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What You Need To Know About Ridesharing Insurance

Ride-sourcing or “ridesharing” as it’s commonly known is the process of transporting customers for a fee through the use of a privately-owned vehicle. It has recently become popular among drivers who are looking to gain a little extra income outside of their normal 9-5 jobs.

Unfortunately, this also brings a huge risk for rideshare drivers which they may not be aware of. Most car insurance policies do not allow “drive for hire” under a personal auto policy, so drivers run the risk of not being covered properly if they have an accident while driving for a rideshare company. It’s a gap that spawned a new “hybrid auto policy” created by GEICO called GEICO Ridesharing Insurance.

GEICO can help with rideshare insurance.

This policy replaces the driver’s current personal auto insurance policy and provides coverage for both personal and rideshare use at the same time. The coverage is in effect when the rideshare app is off, when it is on with no passengers in the vehicle, and when it is on with passengers, bridging the gap that the rideshare companies won’t typically cover. Since GEICO Ridesharing Insurance will cover a rideshare driver whether he or she is “on the clock” or just driving for personal reasons, there is no need to worry about which policy will be primary in the event of an accident.

GEICO Ridesharing Insurance is available for purchase all states EXCEPT:
AK, GA, HI, KY, MI, NV, NJ, NY, NC, TX, and UT.
Check this link for the most recent availability information.

The above is meant as general information and provides general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.
Get GEICO Auto insurance.

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  1. Melissa Depierro says,

    Does insurance with rideshare coverage cost much more monthly. If you only do rideshare part time does it make sense financially to keep doing it?

    • MikeP says,

      In Seattle, Geico ride sharing insurance will cost me approx 2100 / year based on the following parameters (100, 000/300,000 bodily injury liability, avg 40 ridesharing trips / week @ avg 5 miles/trip, 16 miles/day round trip commuting, personal use).

      My personal Geico insurance is just under 1200 / year (100K/200K bodily injury liability, 50K property damage, 100K/200K uninsured/underinsured motorist, 1000 deductible)

      If I decide to supplement my regular job with ride-sharing, I’ll pay an additional 900 / year.

      Is it worth it? Well, in Seattle, if part-time driving generates 1500 / month less deductions (if assuming revenue of approx $1/mile, ~$900 standard Fed deduction of .58/mile), then net income (after $75/month additional ridesharing insurance) is a bit over $500 dollars (about 6-8 dollars / hour).

      So, in my case, is it worth it to spend an additional $75/month to cover ridesharing insurance while drawing down on my car’s value to realize between 1000 & 1500 / month additional cash flow? Maybe. Will pay for my travel & leisure activities, however, the net hourly sucks and I will lower the value of my car’s trade-in value.

      The part-time Uber/Lyft driver choice – pretty lousy right now and getting worse.

  2. Pat says,

    I would like to know if you have a ticket will give I still give you ridesharinf insurance even if it wasn’t your fault the repair shop didn’t connect the tag lights back after they gave you your vehicle back? What is the policy for receiving tickets on a share ride policy?

  3. Anna Lork says,

    I called about rideshare so I could start working and they would not give it to me cause I was staying at my daughters, did not have my own address. They wanted my lease from my appointment I was waiting for( #323 on the list) told them I needed the job to get apartment faster. He did not care told me to call someone else for insurance.

  4. Erik says,

    I got in an accident a few days ago after completely a lyft ride. I was logged off and heading home when a lady runs a red light and plows into me. Now I’m having issues with Geico. They asked to see if I was logged on or off. I sent them proof that I was logged off and they’re still trying to stall. Are they trying to not cover my claim?

  5. James says,

    Whether driving for a living or not drivers are discouraged from texting or operating apps on their smart phones. How is it then that for drivers working for Uber, Lyft and such operating apps while driving is their accepted SOP? Don’t tell me that all Uber or Lyft drivers operate their devices while politely stopped on a curb (especially in cities like New York where finding a place to stop is tricky to begin with). Insurance companies should ban operating any devices while driving regardless of the presence or absence of the insurance.

    • Nick says,

      So you would ban cops from having computers in their cars also or force all car makers to pull GPS out of cars. This is their job as log as it is mounted on the dash it should be allowed. By the way this is jo differant than eat or putting makeup on while driving.

    • Mae Elliott says,

      when you are looking for some place you have never been to you not look at your navigation device? Whether it be on your phone or built into your dashboard , you can’t tell me you don’t look at it for direction at some point in time? I know the navigation systems make errors all the time so you have to glance at it to be sure that you’re going the correct direction I just see how far away you are from your next turn, exit Etc. Rideshare drivers are not any different. In fact, they are strongly encouraged to not text and drive and a lot of their app permissions, questions and verifications will not accept an answer if the vehicle is in motion. A lot of times that car you see against the curb with its hazard lights on, is a Rideshare driver texting his rider, making a phone call to his Rider or double checking the street address, name of business or some other pertinent fact. Maybe we should just take all the rideshare drivers off the road and people can go back to drinking and driving, walking to work in the rain, snow, sleet and icy sidewalks. Or walk and carry their babies to the doctor, the hospital, the ER?!? Some people cannot wait on a taxi or maybe they live in a city that does not have reliable, timely taxi service! These all sound like brilliant ideas to me! Maybe you should start supporting the people that are out there trying to make a little bit of extra money to make ends meet and the ones that are out there doing it to try and make a living while paying for maintenance, gas no matter how high-priced, outrageous insurance rates, wear and tear on their vehicle, and risking there only source of income (driving) every time they get out there and drive in whatever weather is being thrown at them, other drivers that are impaired or angry, traffic jams Etc. And when you’re willing to come out of pocket and pay their bills that they are working to pay by driving instead of living on government handouts then Maybe you might have the right to tell them they shouldn’t be able to drive or shouldn’t be issued proper insurance!! These drivers are 90% of the time the most conscientious and rule-abiding people on the road. Maybe you should do a little bit further research before you let such an ignorant comment be put in writing!! Maybe you should get on your knees and thank God these people are out there doing something that you are not willing, able or informed enough about to do yourself!

    • Mae Elliott says,

      Yes and maybe we should go back to people drinking and driving! And how about if they go back to walking to work in the rain, snow, sleet, ice Etc? And maybe parents should carry and walk all their babies to the doctor or the pharmacy or, hey, the ER?!? Or go back to sticking your thumb out on the side of the road and hitchhiking, cuz that was so safe! And those people that have unreliable or no taxi service in their City, I think you should be the one to tell them the new as you were the one that open your mouth and told insurance companies not to cover the people out there doing the job you obviously know nothing about and don’t know how to do!! Rideshare drivers put up with all the traffic, weather, rude, ignorant, inebriated, angry people with a smile on their face so they get a good rating and/or tip hopefully! Maybe you should ride in their driver seats before you open your mouth and say something that inane and ignorant again!

  6. Jo Taylor says,

    I am thinking of going to trade in my 2002 Ford Escape for a 2007 Ford Explorer. I will need full coverage insurance. I am on a fixed income so I need to keep it affordable or I will not do it.

    • Micky Payne says,

      Dont get a ford 2007 product. The Ford 2004-2010 , motors had tons of problems.
      Unless of course you have money to burn?

  7. Rhonda Moye Branison says,

    I would like ro know how much the Ride ahare insurance cost in DC? I am considering joining one of the Ride share companies to make aome extra money.

  8. Michael Szatmari says,

    I would like to find out how much rideshare coverage costs in Nevada.
    I will be retiring in the near future and maybe drive a little for Uber. Thanks