Lilah Butler, Car Insurance Writer
@lilah_c
Yes, Erie offers rideshare insurance in the form of a business-use endorsement. Erie's business-use endorsement is an optional add-on to a personal car insurance policy that covers rideshare drivers at every stage of the process, including while drivers are waiting for a ride request and once a passenger is in the car. To get a quote for Erie rideshare insurance or add rideshare coverage to your policy, contact a local Erie agent or call 800-458-0811.
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 deductible of $2,500. This deductible is significantly more expensive than the average car insurance deductible of $500.
Finally, Uber and Lyft don't provide any coverage for drivers when the app is not on. 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...
read full answer by Merrill Burchell, Car Insurance WriterWhy is Erie so cheap?
Erie is cheap for drivers who have full coverage policies. Drivers can also save even more with Erie by taking advantage of discounts for things like having multiple policies from Erie or for having a vehicle equipped with safety features. Erie is not one of the cheapest car insurance companies overall, though, and young drivers specifically may find cheaper rates elsewhere.
Average Rates for Erie Car Insurance vs. Top Competitors
| ... | Minimum Coverage | Full Coverage |
How much is commercial auto insurance for Uber drivers?
Commercial auto insurance for Uber drivers can cost $1,200 to $2,400 or more per year. A cheaper alternative is rideshare insurance, for $10 to $350 per year, depending on your location and insurer. Rideshare coverage is a specialized kind of insurance that bridges the gap between your personal auto policy and the coverage that Uber and other rideshare companies provide for drivers.
Your personal auto insurance is unlikely to cover accidents you’re involved in...
read full answer by Merrill Burchell, Car Insurance WriterDid we answer your question?
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