We’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:
- Why Do I Need A Rideshare Insurance Policy?
- How To Handle Insurance After An Accident
- Rideshare’s Little White Lie
- Podcast: Everything You Need to Know About Rideshare Insurance
- Youtube Video: What Do Drivers Need to Know About Rideshare Insurance?
- All of our insurance articles
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.
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.
