How Does Insurance Work With Uber and Lyft?

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How Does Insurance Work With Uber and Lyft?

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Күн бұрын

Uber and Lyft provide insurance coverage for their drivers, but it's important to understand how it works and what it covers.
When your Uber or Lyft app is off:
Your personal auto insurance policy is primary. This means your personal insurance will cover any accidents you cause while driving for Uber or Lyft, even if the app is off.
When your Uber or Lyft app is on but you're waiting for a ride:
Uber or Lyft's contingent liability insurance is primary. This means Uber or Lyft will cover any accidents you cause while waiting for a ride, up to $50,000 per person for bodily injury and $25,000 per accident for property damage.
Your personal auto insurance is secondary. This means your personal insurance will only kick in if Uber or Lyft's contingent liability insurance is exhausted.
When you're matched with a rider and driving to their location:
Uber or Lyft's contingent liability and uninsured/underinsured motorist (UM/UIM) insurance is primary. This means Uber or Lyft will cover any accidents you cause while driving to a rider's location, up to $1 million per accident for bodily injury and $500,000 per accident for property damage.
Your personal auto insurance is excess. This means your personal insurance will only kick in if Uber or Lyft's contingent liability and UM/UIM insurance is exhausted.
When you have a rider in your car:
Uber or Lyft's full liability, UM/UIM, collision, and comprehensive insurance is primary. This means Uber or Lyft will cover any accidents you cause while driving with a rider in your car, up to $1 million per accident for bodily injury and $500,000 per accident for property damage.
Your personal auto insurance is excess. This means your personal insurance will only kick in if Uber or Lyft's full liability, UM/UIM, collision, and comprehensive insurance is exhausted.
Here are some additional things to keep in mind about Uber and Lyft insurance:
1. You may need to purchase a rideshare endorsement for your personal auto insurance policy. This endorsement will provide additional coverage for accidents that occur while you're driving for Uber or Lyft.
2. Uber and Lyft's insurance coverage is not available in all areas. Check with your Uber or Lyft app to see if insurance coverage is available in your area.
3. It's always a good idea to have a thorough understanding of your insurance coverage, whether you're driving for Uber or Lyft or not. This will help you avoid any surprises in the event of an accident.
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Пікірлер: 11

@FutureRideshareMillionaire 8 ай бұрын

Uber and Lyft provide insurance coverage for their drivers, but it's important to understand how it works and what it covers. When your Uber or Lyft app is off: Your personal auto insurance policy is primary. This means your personal insurance will cover any accidents you cause while driving for Uber or Lyft, even if the app is off. When your Uber or Lyft app is on but you're waiting for a ride: Uber or Lyft's contingent liability insurance is primary. This means Uber or Lyft will cover any accidents you cause while waiting for a ride, up to $50,000 per person for bodily injury and $25,000 per accident for property damage. Your personal auto insurance is secondary. This means your personal insurance will only kick in if Uber or Lyft's contingent liability insurance is exhausted. When you're matched with a rider and driving to their location: Uber or Lyft's contingent liability and uninsured/underinsured motorist (UM/UIM) insurance is primary. This means Uber or Lyft will cover any accidents you cause while driving to a rider's location, up to $1 million per accident for bodily injury and $500,000 per accident for property damage. Your personal auto insurance is excess. This means your personal insurance will only kick in if Uber or Lyft's contingent liability and UM/UIM insurance is exhausted. When you have a rider in your car: Uber or Lyft's full liability, UM/UIM, collision, and comprehensive insurance is primary. This means Uber or Lyft will cover any accidents you cause while driving with a rider in your car, up to $1 million per accident for bodily injury and $500,000 per accident for property damage. Your personal auto insurance is excess. This means your personal insurance will only kick in if Uber or Lyft's full liability, UM/UIM, collision, and comprehensive insurance is exhausted. Here are some additional things to keep in mind about Uber and Lyft insurance: 1. You may need to purchase a rideshare endorsement for your personal auto insurance policy. This endorsement will provide additional coverage for accidents that occur while you're driving for Uber or Lyft. 2. Uber and Lyft's insurance coverage is not available in all areas. Check with your Uber or Lyft app to see if insurance coverage is available in your area. 3. It's always a good idea to have a thorough understanding of your insurance coverage, whether you're driving for Uber or Lyft or not. This will help you avoid any surprises in the event of an accident.

@jamelspencer4448 8 ай бұрын

I work in Insurance and all it takes is for you the consumer to answer the question honestly when asked what the vehicle is used for. There is not one insurance company that don't ask that question. Asking insurance companies the right questions is only going to get you the right answers. If you're using your car for rideshare, you do need to let your insurance company know. There is no such thing as not having commercial or rideshare insurance if you're driving for Uber and Lyft

@whatchagot487 8 ай бұрын

I keep telling the people I know that do Uber/Lyft but they are always like "naw, it's okay." I'm like okay that's all on you now. When I drove for Lyft, at first I didn't have the commercial insurance cuz I didn't know about it, but once I found out, I had to get it cuz you never know when an accident will happen. It did suck though having to pay that extra amount towards my insurance 😒 I wonder if Lyft/Uber tell the new drivers that they should or need to get that additional insurance cuz I remember signing up for Lyft back in 2017 and there was no mention of insurance.

@RideShareRevo 2 ай бұрын

Great info. Thank you!

@JuanLopez-wj4nl 4 ай бұрын

Can I drive Uber and Lyft with only liability ?

@AIimageGirl 8 ай бұрын

I did a hit and run with a passenger inside. I was pulling in to drop him off and came too close to a parked car. The passenger reported me. Ubers insurance contacted me. They did not let me drive anymore. I had to submit photos of the car was okey condition to drive. I took picture's and got online in an hour. I said I hit a pole. I didn't want to get deactivated for getting into an accidents. It was couple months ago, so I guess I'm in the clear.

@FutureRideshareMillionaire 8 ай бұрын

Thank you for sharing your experience! You were super lucky 😂😅