Are rideshare drivers required to have special insurance?

The burgeoning field of rideshare services, encompassing platforms like Uber and Lyft, has introduced fresh questions about insurance policies and their adequacy in covering accident-related damages. Requirements may vary from state to state, but let’s break down the general insurance requirements for rideshare drivers.

Personal Auto Insurance

Rideshare drivers are indeed required to have their own personal auto insurance. Further, drivers must also report to their auto insurance that they are driving for a rideshare company like Uber or Lyft. Failing to do so could put any potential insurance claims in jeopardy, including any claims you may have either as a driver or a passenger in a rideshare.

Insurance Provided by the Rideshare Company

Rideshare companies like Uber and Lyft have their own insurance policies that may cover drivers and passengers in the event another driver hits them.. These policies may include uninsured/underinsured motorist coverage and comprehensive and collision coverage. However, coverage limits and requirements can vary.

Importance of Understanding the Coverage

Knowing the details of these insurance policies is critical because they determine who pays for damages in the event of an accident. Just because you drive for Uber or Lyft does not mean they will cover you in the event of a crash. Likewise, just because you step into a rideshare vehicle doesn’t mean there is insurance coverage available to you. If you’re involved in an accident with a rideshare vehicle, it will be important to check your own insurance policy (if you have one) for Uninsured or Underinsured motorist coverage. If your policy does not carry UM, we strongly recommend adding as much as you can afford to the policy so that you are protected in the event of a crash.

If you’ve been in an accident involving a rideshare vehicle, reach out to The Ruth Law Team at (888) 783-8378 to help navigate the complexities of rideshare insurance policies.

Remember, you can also schedule a meeting with us at one of our Florida Law Offices, Minnesota Law Offices, or Georgia Law Offices.

Please be mindful that the answers to each question may vary depending on the specifics of your case. For accurate information tailored to your circumstances, it’s always recommended to consult with an attorney. This FAQ provides general information and is not a substitute for professional legal advice.