What is Ridesharing Car Insurance?
Lyft and Uber have quickly expanded into two of the premium ridesharing services in the United States and car insurance providers are making some quick changes to accommodate the additional need for ridesharing car insurance coverage. Ridesharing car insurance covers personal use and it adds additional coverage for the insurance gap where the driver is logged into the Uber app but not transporting a passenger.
It’s important the drivers check the coverage offered by their personal car insurance policy provided by the ridesharing company. If there is an insurance gap, it’s important that the driver has great ridesharing car insurance with the right coverage.
It’s not necessary for you to have the same ridesharing insurance policy with your personal car insurance policy. There might be another company which has better coverage for a lower price. Also you must find out whether your car insurance provider offers ridesharing insurance in your state where you are located. If your car insurance provider does not provide ridesharing car insurance then it is a better idea to get a commercial auto insurance policy in order to get full ridesharing car insurance coverage.
Rideshare insurance is needed for all drivers whose car insurance policies do not provide adequate coverage before, during, and after a ride. Your personal car insurance may not cover the expenses after an accident when you are driving for Lyft or Uber. However, the most important thing is to understand whether you really need ridesharing car insurance.
The rideshare company covers you only when you have accepted a ride request and it doesn’t apply when you are logged in to the app but are still waiting for a passenger to select you as the driver. Thus, it’s important that you either get commercial auto insurance or a ridesharing car insurance in order to be fully insured. All personal car insurance companies do not offer this insurance and is it not available in all states. Thus, if you’re present personal car insurer doesn’t offer ridesharing insurance then it’s time to look out for a better option.
All new and existing customers can take advantage of ridesharing car insurance. If you’re still in doubt as to whether you need the insurance coverage or not then you must call the ridesharing car insurance customer service line and find out more about the ridesharing policy and its coverage. While you are searching for ridesharing car insurance, it’s important that you inform your present car insurance company that you are driving for Uber or Lyft. Otherwise you may get your insurance cancelled by not disclosing this information to your car insurance provider.