Ridesharing and Auto Insurance: What You Must Know

The way we commute has been changed by ridesharing services like Uber and Lyft, but they also present unique challenges for auto insurance. Elevated Insurance Group is here to guide you through the complexities of ridesharing and auto insurance.

​Traditional Auto Insurance vs. Rideshare Insurance

Traditional Auto Insurance

• Primarily covers personal use
• May not provide coverage during rideshare activities

Rideshare Insurance

• Specifically designed for rideshare drivers
• Fills in the gaps between personal auto insurance and the coverage provided by the rideshare company

The Three Periods of Ridesharing

• App Off: Only personal auto insurance applies
• App On, No Passenger: Limited coverage from rideshare company
• Passenger in Vehicle: Maximum coverage from rideshare company, but gaps may exist

Why Rideshare Insurance is Essential

• Liability Coverage: Protects you in case of at-fault accidents while ridesharing
• Comprehensive & Collision: Covers vehicle damage, even when your rideshare app is on
• Medical Payments: Covers medical expenses for you and your passengers

How to Get Rideshare Insurance

• Contact Your Current Provider: Some companies offer rideshare endorsements to existing policies.
• Shop Around: Rates and coverage can vary, so it’s worth comparing quotes.
• Check State Laws: Some states have specific requirements for rideshare insurance.

There are certain insurance considerations while using a ridesharing service, either as a driver or a passenger. Knowing the ins and outs of how ridesharing affects your auto insurance can save you from costly surprises.

Are you a rideshare driver or frequent user? Don’t leave your insurance coverage to chance. Contact Elevated Insurance Group for a comprehensive review of your insurance needs and personalized solutions. Secure your peace of mind today.