Few Rideshare Drivers Have Insurance, But Interest is Growing

By | February 29, 2016

  • March 1, 2016 at 1:17 pm
    steve says:
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    I can’t believe the writer doesn’t include some generic info about what insurance the rideshare companies provide, since the majority of the drivers don’t have any

    • March 1, 2016 at 1:37 pm
      Don Jergler says:
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      Hi, Steve, thanks for the comment. The majority of people who read Insurance Journal are professionals who are typically aware of what products are out there. However I may take that into consideration on the next article in case there may be readers who are unaware of the options.

  • March 3, 2016 at 12:38 am
    Agency says:
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    You would think the rides hare companies would require their drivers to have insurance. Something is wrong with this picture.

  • March 7, 2016 at 8:18 pm
    lyft driving agent says:
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    Agreed, information here is incomplete and the article seems to imply that the policies carried by Uber and Lyft and its drivers are inadequate. Both Uber and Lyft require drivers to provide proof of liability insurance. When the application is activated, Uber/Lyft’s liability insurance applies and provides direct primary coverage. When the application is not active, there is no livery exposure and presumably an unendorsed personal policy is sufficient. I see no gap at all with respect to liability; why do I need a special endorsement? Additionally if a driver buys physical damage insurance for himself, Uber/Lyft’s policies provide physical damage to the driver on a direct primary basis when the app is on. As a footnote I buy from Mercury here in CA because they allowed me to disclose that I drive for Uber and Lyft, and I like to be forthright.

  • April 7, 2016 at 1:53 pm
    TeiluJ says:
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    During period 1, there seems to be a conflict with who will cover the driver. There IS limited coverage from the rideshare company, but it is only for liability. This means that if you get in an accident during this time, the Uber/Lyft/Other company insurance only covers medical payments of the other party involved. Your own medical payments and property damage-related costs are not covered because there is no comprehensive and collision from your personal auto insurance nor from the Rideshare Company.

    There is Rideshare Insurance available now in some states through AIS Insurance. Rideshare Insurance is available in: Arizona, California, Florida, Georgia, Illinois, Michigan, Nevada, New Jersey, New York, Oklahoma, Pennsylvania, Texas and Virginia.

  • October 31, 2016 at 9:51 am
    Phillip says:
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    Here is my angst of the whole lyft-uber craze.
    Yes it is less expensive for the rider, compared to a taxi why?
    A taxi is regulated (very costly) to have vehicle inspections, purchase additional licenses from various states (I am in Michigan)
    If one form of transportation Uber-Lyft is not obligated to comply within a certain industry regulation should the regulation be abolished completely?
    Before some on says Uber is not a taxi, please understand.
    if a vehicle is used to transport person fro hire and or a far… its a taxi!?
    Rules for taxis were place to protect the consumer (passenger)UBER does not need to comply with many because they do not own the car.



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