Are Rideshare Drivers Covered By Their Auto Insurance?
If you drive your personally owned auto for Uber, Lyft, or even a pizza delivery company, your personal auto insurance will not provide coverage you need, should you be involved in an accident. Uber and Lyft are "rideshare" services that compete with taxis and more traditional car transport services. These companies do not own or operate their cars and do not hire their drivers directly. Drivers are independent contractors who drive their own vehicles to pick up and drop off customers. Here are two big coverage gaps:
Your personal auto insurance policy excludes liability for hauling others for a fee.
These rideshare companies also require liability limits above the state minimums.
There are a number of insurance companies now offering specific auto insurance coverage for ridesharing risks.
Here are a few tips for rideshare drivers.
Purchase a separate policy with at least a $1,000,000 limit.
Read any, and all, agreements so you know what your responsibilities are.
Keep your vehicle in good working condition.
You purchase auto insurance from Worthington Insurance to help you through accidents when, or if, they happen. If you have an auto accident, Worthington Insurance is here to help you. You may always call us to help you through the process.
Worthington Insurance is here to help you with your auto insurance needs. We have access to many insurance products and can provide you with competitive premiums. Worthington Insurance offers auto liability, auto collision and auto comprehensive coverage. Call us today.