The companies offering rideshare insurance in North Dakota include State Farm, Geico, and Progressive. Some insurers offer rideshare insurance as an add-on to a personal car insurance policy, while others combine rideshare and personal auto insurance into a single hybrid policy. Keep in mind that you cannot buy a rideshare insurance policy from a company that doesn’t handle your personal auto insurance policy.
North Dakota Rideshare Insurance Companies
Rideshare insurance is a good way to increase your coverage while you drive for companies like Uber and Lyft. Both Uber and Lyft offer broad coverage for drivers who have accepted a ride request or are driving a passenger, but they only provide liability insurance for drivers who are waiting for a ride request.
Driving with liability-only insurance can be risky, since it only covers other people’s injuries and property damage that you cause in an accident. But if you purchase rideshare insurance, all of the coverage on your personal auto policy will apply while the Uber or Lyft app is on and you are waiting for a ride request.
Alternatives to Rideshare Insurance in North Dakota
Some rideshare insurance companies in North Dakota include a feature called “deductible gap coverage.” This allows you to pay your personal collision or comprehensive deductible if your vehicle is damaged while driving for Uber or Lyft, rather than the deductible set by the rideshare company. Once you’ve accepted a ride request, Uber and Lyft provide comprehensive and collision insurance if you already have these coverage types on your personal insurance policy. However, they charge deductibles as high as $2,500 for each claim.
If your insurance provider does not offer rideshare insurance in North Dakota, you can look into purchasing a commercial auto insurance policy instead. These policies are more expensive than a so-called rideshare endorsement on a personal policy, but they cover business use and will protect you while driving for Uber or Lyft.
To learn more, check out WalletHub’s guide to rideshare insurance.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.