Working for a transportation network company like Uber or Lyft can be a fantastic opportunity in a town like Las Vegas. However, it is critical you understand how Uber and Lyft insurance coverage works and fill the gaps. Safeguard Insurance can provide you with affordable personal auto insurance that protects you while working for Uber, Lyft or any other ride-share company.
Understand Uber and Lyft Insurance Coverage
Uber, Lyft, and other TNC or ride-hailing companies offer contracted drivers two types of insurance coverage, depending on status. There are 4 status types or “periods” recognized by TNC’s and insurance carriers:
- Offline, where the vehicle is driven solely for personal use and the TNC app is not active.
- Period 1, where the driver has activated the ride-share app and is ready to accept a passenger.
- Period 2, where the driver has accepted a passenger request and is en-route for pick-up.
- Period 3, where the passenger is being driven to their destination.
Uber and Lyft both provide coverage of $50,000/$100,000 of bodily injury and $25,0000 of property damage coverage during Period 1. This is contingent coverage, meaning it pays only if your personal auto insurance will not. Uber and Lyft do not provide coverage for damage to your vehicle during Period 1.
Once you have accepted a passenger, Period 2, and into Period 3, Uber and Lyft provide $1M of liability coverage, $1M of uninsured motorist coverage and contingent comprehensive and collision up to $50,000.
Filling Uber and Lyft Insurance Gaps
At Safeguard Insurance, we can provide you with personal auto insurance coverage that protects you, and your vehicle, while you are offline and during Period 1. We can also provide excess liability and physical damage coverage during Period 2 and 3.
We offer TNC or ride-sharing insurance with Acuity Mutual and Mercury Casualty. Our agents can give you quotes with each insurance carrier and explain which option is a better fit for you.
Get a Quote for Ride Sharing Insurance Coverage
For a no-obligation quote on Ride Sharing insurance coverage, call Safeguard Insurance at 702-638-0022 or request a quote on this page.
Safeguard Insurance is licensed quote to ride-sharing insurance (Uber & Lyft) in Nevada, Utah, Arizona, California, New Mexico, Idaho, Oregon, and Washington.