Yes, Allstate does offer rideshare insurance as an add-on option. Allstate’s rideshare insurance is called Ride For Hire, and it helps fill the gaps in coverage between a customer’s personal auto insurance policy and the coverage provided by a transportation network company (TNC) such as Uber or Lyft. Ride for Hire from Allstate typically costs about $15 to $20 per year.
Allstate Rideshare Insurance Applies in Two Situations:
1. When a customer has the rideshare app turned on but does not have a passenger or an accepted assignment.
In this scenario, a customer’s personal insurance policy won’t apply, and the commercial liability coverage provided by the rideshare company is usually liability-only at this point. Allstate’s Ride for Hire insurance can help by providing additional coverage that is not available through the rideshare company, like collision insurance. Depending on your policy details, Allstate rideshare coverage might also increase your liability limits.
2. When a customer is driving a passenger or on the way to pick up a passenger.
In this scenario, Ride for Hire provides up to $2,500 in deductible gap coverage, which helps keep out-of-pocket expenses low for the Allstate customer. Deductible gap coverage is similar to traditional gap insurance, except it’s designed specifically for paying a large insurance deductible rather than the remaining balance on a loan or lease.
Ultimately, Allstate’s rideshare insurance is worth investigating if you’re a rideshare driver. Most personal car insurance policies won’t cover costs that result from an accident if the customer was using their vehicle for business purposes. But rideshare insurance, also known as ride-hailing insurance, will keep you from having to pay for vehicle repairs or medical bills out of pocket.
However, it is important to note that Ride for Hire from Allstate isn’t available in New York. Terms for this insurance coverage vary by state.
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