Rideshare Insurance

by Harry Campbell on March 29, 2019 463 Comments

Rideshare Insurance – Best Options for Uber & Lyft (By State)

Best Car Insurance Options for Uber Drivers and Lyft Drivers

If you’re looking for rideshare insurance, we’ve made it easy to learn about the options in your state on the page below. There are still a few states that don’t have rideshare friendly options, but we keep this page updated as new options are added every week, so be sure to check back frequently!

If you’re just learning about rideshare insurance and not sure why you need it, it’s because as a rideshare driver, you need to be especially mindful about 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. You don’t want your income stream cut off before rent is due next month!

Start driving for Uber and Lyft

Click here to sign up to drive for Uber and Lyft

Uber Accident Attorney

Read out Uber Accident Lawyer page to learn how to handle rideshare insurance after an accident.

Life Insurance

Check out Ladder life insurance for rideshare drivers

Why You Need Commercial Auto Insurance When Driving for Uber and Lyft

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 insurance for rideshare, here are some rideshare insurance resources for you to review:

Is Rideshare Insurance Available in Your Area?

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.

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Uber and Lyft Driver Insurance Options

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by Harry Campbell on March 22, 2019 189 Comments

Steps Lyft & Uber Drivers Should Take After a Car Accident

If you’ve recently gotten into an accident while driving for Uber/Lyft, we recommend speaking with Bryant Greening, an attorney at LegalRideshare – (312) 767-2222. Head to the Uber Accident Lawyer page to learn more.

If you want to purchase Uber and Lyft car insurance, see our Uber and Lyft rideshare insurance marketplace. Or click here to purchase Uber life insurance.

Uber & Lyft Drivers: What to do when you get into a car accident

I get e-mails all the time from drivers who get into accidents while driving for Uber and Lyft and have no idea what to do. Unfortunately, accidents do happen and instead of waiting until it’s too late, I can’t stress how important it is to take a proactive approach and figure out what you need to know ahead of time.

As with many things in life, it isn’t a matter of “if” but a matter of “when”. When the time comes and you have an accident while rideshare driving, you will want to be prepared. You can ignore the risk and pretend that you’re the best driver on the road, but at the end of the day, the more you drive, the more likely it is that you will get into an accident.

What should you do if/when you get into an accident while driving for Uber or Lyft

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by Melissa Berry on February 26, 2019 Leave a Comment

Uber Insurance – Which Company Offers The Best Policy?

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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by Christian Perea on February 21, 2019 Leave a Comment

TLC Insurance – What NYC Drivers Need To Know (Inshur Review)

This post is sponsored by Inshur. If you’re looking for commercial insurance in NYC that is TLC compliant and want to get a quote without having to step foot in an office, check out the Inshur app. Also, drivers in NYC can get 10% off of their quote if they sign up for a Nexar Dashcam ($49) on their checkout screen! (Use VIP CODE: RSG)

TLC Insurance

Every year drivers in New York City spend upwards of $3,000 to obtain commercial insurance. This commercial insurance is called TLC insurance and is required by The Taxi & Limousine Commission (TLC) to obtain a TLC permit. The TLC permit is required to give your first ride in NYC, which makes commercial insurance expensive and necessary.

Getting a quote for TLC insurance is often an archaic process. You have to go into an insurance office, fill out some paperwork, and get a quote. Then rinse and repeat if you want to compare policies and costs. It’s something I have absolutely zero desire to do whatsoever.

Inshur’s app aims to address this problem. They’re the first in New York City to let drivers get a quote and sign up for a commercial TLC insurance policy with just an app on their phones.

Regardless of who you decide to use for your commercial insurance, I think at least getting a quote from the Inshur app is smart. That way you are armed with a baseline on pricing while searching for your next policy.

TLC Insurance

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by Melissa Berry on January 20, 2019 7 Comments

Got In An Accident While Driving for Lyft – What Happens Next?

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 a Lyft 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.

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. Or click here to get Lyft life insurance.

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