Ride-sharing insurance

Allstate has joined the growing list of US carriers offering ride-sharing insurance. The company’s Ride for Hire policy will “cost $15 to $20 per year on average and will provide coverage for drivers who have accidents while on the way to pick up new fares. It said it can also help them deal with gaps in coverage between their own auto insurance and policies offered by the ride-hailing companies. »

GEICO announced it is bringing end-to-end ride-share insurance to Texas. The company first introduced its ridesharing product in Virginia and Maryland. The company claims its market share is growing rapidly in both these states. “GEICO offers ridesharing coverage through GEICO Commercial at a price significantly lower than taxi and commercial rates. “

 

Photo by: Alfredo Mendez, via Flickr  CC BY 2.0

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