GEICO ridesharing product now in 24 states
WASHINGTON, D.C., June 2, 2016 – Building on successful launches all across the country, GEICO now offers its low-cost ridesharing product in 24 states. The product delivers comprehensive coverage to serve Uber, Lyft, Split and other on-demand service drivers.
The list of states include: Colorado, Illinois, Iowa, Indiana, Louisiana, Mississippi, Nebraska, New Mexico, Oklahoma, Oregon, South Dakota, Arizona, Iowa, Vermont, Wyoming, South Carolina, Georgia, Virginia, Maryland, District of Columbia, Texas, Connecticut, Pennsylvania and Ohio.
Bridging the coverage gap, GEICO's ridesharing product combines coverage options into a single policy that protects drivers during both ridesharing and personal use when the rideshare app is on or off, with or without passengers in the vehicle. The policy addresses the needs of on-demand service drivers and eliminates the cost and confusion of having two separate policies.
"Since its first introduction to the market last year, GEICO's ridesharing insurance solution has consistently received positive feedback from policyholders on its affordable pricing and hassle-free service," said Othello Powell, director of commercial lines. "As we continue to monitor the unique needs of ridesharing drivers, we're even more determined to grow our ridesharing product to serve many more drivers in many more states."
Powell noted that many policies may limit coverage options to one specific transportation network company and may only cover a portion of the trip. "With GEICO's ridesharing insurance, drivers are covered regardless if they are logged into the transportation network company's app. They also have the flexibility to work with multiple companies."
GEICO's ridesharing product is offered through the company's Commercial division at a price similar to personal auto insurance. More details about GEICO's ridesharing product can be found at www.geico.com/ridesharing-insurance.
GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the second-largest private passenger auto insurance company in the United States. GEICO, which was founded in 1936, provides millions of auto insurance quotes to U.S. drivers annually. The company is pleased to serve more than 14 million private passenger customers and insures more than 23 million vehicles (auto & cycle).
Using GEICO's online service center, policyholders can purchase policies, make policy changes, report claims and print insurance ID cards. Policyholders can also connect to GEICO through the GEICO App, reach a representative over the phone or visit a GEICO local agent.
GEICO also provides insurance quotes on motorcycles, all-terrain vehicles (ATVs), boats, travel trailers and motorhomes (RVs). Coverage for life, homes and apartments is written by non-affiliated insurance companies and is secured through the GEICO Insurance Agency. Commercial auto insurance and personal umbrella protection are also available.
For more information, go to www.geico.com.