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.
Related:
Was this article valuable?
Here are more articles you may enjoy.
Worst Start to Wildfire Season Raises Alarm as El Niño Threatens 
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’ 
Florida Governor Signs Bill Dropping Building Permits for Work Valued at $7,500 or Less 
New York State Has Budget Deal That Includes Auto Insurance Reforms: Gov. Hochul 
