Lyft drivers have a new ridesharing insurance option covering all three ridesharing periods and offering liability coverage with the option to add additional coverages.
Those changes came to light on Monday with the introduction of a new product, approved by Insurance Commissioner Dave Jones.
The coverage is available beginning Oct. 15.
“As demand for ridesharing services increases, making sure ridesharing drivers are able to obtain insurance to protect themselves, their passengers and pedestrians has been a top priority,” Jones said in a statement.
MetLife Auto & Home’s product is the first to offer a personal auto policy designed for Lyft drivers that provides coverage for drivers at every stage of the ridesharing transaction—while the driver is waiting for a passenger request, is en route to pick up a passenger, and during the trip with the passenger, according to Jones.