Candace Baker, Car Insurance Writer
@candacebaker
The companies offering rideshare insurance in Oklahoma include State Farm, Allstate, 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 typically cannot buy a rideshare insurance policy from a company that doesn't handle your personal auto insurance policy.
Oklahoma 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 provide collision and comprehensive insurance for drivers who have accepted a ride request or are driving a passenger, but they only provide these two types of coverage for drivers who carry them on their personal auto policy.
Additionally, Uber and Lyft only provide liability insurance for drivers who are waiting for a ride request, which means only other people's injuries and property damage that you cause in an accident will be covered. However, 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.
Other Options for Rideshare Drivers in Oklahoma
Uber and Lyft charge deductibles as high as $2,500 for each collision or comprehensive claim if your vehicle is damaged while driving for them. Some rideshare insurance companies in Oklahoma include a feature called "deductible gap coverage." This allows you to pay your personal deductible if your vehicle is damaged while driving for Uber or Lyft, rather than the deductible set by the rideshare company.
If your insurance provider does not offer rideshare insurance in Oklahoma, 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.
People also ask
Do you need rideshare insurance?
You need rideshare insurance from your personal car insurance company if you drive for Uber and Lyft and do not want to pay out of pocket for your own expenses if you are at-fault in an accident while waiting for a ride request. You should also buy rideshare insurance if you would prefer a deductible lower than $1,000.
How Rideshare Insurance Works
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