New auto insurance policy designed for drive-share companies approved in California

auto insurance ride share program

State Insurance Commissioner approves new auto insurance policy for drivers California Insurance Commissioner Dave Jones has approved the state’s first official auto insurance policy designed specifically for Lyft and Uber drivers. The policy has been formed to address the problems associated with drive-share companies and the insurance coverage that they offer to their drivers. The insurance policy is coming from MetLife Auto & Home. The policy will provide individual coverage for Uber and Lyft workers, providing them with the protection they have may have been lacking in the past. Coverage…

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Allstate insurance roadside assistance selected for Lyft drivers

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The insurer’s services have now been chosen to assist drivers from this large rideshare program. Rideshare company, Lyft, has now selected the roadside assistance program from Allstate Insurance to help to provide its drivers with protection, as an additional feature for motorists who will be using their cars to transport customers from point A to point B. Drivers will now be receiving Allstate Roadside Services (ARS), as a part of its advantages for working with Lyft. Allstate Insurance offers one of the leading programs for roadside assistance through its ARS…

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California law aims to address ride-share auto insurance

california auto insurance

New law approved in California will have an impact on the ride-share market A new law in California will bring changes to the ride-share industry and how it makes use of auto insurance. Ride-share companies like Uber and Lyft have been at the heart of controversy concerning insurance coverage. These companies provide their drivers with coverage, but only when they are transporting a passenger, not when they are on the way to retrieve that passenger. As such, there may be significant coverage gaps that place drivers at risk  because they…

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UberX generates auto insurance controversy in Canada

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UberX has received criticism for the insurance coverage it provides its drivers Ride-share company UberX has generated some controversy in Canada concerning auto insurance. Toronto’s taxi industry has voiced concerns about the insurance coverage that UberX provides its drivers. Per the company’s policies, its drivers are not required to purchase commercial auto insurance. There are concerns that the company does not ensure that its drivers have liability coverage either, which could place drivers and their passengers in a risky position in the event of a major accident. All rides on…

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Allstate auto insurance to cover rideshare drivers

Allstate auto insurance Geico

People who are driving with the use of app based services like Uber will now have the insurer’s coverage available. Allstate auto insurance offerings will now be including coverage for drivers who will be using apps such as Uber and Lyft in order to pick up ride sharing passengers in order to earn an income. The auto insurance coverage will come with an average premium of between $15 and $20 per year. The announcement about the new type of Allstate auto insurance policy also explained that the goal of the…

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