Ridesharing insurance is a sort of auto insurance that bridges the gap between your rideshare employer’s commercial auto insurance policy and your own personal auto insurance. Employer-provided insurance policies frequently only cover the bare minimum and have restrictions on when you are covered, so it is difficult to get coverage for the transportation of paying customers. Additionally, if you or your vehicle or other individuals are hurt outside of the windows that Lyft and Uber driver insurance offers additional coverage to, you may face hefty out-of-pocket payments.
To protect themselves and others in the event of accidents, rideshare drivers have the option of purchasing additional rideshare insurance, even though they are not legally obligated to do so. Because they make their living by driving, rideshare drivers should consider purchasing more comprehensive insurance than the average commuter.
Rideshare insurance may be an excellent investment if your company requires you to drive consumers from one location to another. As your personal and business auto insurance plans do not cover you during periods of non-insured driving, rideshare insurance provides the additional coverage you need to be financially protected at all times.
It’s critical to understand that rideshare drivers are not insured end-to-end by their employers’ insurance policy. A rideshare company’s business coverage typically only protects you and your vehicle when you are picking up and dropping off a passenger. According to Uber and Lyft, coverage periods are divided into the following categories:

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