Rideshare Insurance

Coverage Options Available:

Some insurance companies have developed policies that explicitly cover Uber and Lyft vehicles, drivers and passengers. Fortunately, many of these policies are available in Texas. Some of the policies are comprehensive, covering you whether you are on personal errands or on the clock for Uber or Lyft. Other companies provide an endorsement for your exiting auto policy that covers you when waiting for call from a rideshare customer. Our insurance specialists will match your existing auto policy with the appropriate rideshare insurance to provide the best protection.

Other Considerations for Rideshare Insurance

You may already have a commercial policy that covers your rideshare driving, as policies or endorsements for rideshare drivers have only been around for a few years. You may wish to explore a rideshare policy, as this type of insurance could cost you less. Our agency can help you determine your best options.

When your car is not covered by a rideshare service

With any rideshare insurance policy, you’ll likely have no coverage for damage to your vehicle in two instances:

The period between signing into the app and matching with a passenger
The period after you’ve dropped off a passenger but you’re still logged in and are waiting to match with another passenger

That means if you’re in an auto accident with an object, vehicle or animal, or if your car was stolen or vandalized during one of those instances, your rideshare policy won’t cover physical damage to your vehicle.

Do I need Rideshare insurance for Uber, Lyft, or other companies?

Driving for a rideshare service such as Lyft or Uber is a great way to earn extra income using your personal car. But, when you consider the pros and cons of doing this work, it is important that you first consider your liability and risk.

Rideshare insurance covers you while driving passengers for any rideshare service. While companies like Uber and Lyft offer some insurance protection, your coverage may be limited while you’re waiting to match with a rider. Many auto insurers, including Progressive, offer rideshare coverage that can be added to your personal auto policy in most states.

Does your personal auto insurance cover you in an accident or other event while you are driving a rideshare customer?

The quick answer to that question is usually, “no.” That is why drivers must investigate the coverage provided by the rideshare company and ensure that they are covered against all possibilities.

We make sure Uber and Lyft drivers are protected against risk while on the job. Personal vehicle used by rideshare drivers are not part of commercial livery fleets, and therefore not automatically covered by the usual commercial insurance that covers taxis and limousines.

Why Do You Need Rideshare Insurance?

The main reason you need rideshare insurance is that the coverage provided by Uber and Lyft only cover you when you are actually driving the customer or when you are either on your way to pick up a customer or. It does not cover you fully when you are waiting for a call. This means if you have an accident while awaiting a call, rideshare insurance may not cover all your costs. The chances that your personal car insurance will cover you are even less.

Another reason you need rideshare insurance is that your personal car insurance company could cancel your policy or raise your rates significantly if you try to make a claim after an uncovered accident. This could affect your ability to drive; you do not want to risk it.

Call 512-339-1515 or get a free online quote today

Learn how a rideshare policy can protect you while driving for Uber or Lyft. We offer free quotations and insurance advice.