Rideshare Drivers Take ‘Huge Risk’ with Personal Auto Coverage: GEICO

April 17, 2017

  • April 17, 2017 at 10:36 am
    News? says:
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    This is news? This is nothing but a Geico commercial without the lizard.

    • April 24, 2017 at 10:10 am
      Jack says:
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      AND more than likely if it’s insured with the lizard it has state min limits on the car anyway. Good luck with that.

  • April 17, 2017 at 1:27 pm
    jtownagent says:
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    Why doesn’t Mr. Powell just come right out and say there is likely no coverage under a personal auto policy for the ride sharing exposure? His vague answer leads many to continue to think that there may be some coverage under a personal auto policy, or that GIEGO’s personal auto policy will cover the ride share exposure.

    If you click on the link, it takes you to GEICO’s commercial policy. While I am not a GEICO proponent, at least GEICO is indicating they may take on this exposure under a commercial policy. This is more than can stated for most of the insurance companies our agency represents who don’t want the exposure at any cost.

    • April 17, 2017 at 6:16 pm
      Samantha says:
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      The policy is written through the commercial department and covers personal and rideshare exposure. GEICO’s personal policy does not cover it but they can’t say that as a definite statement. There are always exceptions. Overall GEICO’s rideshare policy is the best way to cover you. The policy never stops covering you. Unlike riders from other companies. Call and speak with an agent, they will tell you the same thing.

    • April 17, 2017 at 6:21 pm
      Samantha says:
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      IF you know anything about insurance, they don’t give definite statements. So NO he is not going to come out and say it. Plus that’s not his department to make that call. Every claim is up to the adjuster at the time of the accident and every accident is different.

    • April 18, 2017 at 2:51 pm
      Response says:
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      I do not think we can give an one answer if coverage would apply or not. It depends on the circumstances and the State where the accident took place. Sorry it is not that simple.

  • April 17, 2017 at 2:23 pm
    Nancy says:
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    My vehicle was almost hit on Saturday by a young woman pulling out of a gas station driveway and almost hitting me. She then passed me on the street and pulled in front of me, which is when I saw two passengers in the back seat and LYFT on her back window. Being impatient & inexperienced doesn’t add up to a good ride. Not saying everyone drives like this, but it’s no wonder carriers don’t want to insure this type of usage.

  • April 17, 2017 at 3:26 pm
    WyomingAgent says:
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    Farmers added a rideshare endorsement last year. With this endorsement, your personal auto policy stops coverage as soon as you turn your app on to take rides and begins coverage again when you turn your app off. While you are doing your rideshare thing, that companies policy provides your coverage for you car. READ IT CAREFULLY!!

    • April 17, 2017 at 6:19 pm
      Samantha says:
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      The rideshares policy does not always cover you when you are working, so check with their insurance company. When you turn on the app is where your gaps start. But you are right about Farmers. Read the policy. GEICO’s rideshare is a policy. Not an Endorsement

    • April 18, 2017 at 2:53 pm
      Response says:
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      I think this will be available endorsement on a State by State level. I am sure there are certain states DOI that will not approve this endorsement (such as California).

  • April 18, 2017 at 3:41 pm
    UW says:
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    People actually sharing rides have little risk; people operating businesses with their cars and charging riders, but only carrying personal insurance and no business insurance run a high risk. The same applies to most uninsured businesses.

    • April 21, 2017 at 12:35 pm
      CL PM says:
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      Thank you, UW. The term “ridesharing” is very misleading. My mother did not teach me to “share” for a price. The Lyft and Uber drivers are not sharing anything.

  • April 24, 2017 at 11:43 am
    Eddie Hall says:
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    If someone hit me and were insured with GEICO I would be scared to death. They will go to extreme measures to find a way not to pay.

    • April 26, 2017 at 1:46 pm
      mg says:
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      Don’t they all?

  • April 24, 2017 at 12:40 pm
    Debra Alexander Fisher says:
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    This is a real article. Read most of the personal auto policies. There is an exclusion for “ridesharing” usage.



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