Lilah Butler, Car Insurance Writer
@lilah_c
Yes, Allstate offers rideshare insurance as an optional add-on to a personal car insurance policy for customers who use their personal vehicle to drive for a rideshare company. Allstate rideshare insurance helps fill the gaps in coverage between a customer's personal auto insurance policy and the coverage provided by a transportation network company.
Allstate does not disclose how much its rideshare endorsement costs, but other companies typically charge 15% - 20% of a driver's personal premium.
Allstate Rideshare Insurance Coverage
- You are covered by your personal auto policy while the app is on but before you accept a ride request
- No coverage is provided once you have accepted a ride request
- Deductible gap coverage, so you can choose your own Allstate deductible rather than paying Lyft's or Uber's
Rideshare insurance varies by state, so check with Allstate to see if their rideshare coverage is available in your location.
Why You Need Rideshare Insurance
In general, rideshare policies are important because the coverage provided by Lyft and Uber varies depending on where the driver is in the process of a ride. When a driver is online and waiting for a ride request, Uber and Lyft provide liability-only insurance.
Once the driver has accepted a ride request, Uber and Lyft provide up to $1 million in liability insurance, plus any other type of coverage required in the state. Both companies also provide collision and comprehensive insurance during this period - for drivers who have these types of coverage on their personal policy. However, Uber and Lyft both have a $2,500 deductible. This deductible is significantly more expensive than the average car insurance deductible of $500. Uber and Lyft provide no coverage at all if the app is not on.
Finally, if you plan on using your vehicle for Uber or Lyft rides, Allstate requires you to add rideshare coverage to your policy. For more information, check out WalletHub's complete guide to rideshare insurance.
People also ask
How much does rideshare insurance cost?
For customers with a personal auto policy, the additional costs quoted by companies like Farmers and Erie for rideshare insurance are usually from $6 to $25 per month. Allstate offers its rideshare coverage for only $15 to $20 per year.
Rideshare insurance costs less than many drivers would think, making it well worth the price. However, prices vary and it’s important to look carefully at what each company covers. Costs often vary because companies...
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