The Ultimate Guide to Ridesharing Insurance: Which is the Best Company?

September 21 17:33 2022

A rideshare insurance policy maximizes a driver’s coverage and lowers their deductible for accidents caused while driving for Uber, Lyft, and other companies. Without a rideshare add-on or a rideshare insurance policy, a driver’s personal car insurance policy will not apply when they are online with the app. Uber and Lyft provide broad coverage when qualified drivers pick up and drive passengers. In contrast, they only offer liability insurance for certified drivers waiting for a ride request and making a gap in coverage.


Progressive provides a rideshare endorsement that experienced drivers can add to their car insurance policies. Customers need to purchase endorsements when driving for Uber or Lyft. It reimburses drivers for the difference between their Uber and Lyft deductibles. It has earned a high rating of 4.3 out of 5 stars because of its overall low prices and reliability.


Geico is one of the most popular rideshare insurance policy providers. This is because it is designed to provide a deductible that is as low as $250 and expenses more than a standard policy. The company offers hybrid rideshare insurance policies. Rideshare insurance covers both individual driving and driving for a business such as Uber or Lyft. It also scored highly with the editors at WalletHub, earning an overall score of 4.5 out of 5 stars. An in-depth analysis of various factors is conducted by qualified drivers before purchasing rideshare insurance. Clarify their doubts about such policies and ensure a successful shopping experience for insurance policies.


USAA rideshare insurance costs as low as $6 per month and this insurance policy is available in 38 states. Rideshare endorsement does not cover deductible gap coverage. Any customer with USAA rideshare coverage has to pay an expensive Uber or Lyft deductible when it gets into an accident with any ridesharing passenger in the car. Its premiums are the cheapest among all major car insurance providers.


Rideshare insurance policies from Esurance are only available in Illinois, California, and New Jersey. Esurance is a wise option for all drivers who can afford it. If any customer with Esurance rideshare coverage is involved in an accident while driving for Lyft or Uber, then the customer will have to pay the Esurance deductible. This insurance company does not disclose how much its rideshare insurance expenses. All Esurance premiums are reasonably priced based on the data on personal car insurance policies.


Illinois and Colorado offer travelers’ rideshare insurance. It does not provide any deductible gap coverage. All policyholders have to pay the Lyft or Uber deductible when they get into a crash while traveling with the rideshare passenger. One can devote enough time to discussing how to invest successfully in rideshare insurance policies and focus on various aspects of them.

State Farm

Buying State Farm’s rideshare insurance policy without compromising the budget is an excellent choice for all drivers. They can learn more about all the coverages in a driver’s State Farm policy and explore the hassle-free way to purchase this policy.


Allstate rideshare insurance covers “ride-for-hire”. It is an endorsement that every customer can successfully add to their car insurance policy. It provides comprehensive coverage and reimburses customers for the difference between the deductible of their rideshare company and the Allstate deductible. The organization does not show where Ride-for-Hire is available.


Farmers’ rideshare insurance policy covers drivers while the rideshare application is on and they wait for a ride request. It does not provide complete coverage or reduced deductible once the ride has been accepted. It does not disclose where its ridesharing insurance is offered. One can get in touch with a local agent or the customer service department to see whether it is available in their state or not.

Keep up with the most popular types of Rideshare Insurance Policies

Sara Routhier, Director of Outreach at, lists several types of reliable rideshare insurance policies for drivers:

  • Hybrid rideshare insurance
  • Rideshare insurance endorsements or extensions
  • Commercial insurance

Hybrid Rideshare Insurance

Reliable companies like Geico provide hybrid rideshare insurance which combines rideshare and personal coverage into one policy with one premium. Hybrid insurance covers drivers irrespective of whether they drive for pleasure or business. Experienced drivers can choose a deductible that begins at $250. 

Rideshare Insurance Endorsements or Extensions

However, the policy add-ons are meant to cover the gaps in the coverage of Lyft or Uber. As compared to hybrid rideshare insurance policies, endorsements can be removed from or added to a standard car insurance policy. This endorsement of State Farm is an endorsement that covers all drivers who are online and patiently waiting for a ride request. Uber and Lyft provide primary liability coverage for drivers when they have received a ride request and are on their way to pick up the passenger.

Commercial Insurance

Every driver who cannot get rideshare insurance as it is not available in every state should consider a commercial insurance policy. All commercial policies are expensive. However, they are a very smart investment given how costly accidents can be without any insurance coverage. 


A selection of rideshare insurance companies is widely available and inexpensive, including deductible gap coverage. This coverage lets drivers pay the deductible on the personal policy rather than the expensive deductible of Lyft and Uber. If one wants to choose and invest in a suitable rideshare policy, one can focus on everything one wants to know about affordable coverage offered by reputable companies.

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