Tips for Getting the Best Auto Insurance as a Rideshare Driver

Securing appropriate auto insurance is crucial for rideshare drivers like you. The unique nature of rideshare driving means that standard personal auto insurance policies may not provide enough coverage.

Understanding Rideshare Insurance

Rideshare insurance is designed to bridge the gap between personal auto insurance and the coverage provided by rideshare companies like Uber and Lyft. These companies typically offer insurance coverage while you are logged into their apps and actively driving passengers. However, this coverage often has gaps, particularly when you are logged into the app but have not yet accepted a ride. This period, known as “Period 1,” is where many personal auto insurance policies do not provide coverage, leaving you vulnerable.

To address this gap, many insurers offer rideshare insurance policies or endorsements that can be added to your existing policy. These policies provide coverage during all phases of rideshare driving, ensuring that you are protected whether you are waiting for a ride request, en route to pick up a passenger or transporting passengers.

Evaluating Your Coverage Options

When shopping for rideshare insurance, carefully evaluate your coverage options. Review the coverage provided by your rideshare company, understand the limits and exclusions of this coverage, and identify any gaps that need to be filled by your personal policy. For example, rideshare companies often provide liability coverage during Period 1, but this may not include comprehensive or collision coverage for your vehicle.

Consider the different types of coverage available through rideshare insurance policies. Liability coverage is essential for protecting you against claims from third parties in the event of an accident. Comprehensive and collision coverage can help pay for repairs to your vehicle if it is damaged in an accident, regardless of fault. Additionally, uninsured/underinsured motorist coverage can protect you if you are involved in an accident with an at-fault driver who does not have adequate insurance.

Compare quotes from different insurance providers to find the best rates. Remember that factors such as your driving record, vehicle type and location can all impact your premium.

Contact Us

Contact Select Insurance for a rideshare insurance quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.