Uber Insurance: Farmers Rideshare Endorsement

The popularity of ride-hailing companies such as Uber, Lyft and Sidecar has opened up a new subcategory of auto insurance. Due to recent litigation, Uber now provides coverage for its drivers as long as they are logged into the Uber smartphone app and ready to accept an assignment. Drivers must obtain their own insurance for all other times of driving, and a personal auto policy is not enough. Many carriers exclude coverage on a personal auto policy if you are using your vehicle as a ride-share driver.

Farmers Insurance provides coverage for just this purpose, and I have received  many calls over the last 6 months for this type of “Uber insurance”. The coverage is called a Rideshare Endorsement, and enables drivers to customize their coverage, including:

  • Comprehensive and collision coverages that pay for damages to your car
  • Uninsured motorist coverage, in case you are hit by a driver who isn’t insured or is underinsured
  • Medical payment and personal injury protection (if required)

If you are a driver for Uber, Lyft or any other rideshare program, it is mandatory that you alert your insurance carrier. Failure to do so could result in the denial of a claim. Call me today – I am happy to answer any questions and further explain how the rideshare endorsement works. Farmers provides a great product and competitive rates for “Uber insurance”.