Rideshare insurance
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do some googling. uber's insurance will disown you unless something happens with a passenger in the car. rideshare policies cover your risk when you have the app on with no passenger, and on your way to a passenger.
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this is on the uber page, I read it as we are insured by uber as soon as we click online....
https://newsroom.uber.com/insurance-for-uberx-with-ridesharing/
https://newsroom.uber.com/insurance-for-uberx-with-ridesharing/
Uber claims to cover you if you are online, who knows if they actually will. You have to carry regular insurance for Uber to cover you. And they say they will cover you for collision if you carry comprhensive on your personal insurance.
Your personal insurance will not cover you while app is turned on unless you buy extra coverage.
Your personal insurance will not cover you while app is turned on unless you buy extra coverage.
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351 Posts
Gotta have rideshare ins to be 'officially' covered by Geico if you app is even ON. Yes app even on, or you risk not being covered even if you have no passengers during a fender bender. I have a newer ford focus (car loan - yes) and my geico insurance rates went down a few bucks when i switched over. You will actually be switching to geico commercial insurance. My deductible also remained the same.
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I was told they do not offer rideshare ins. in Florida... is commerical different than rideshare?
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With geico, rideshare coverage is only available via a commerical policy (at least here in KS), they actually cancelled my standard policy and converted me to commerical. My rates went down a couple of bucks also. After researching this issue i discovered rideshare options vary from state to state. If you want to know for sure - contact your current insurance provider and ask them if you're covered if the app is even ON, or you have a passenger (either or scenario), Let them know your thinking about driving for uber, and you want to check this out. Ive heard of people being cancelled by their insurance companies and denying claims if they find out someone was uber-driving without the proper coverage. Just advice here - but dont risk it, if someone is injured or you totally jack your car you risk no coverage (or denied) even if the app is on. (Ive also heard ins companies can request uber on/off app records also if they want to).
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When I first started driving I did call Geico and say I am thinking of doing uber and they said that they do not insure it. That was 5-6 months ago. I wounder if this new law will change anything. If not I have no choice to quit.
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I am afraid to call Geico again..but.....I just got a quote from Formost which is the only one in Fl that offers it. I pay 140.00 a month now with FULL coverage like 100-300k and all. Formost wants a downpayment of 334.00 and 341.00 a month...More than double. I only work P/T so that is not an option
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I go nothing when called progressive, as well, farmers and state farm, all more expensive than progressive
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I added it to my existing Farmers policy, increased $35 a month. It's apparently good for both of my cars, even though I only use one part time for ride sharing. From what my agent told me, this is needed for when you are logged onto Uber/Lyft but don't have a rider. Not sure how they could prove you weren't just driving privately, but I didn't want to risk it.
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I use Shelter Insurance (out of Columbia, MO). My agent stated they do not offer Rideshare insurance. I voluntarily increased my coverage considerably however (peace of mind thing). We talked about "phases" that are covered -- Phases 1 and 2 are good to go with Shelter, but Uber Commercial Insurance must take Phase 3 (you are actively transporting the rider). Fortunately Shelter did not demand any additional premiums because I'm driving Uber. It wouldn't matter if I was part-time or full-time to them either. I've been with Shelter for about 18 years, and they've been pretty good to work with. Qualitatively they do well, and I've never felt screwed over by them. I imagine if you ask for a quote, it'll be cheaper than the other companies because they haven't decided to force a Rideshare policy on anyone at this point.
My agent from Shelter explained that if I was going to drive with Uber/Lyft, I would need a commercial insurance plan to cover Phase 3 (transporting the rider), when I was driving. Rideshare plans apparently boost insurance coverage in a broad manner, and it seems like a scam to me. As long as you're okay with the commercial insurance Uber offers, then you're good with your own policy covering Phases 1 and 2 -- depending on which company you are with. If you want something different, you can use your own policy if you choose to, and make any claims on it as you wish. However, commercial plans are pricey.
I thought I would put another $0.02 in this thread. My insurance is cycling on the 7th of October and I'm adding another driver to my account (my 16 year old son). Four vehicles, two at liability only, two with full coverage (one of these listed as a rideshare vehicle). Four drivers, three males, no tickets, no accidents, no driving blemishes of any kind for any of the four of us. 250K/500K Liability. 100K Property. 25K/50K Un/Under Insured. No rental. No towing.
I requested quotes from all but one of the insurance firms offering rideshare coverage in KS: Geico, Farmers, Allstate (my current carrier), American Family and State Farm (didn't go to Safeco, they were ridiculously high last time I checked).
Without bundling homeowners (I have NEVER been able to get a better combined cost for Homeowners + Auto from a single carrier than I can get by farming each out individually) these are the rates I received back for payment in full for a six month period:
Allstate: $1120.19 (requires 16 year old to be named on the policy)
Farmers: $1656.00 (didn't require 16 year old to be named yet)
American Family: $1147.60 (Bundled rate with homeowners, homeowners policy too expensive in comparison)
State Farm: $1333.53 (didn't require 16 year old to be named yet)
Geico: $1388.08
Geico was a strange animal. It required multiple policies (personal and commercial). Drivers under 21 are prohibited from driving rideshare car. The rideshare policy requires payment in full for a 12 month period.
So there you have it. Mike Tiffany is my Allstate guy. He's good.
[NG]Owner
I requested quotes from all but one of the insurance firms offering rideshare coverage in KS: Geico, Farmers, Allstate (my current carrier), American Family and State Farm (didn't go to Safeco, they were ridiculously high last time I checked).
Without bundling homeowners (I have NEVER been able to get a better combined cost for Homeowners + Auto from a single carrier than I can get by farming each out individually) these are the rates I received back for payment in full for a six month period:
Allstate: $1120.19 (requires 16 year old to be named on the policy)
Farmers: $1656.00 (didn't require 16 year old to be named yet)
American Family: $1147.60 (Bundled rate with homeowners, homeowners policy too expensive in comparison)
State Farm: $1333.53 (didn't require 16 year old to be named yet)
Geico: $1388.08
Geico was a strange animal. It required multiple policies (personal and commercial). Drivers under 21 are prohibited from driving rideshare car. The rideshare policy requires payment in full for a 12 month period.
So there you have it. Mike Tiffany is my Allstate guy. He's good.
[NG]Owner
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Thank you for taking your time to explain this exhausting insurance matter. It is a great help.
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