Travelers Rideshare Insurance for Ride-hailing Drivers

As a ride-hailing driver, you're likely no stranger to the risks associated with transporting passengers. You're on the road, exposed to potential accidents and theft. Travelers Rideshare Insurance can provide you with the peace of mind you need to focus on your business.

Travelers offers a specialized insurance policy designed specifically for ride-hailing drivers like you. This policy provides coverage for your vehicle, as well as liability protection in case of an accident. With Travelers, you can drive with confidence, knowing you're protected in case something goes wrong.

Travelers ride share insurance is available in Colorado and Illinois, though the company doesn't disclose pricing information.

The coverage offered by Travelers is limited, as it doesn't provide deductible gap coverage, which means policyholders will have to pay the Uber or Lyft deductible if they get into a crash while driving with a rideshare passenger.

Travelers car insurance has received great reviews from WalletHub editors, who awarded it 4.2 out of 5 stars, noting its excellent coverage options and online claims filing system.

Rideshare insurance, including Travelers' offering, increases a driver's coverage and lowers their deductible for accidents that occur when driving for Lyft, Uber, or similar companies.

Rideshare insurance is designed to fill gaps in coverage during a driver's shift. Typically, rideshare companies like Uber offer limited insurance protection while a driver is waiting for a ride request.

Rideshare insurance kicks in once a driver has accepted a ride and is carrying passengers. This is when a personal policy with rideshare insurance and a rideshare company's insurance would primarily apply during a shift.

Here's a breakdown of when different types of insurance apply during a shift:

Damage to your car from an accident is covered by the ridesharing company only if your personal policy includes comprehensive and collision insurance.

Rideshare insurance is a crucial aspect to understand for drivers like you. It's not just about having insurance, but also knowing when and how it kicks in.

Typically, rideshare companies offer insurance protection once a driver logs into the app, but coverage is limited until a ride request has been accepted. This means you're still responsible for your own insurance during this time.

Here's a breakdown of when a personal policy with rideshare insurance and a rideshare company's insurance would primarily apply during a shift:

Rideshare insurance provides minimal coverage while you have the app on and are waiting for a request. More complete coverage kicks in once you've accepted a ride and are carrying passengers.

If you have full coverage and damage your car while ridesharing, you'll need to pay Lyft or Uber's deductible, which is your share of repair costs, before their insurance pays out. Both companies have a $2,500 deductible, so it's essential to understand the specifics of your policy.

Coverage kicks in at different times during a rideshare shift. Here's what you need to know:

When you turn your app off, your personal policy with rideshare insurance is in effect. This means you're covered for accidents or damages, even when you're not actively driving for a rideshare company.

Once you turn your app on and start waiting for a ride request, your personal policy still applies, but with a twist: you're only covered for liability to others, not damage to your car. This limited coverage remains in effect until you accept a ride request.

As soon as you accept a ride request and start en route to pick up a passenger, your personal policy with rideshare insurance is no longer in effect. Instead, the rideshare company's insurance (such as Uber or Lyft's) takes over, providing more comprehensive coverage for you, your passengers, and their property.

Here's a breakdown of when different types of coverage apply:

This table shows when each type of coverage is in effect during a rideshare shift. Keep in mind that your personal policy with rideshare insurance may have its own set of rules and exclusions.

Our rankings of the best rideshare insurance companies are based on three key factors. WalletHub editor ratings play a significant role in determining the top companies.

The number of states where rideshare insurance is available is also a crucial consideration. Companies that offer rideshare insurance in more states tend to rank higher.

Special consideration is given to whether a company offers deductible gap coverage. This feature can provide an extra layer of protection for drivers.

Editor ratings are used as a tiebreaker if needed. This ensures that companies are held to the same standards, even if they don't offer every feature.

Progressive offers a rideshare insurance option that can be added to your personal auto policy, which may be a good choice if your rideshare company doesn't require a commercial policy.

This endorsement can be added to your policy by calling 1-888-806-9598 and speaking with a licensed personal auto professional.

State Farm's rideshare insurance costs around 15 to 20 percent more than your current premium, but the exact cost depends on your coverages, discounts, and other rating factors.

If you're driving for a luxury rideshare service, you might consider a black car livery policy.

Here's when a personal policy with rideshare insurance and a rideshare company's insurance would primarily apply during a shift:

In most states, if you get in an accident while picking up or driving a passenger, Uber's or Lyft's insurance will provide up to $1,000,000 in liability coverage to pay for injuries and property damage you cause.

Travelers rideshare insurance can be a lifesaver for drivers who want to protect themselves and their vehicles while on the job. The cost of rideshare insurance varies, but it's often less than $25 per month, according to Example 4.

To give you a better idea, here are some examples of how much rideshare insurance costs from different companies: CompanyCostFarmers and Erie$6 to $25 per monthAllstate$15 to $20 per year

The cost of rideshare insurance also depends on your personal auto policy and any discounts that may apply, as mentioned in Example 1. It's a simple way to extend the limits and deductibles from your personal auto policy to cover you while driving for a TNC.

