If you’re a rideshare driver, it’s important to know that you are required to carry specific auto insurance coverages. While your personal auto insurance policy may provide some coverage while you’re driving for Uber or Lyft, there are likely gaps in that coverage.
That’s why it’s important to understand what additional coverages are available to you. In this blog post, we will discuss the types of auto insurance coverage that rideshare drivers are required to carry.
RIDESHARE INSURANCE COVERAGE REQUIREMENTS
As a rideshare driver, you are required to carry liability insurance. This type of insurance will help to cover the costs of damages that you may cause to another person’s property while you are driving. Rideshare companies typically require drivers to carry $50,000 in bodily injury liability coverage and $25,000 in property damage liability coverage.
In addition to liability insurance, you may also want to consider carrying collision and comprehensive insurance. These types of coverages will help to pay for the repairs to your own vehicle if it is damaged in an accident. Rideshare companies typically require drivers to carry $50,000 in collision coverage and $25,000 in comprehensive coverage.
If you’re a rideshare driver, it’s important to understand the auto insurance coverages that you are required to carry. By understanding the types of coverage available to you, you can help to protect yourself financially in the event of an accident.
WE CAN HELP THE INJURED
If you’ve been hurt in a rideshare accident through no fault of your own, you may be entitled to compensation for your damages. Don’t delay—reach out to our skilled team right away to learn more about how we can help with your case.