Do rideshare platforms provide drivers with auto insurance?
The major rideshare platforms, including both Uber and Lyft, usually do have some insurance coverages for their drivers.
Drivers normally receive some transportation network coverage (TNC) at no cost, and other protections may be available for a fee. In most cases, TNC coverage primarily insures against liability risks but doesn’t necessarily protect against damage to a vehicle. It can have a number of other coverage gaps that rideshare drivers might want insured, too.
While any free coverage should be taken advantage of, the insurance options that rideshare platforms offer are frequently limited and not customizable. Additionally, whether the coverage applies may vary depending on whether a driver is signed in, waiting for a customer, or actively driving a customer.
Drivers who want to be well-insured should compare platform-provided insurance with an insurance agent who specializes in rideshare policies. A specialized agent will know what coverages platforms provide, and be able to recommend rideshare policies that complement that platform’s coverages well. They’ll make sure the chosen coverages provide extensive protection the entire time a vehicle is being driven.