Farmers Launches Rideshare Insurance Coverage in Georgia

Farmers Insurance has introduced new rideshare insurance coverage for drivers in Georgia.

According to Mariel Devesa, head of product innovation for Farmers Insurance, the coverage is available to ridesharing drivers as part of their Farmers personal auto insurance policies.

Farmers worked with representatives of the Georgia Office of Insurance and Safety Fire Commissioner, legislators and leaders of Transportation Network Companies (TNCs) to develop a product specifically designed for ridesharing drivers and make available a type of insurance coverage specified in Georgia’s ridesharing law, passed in 2015.

Farmers is now offering ridesharing coverage in 18 states.

Under the new Georgia law, ridesharing drivers will be required to have insurance coverage from the moment they turn on their rideshare app. Since personal automobile insurance policies generally were not designed to provide ridesharing drivers with coverage while they are working, the introduction of this new coverage will fill a potential gap in coverage.

Farmers Rideshare Insurance Coverage can provide Farmers customers coverage when a driver turns on the ridesharing application and during the time the driver is awaiting a match. The Farmers Rideshare Insurance Coverage will extend a driver’s Farmers auto insurance coverage until they accept a ride, at which point their TNC affiliate’s commercial insurance coverage would apply.

Farmers Rideshare Insurance Coverage enables a driver to select the coverage that fits their needs; including comprehensive and collision coverage that can pay for damages to their own vehicle, uninsured/underinsured motorist coverage (in case they are hit by a driver who isn’t insured or is underinsured), and medical payments coverage.

Topics Georgia New Markets Agribusiness