Rideshare insurance can help protect you from the time you turn your app on until you deliver your passenger, as explained in Example 2. This coverage can be a game-changer in case of an accident, as it may help pay for damage to your car.

If you get in an accident while driving for Uber or Lyft, the ridesharing company's insurance will provide up to $1,000,000 in liability coverage to pay for injuries and property damage you cause, as stated in Example 6. However, if you're waiting for your next ride request, you'll only have liability coverage, which means injuries and damage you cause to others and their property are covered, but damage to your car is not.

To determine your actual rates for rideshare insurance, it's best to contact companies that offer rideshare insurance near you, as mentioned in Example 7. This will give you a more accurate quote based on your specific situation.

Rideshare insurance is a type of car insurance that increases a driver's coverage and lowers their deductible for accidents that occur when driving for Lyft, Uber, or similar companies, as explained in Example 8. Without a rideshare insurance policy or a rideshare add-on, a driver's personal car insurance will not apply when they are online with the app.

If you're a rideshare driver, you might be wondering about your insurance options. Fortunately, there are several ways to get covered. One option is a commercial for-hire livery policy, which is typically reserved for businesses that transport people, like luxury vehicle or taxi services. However, rideshare drivers can also qualify for this type of insurance because they generate income from transporting passengers.

The cost of a commercial for-hire livery policy can be higher than other insurance options, but it can cover you for both business and personal use. This can be a good option if you're already driving for a ride-hailing service and want to combine your personal and business insurance into one policy.

One company that offers commercial for-hire livery insurance is Progressive. They have a process in place to add a rideshare endorsement to your policy, which can be a convenient option if you're already working with them. They also offer a black car livery policy for drivers who work with exclusive luxury rideshare services.

Here are some key details to consider when thinking about a commercial for-hire livery policy:

Ultimately, the best insurance option for you will depend on your specific situation and needs. It's always a good idea to shop around and compare rates and coverage options before making a decision.

Shopping around for car insurance is a must, especially when it comes to rideshare insurance. You can't just stick with your current insurer without comparing quotes from other providers.

Even if your current insurance company offers rideshare insurance, it's essential to check if its competitors are offering a better deal on the coverage you want. This is because the availability and coverage options for rideshare insurance can be complex and may vary even within your state.

You can start by calling the major car insurance companies that offer rideshare insurance, such as State Farm, Progressive, Geico, Allstate, and Farmers. These companies have dedicated phone numbers for rideshare insurance quotes, which you can find in the list below.

By shopping around and comparing quotes, you can determine which company can give you the best rate for your needs.

Travelers Rideshare Insurance can be a lifesaver, but it's essential to plan ahead.

For a smooth experience, make sure to check your policy's coverage limits and deductibles before each trip. This way, you'll know exactly what's covered and what you're responsible for in case of an accident.

To avoid any last-minute surprises, review your policy documents carefully and ask questions if you're unsure about anything. Many policyholders have reported that this simple step saved them from costly misunderstandings.

Remember, the key to a stress-free trip is preparation.

As you're using ride-hailing services like Uber and Lyft, it's essential to understand their insurance coverage at different stages of the ride.

During the initial stages, when the app is off and you're using your personal vehicle, there's no insurance coverage provided by Uber or Lyft. This is when your personal car insurance policy kicks in.

The moment you turn on the app and start waiting for a pickup, the ride-hailing company's insurance coverage activates, providing $50K per person bodily injury liability, $100K per accident bodily injury liability, and $25K per accident property damage liability.

Here's a breakdown of the insurance coverage by period:

$100K per accident bodily injury liability

$25K per accident property damage liability$50K per person bodily injury liability

$100K per accident bodily injury liability

$25K per accident property damage liabilityNo coverage2 – App On: Pickup$1M for 3 party liability

Uninsured/underinsured motorist bodily injury

MedPay or PIP

Comprehensive and collision with a $2.5K deductible$1M for 3 party liability

Uninsured/underinsured motorist bodily injury

Comprehensive and collision with a $2.5K deductibleNo coverage3 – App On: During Ride$1M in liability coverage

Uninsured/underinsured motorist bodily injury

Comprehensive and collision with a $2.5K deductible

MedPay or PIP$1M in liability coverage

Uninsured/underinsured motorist bodily injury

Comprehensive and collision with a $2.5K deductibleNo coverage

Keep in mind that Uber and Lyft's insurance coverage types and amounts can vary by state, so it's essential to check your local regulations.

Planning for the worst-case scenario is crucial when it comes to your financial security. If you drive for Lyft and can't afford the $2,500 deductible in the event of an accident, buying extra rideshare insurance is a good idea.

This is especially true if you rely heavily on Uber or Lyft for income. The additional coverage is likely worth it to protect your financial stability.

Remember, accidents can happen to anyone, and being prepared can make a huge difference.