which is why we’ve put together the Rideshare Insurance Marketplace.

New Lyft Driver - Earn 1500:week

Here you can find a list of insurance agents by state that are familiar with rideshare insurance and can help you find the best, most comprehensive auto insurance and rideshare coverage.

Click here to visit the Rideshare Insurance Marketplace.

What Happens If You Get Into an Accident with Lyft_.png

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Rideshare Insurance Options For Uber and Lyft Drivers

GEICO gecco with thumbs up rideshareWe’ve made a bunch of updates to our rideshare insurance page over the past few months, so if you’re looking for rideshare insurance, you can now easily learn about the options in your state.  There are still a few states that don’t have rideshare-friendly options, but there are new options being added every week so be sure to check back frequently.

If you’re not familiar with this topic, having adequate auto insurance coverage is very important.  As rideshare drivers though, you need to be especially mindful that you understand the risks and insurance limits in your state.  There are many states where there isn’t an officially recognized rideshare insurance policy and, although you may still be covered by Uber/Lyft, your personal insurer may drop you for being a rideshare driver.

Why Do I Need Rideshare Insurance?

Uber and Lyft only cover rideshare drivers during Periods 2 and 3.  Period 2 starts once you accept a ride request and are en route to your passenger, and Period 3 starts once your passenger gets into your car.  BUT when you’re online and waiting for a request during Period 1, you have no collision coverage from Uber or Lyft and much lower liability limits.  So as a rideshare driver, you’re most at risk during Period 1 since you won’t get any collision coverage from rideshare companies and your personal insurer likely won’t cover you during this time either.

Rideshare insurance solves this gap by covering drivers during Period 1, and additionally they won’t drop you for being a rideshare driver.  Some policies will even cover you during Periods 2 and 3 so you won’t be subject to Uber’s $1,000 collision deductible and Lyft’s $2,500 collision deductible.

I’ve covered this issue extensively, so if you want to brush up on the current state of rideshare insurance, here are some resources for you to review:

Over the past year, almost all of the major carriers have begun offering rideshare insurance policies for drivers.  This is great news since we no longer need to worry about being dropped by our insurance company, if we insure with a rideshare-friendly insurance company.

But changing insurance is obviously not a simple matter since many of us have policies across our homes, other cars, etc.  My hope is that one day all major carriers will offer rideshare-friendly policies but, until then, drivers will have to either switch insurers or assume the risk of going without a rideshare friendly policy.

I’d like to know what your current insurance situation looks like so please fill out this anonymous poll.

Do you have a rideshare specific insurance policy?

This post will continue to be updated with insurance information for each of the markets, but if you have conflicting info or would like to add to this page, please leave a comment below.  Additionally, if you have an agent that you’d like to personally recommend, don’t hesitate to reach out to me with their contact info.

 Find out what companies will insure rideshare drivers with our comprehensive database. If you're looking for rideshare insurance options, check it out.

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How Does Farmers Rideshare Insurance Work?

Farmers was the first insurance company to offer rideshare endorsements – an insurance mechanism which expands the applicability of your personal policy to prevent dangerous lapses in coverage. Although many other insurers have joined the rideshare party since then, Farmers remains a reliable and affordable option for drivers looking for some peace of mind on the road.

Wondering which is the right rideshare insurance for you? Our analysis of Farmers rideshare insurance, what it covers and more here -

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How Does Allstate Rideshare Insurance Work?

Harry here. Allstate rideshare insurance is offered in many states and is a popular option for drivers looking for cheap, all-around rideshare coverage. As we covered State Farm rideshare insurance here, and USAA rideshare insurance here, we also wanted to see what Allstate offers. Today, senior RSG contributor Jon Knope covers Allstate rideshare insurance, where you can get it, and what it may cost. 

If you’re looking for more rideshare insurance options, check out our Insurance Marketplace here for more options in your state. 

Allstate’s rideshare insurance offering – known as Allstate Ride for Hire – is available in a growing number of states, and it’s a popular choice for drivers looking for a cheap way to obtain good coverage while working for Uber and Lyft.

You probably already know having rideshare insurance is important, but how do specific companies cover you? We go over Allstate rideshare insurance here -

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Are You Covered for Injuries With Uber and Lyft Accident Insurance?

Harry here.  By now, most drivers know that rideshare insurance will protect their car in the event of an accident, but what if you’re injured?  Typically, Uber and Lyft’s insurance won’t provide coverage for injuries, but if the other driver is at fault, you could be entitled to a settlement.  The process and rules are extremely confusing though, and if you’d like to learn more, head to our new Uber Accident Lawyer marketplace for more info.

You‘re driving a passenger on a sunny Tuesday and, while stopped at a red light, a vehicle slams into you from behind. It’s a scary situation but unfortunately, the more you’re out on the road as a driver, the more likely you are to get into an accident.  You may be the best driver in the world but you can’t control other people’s actions.

Your passenger is hurt and you immediately contact the authorities. You also have pain in your neck and shoulder and need to get medical attention. What happens next?

Most drivers know rideshare accident insurance will protect their car, but what if you're injured? We break down what you should know here -

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