Marcari, Russotto, Spencer & Balaban
Free Consultations: (888) 351-1038
Blog

What Are the Insurance Options for Rideshare Drivers?

Ridesharing companies such as Uber and Lyft are booming, providing low-cost transportation options and flexible employment throughout the world. Despite the growth, however, insurance issues have challenged these companies and their drivers from the beginning, because traditional auto insurance policies did not fit the rideshare model. It became clear that insurers would need to come up with a way to cover drivers operating a vehicle under different circumstances, here is what some have done:

  • Personal use — The driver is in his or her own car, driving for his or her own purposes. Personal insurance covers the driver for injury and liability.
  • Driver turns on the rideshare app — The driver is now open for business. At this point, personal insurance doesn’t cover the driver, who is offering a professional service. The rideshare company provides liability protection of $50,000 for an individual, $100,000 for an accident and $25,000 for property damage, but does not cover the driver for injuries.
  • Driver has received a pickup request and is en route — Rideshare companies now provide comprehensive coverage including collision and liability coverage up to $1 million.
  • Driver has a passenger in the car — Comprehensive coverage of $1 million continues until the passenger is dropped off.

So, there was a gap in coverage for the rideshare driver when the app was turned on. An accident at this point was costly to drivers, who were not covered for their own injuries or the damage to their car.

Fortunately, the insurance market has responded with plans specifically tailored to rideshare services.  Insurance companies throughout the country are offering changes to personal auto insurance policies that cover rideshare drivers. For only a few dollars a month, a rideshare driver can close the gap and get comprehensive protection behind the wheel. Insurers participating in these plans in the areas we serve include Allstate (SC), Eire (VA), and Geico (SC, VA).

Marcari, Russotto, Spencer & Balaban represents clients injured in auto accidents anywhere in Virginia, North Carolina and South Carolina. Our attorneys have more than 200 years of combined experience. Call us at (888) 351-1038 or contact us online to schedule a free consultation.

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

What our clients say
Reviews
Reviews
  • lawyers
    5.0/5.0

    Really appreciated all of the foot work this firm put in.

    Read more

    Client

  • lawyers
    5.0/5.0

    Definitely recommend this law firm '5 starts'. I received constant updates on my case and I feel this firm works hard to achieve customer...

    Read more

    Client

  • google
    5.0/5.0

    The attorneys were very fast and they always kept me up to date on my case. They were very friendly and answered all my questions.

    Read more

    Brandon Jackson

  • google
    5.0/5.0

    The attorneys were very fast and they always kept me up to date on my case. They were very friendly and answered all my questions.

    Read more

    Brandon Jackson

  • yelp
    5.0/5.0

    RYour help and patience in every way has been nothing short of amazing. Ryan and you Kristen had helped changed my life. Could not have happened...

    Read more

    Charles H.

See all reviews
Get excellent legal representation at an office close to you.
  • This field is for validation purposes and should be left unchanged.
Call for free consultation

(888) 351-1038


Questions?

Our trained operators are ready to assist.

Start Chat
Offices serving North Carolina, South Carolina & Virginia

Available 24/7 — We’ll come to you

View all locations
back to top