GEICO bringing end-to-end ridesharing coverage to Texans
DALLAS, June 15, 2015 – If you drive for an on-demand Transportation Network Company (TNC) like Uber, Lyft, Sidecar and other similar companies in Texas, you'll want to know that GEICO is now offering a new auto insurance product in the Lone Star State that covers both your personal and ridesharing needs.
"States have started passing laws that require TNC drivers to have more than personal auto insurance since they're transporting people around," said Robert Miller, GEICO senior vice president. "We're excited to offer an affordable, comprehensive product to Texans that covers vehicles for personal use, ridesharing and other on-demand services."
GEICO first introduced its ridesharing product in Virginia and Maryland earlier this year, and market share is rapidly growing in both states. GEICO offers ridesharing coverage through GEICO Commercial at a price significantly lower than taxi and commercial rates.
"We continue to receive positive feedback from our rideshare policyholders," said Othello Powell, director of GEICO commercial lines. "Having a primary hybrid policy gives them the ultimate peace of mind. When you’ve had a serious accident the last thing anyone wants to worry about is whether they are covered at that particular moment or, worse yet, who is covering them. Customers also appreciate having options like lower deductibles and medical coverage. Being an entrepreneur comes with enough worries; we believe car insurance should not be one."
More details about GEICO's ridesharing product can be found on the ridesharing insurance FAQs page. Drivers in Texas, Georgia, Maryland and Virginia can get a ridesharing quote at https://www.geico.com/getaquote/ridesharing/ or by calling (866) 509-9444.
GEICO (Government Employees Insurance Company), the second-largest auto insurer in the U.S., was founded in 1936 and insures more than 27 million vehicles.
To make changes, report claims, print insurance cards and purchase additional products, policyholders can log into their car insurance policy, connect via GEICO Mobile, phone or by visiting a GEICO local agent.
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