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.
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.
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?
Harry here. 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, senior RSG contributor Jon Knope takes a look at State Farm’s rideshare insurance policy. For a full listing of rideshare insurance options in your state, head over to our Insurance Marketplace.
State Farm is a major player in the rideshare insurance business, and they offer a unique type of coverage. More importantly, State Farm’s rideshare insurance policies are being offered in a growing number of states – and they’re already a popular choice for many renters and homeowners.
If you’ve already got State Farm insurance for something else, you may find it quite affordable to bundle in a rideshare insurance policy. Here, we’ll talk about how State Farm’s rideshare policies work, how much they cost, and how they stack up to other rideshare insurance providers.
Harry here. Rideshare insurance is one of the topics we get asked about most frequently here on the blog. Today, RSG senior contributor Jon Knope takes a look at the 11 most frequently asked questions about rideshare insurance. If you’d like to sign up for rideshare insurance, or talk to an agent and get a quote, please click here.
Car insurance can be an overwhelming topic and adding Uber and Lyft into the mix just makes it more so! Here, we’ll answer some questions we get from new drivers and seasoned veterans alike. If you’ve been ridesharing for a while but still aren’t 100% clear on the insurance issue, give this a read – and let us know if we missed anything!
1. Don’t Uber and Lyft provide insurance?
Rideshare driving is divided into three periods: period one is when you’re online waiting for requests, period two is when you’ve accepted a request and are en route to pick up the passenger, and period three is when you’ve acquired the passenger and are driving to their destination.
During period one, you won’t receive any collision coverage – and the liability limits are much lower than normal. One nasty accident could quickly exceed them, putting you on the hook for many months’ worth of earnings. During periods two and three, Uber and Lyft provide commercial insurance with $1 million in liability but $1,000 deductible on Uber and $2,500 deductible on Lyft.
Another issue is that personal insurers reserve the right to nullify your coverage entirely if you violate their terms and using your vehicle for commercial purposes (such as Uber, Lyft, or food delivery) is one such violation. If (or when) your personal insurer finds out you’re a rideshare driver, they might drop you from your policy and/or deny coverage.
See more reasons to get rideshare coverage here.