Geico Rideshare Insurance

Rideshare programs like Uber and Lyft are becoming increasingly popular around the world. They offer an easy, convenient and efficient way for people to get around while also providing employment opportunities for drivers. However, as with any type of transportation, there is also a risk of accidents and other incidents. This is why it is important for rideshare drivers to have proper insurance coverage.

What is Geico Rideshare Insurance?

Geico Rideshare Insurance is a type of insurance policy provided by Geico that is specifically designed for rideshare drivers. It provides coverage for drivers when they are working for ride-hailing companies like Uber and Lyft.

Unlike regular auto insurance policies, Geico Rideshare Insurance takes into account the fact that drivers are using their personal vehicles for commercial purposes. This means that it provides coverage for the driver and their vehicle during the different stages of a ride, including when the driver is waiting for a ride request, on the way to pick up a passenger, and when a passenger is in the car.

What Does Geico Rideshare Insurance Cover?

Geico Rideshare Insurance provides coverage for both the driver and their vehicle. The policy includes:

Geico Rideshare Insurance also includes roadside assistance, which can come in handy if the driver’s vehicle breaks down while they are working for a ride-hailing company.

How Much Does Geico Rideshare Insurance Cost?

The cost of Geico Rideshare Insurance depends on a number of factors, including the driver’s location, driving record and the type of vehicle they use. However, on average, the policy costs around $15-$20 per month in addition to the driver’s regular auto insurance premium.

Why Do Rideshare Drivers Need Geico Rideshare Insurance?

While Uber and Lyft provide some insurance coverage for their drivers, it may not be enough in all situations. For example, the coverage provided by ride-hailing companies may not apply when the driver is waiting for a ride request or when they are driving to a pick-up location. This means that if the driver is involved in an accident during these situations, they may not be covered by their regular auto insurance policy or by the ride-hailing company’s policy.

Geico Rideshare Insurance provides additional coverage for rideshare drivers during all stages of a ride, including when the driver is waiting for a ride request. This means that drivers can have peace of mind knowing that they are protected while they are working for a rideshare company.

FAQ

1. Is Geico Rideshare Insurance available in all states?

No. Geico Rideshare Insurance is currently available in select states, including Arizona, Colorado, Illinois, Iowa, Kansas, Maryland, Missouri, Nebraska, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Virginia, and Wisconsin.

2. How do I sign up for Geico Rideshare Insurance?

You can sign up for Geico Rideshare Insurance online or by calling Geico’s customer service. You will need to provide information about your driving record, vehicle and rideshare company you work for.

3. Does Geico Rideshare Insurance cover other types of ride-hailing services?

No. Geico Rideshare Insurance is designed specifically for drivers who work for Uber and Lyft. If you work for a different type of ride-hailing service, you may need to look for a different type of insurance policy.

4. Can I cancel my Geico Rideshare Insurance policy?

Yes. You can cancel your Geico Rideshare Insurance policy at any time. However, if you cancel your policy before the end of the term, you may be charged a cancellation fee.

5. Is Geico Rideshare Insurance more expensive than regular auto insurance?

It depends. Geico Rideshare Insurance is designed to be affordable, and on average, it costs around $15-$20 per month in addition to your regular auto insurance premium. However, the cost of the policy may vary depending on a number of factors, including your driving record and location.

In conclusion, Geico Rideshare Insurance is a great option for rideshare drivers who want to ensure they are properly protected while working for companies like Uber and Lyft. The policy provides comprehensive coverage during all stages of a ride, and it is affordable and easy to sign up for. If you are a rideshare driver, be sure to consider Geico Rideshare Insurance for your insurance needs.