Cars and Trucks

Allstate Rideshare Insurance: Everything You Need to Know

Allstate Rideshare Insurance is an insurance policy that Allstate offers to drivers who work for ridesharing platforms. If your car is involved in a road accident, the rideshare coverage insures you against vehicle repair bills and the medical bills of victims. While your employer may provide you with auto insurance, it’s best that you also pay for rideshare insurance to cover additional expenses.

Does Allstate Offer Rideshare Insurance?

Allstate is one of the insurance companies that provide rideshare insurance to its policyholders who use their cars for commercial services. The name of Allstate’s rideshare insurance service is Ride for Hire. This policy caters to all extra expenses that a Transportation Network Company (TNC) insurance may not cover.

Is Allstate Ride for Hire Insurance Worth It?

You should consider getting an Allstate Ride for Hire insurance policy if you use your vehicle for rideshare services. The Allstate Ride for Hire coverage accounts for all expenses that may occur during accidents. Chances are the insurance policy that your rideshare employer provides is inadequate. Allstate Ride for Hire insurance will cover any gaps that your employer’s insurance policy fails to fill, according to WalletHub.

How Much Does Allstate’s Ride for Hire Cost?

Insured drivers at Allstate pay a yearly premium of $15-$20 for the Ride for Hire insurance.

When Does Allstate Rideshare Insurance Apply?

Allstate’s Ride for Hire insurance policy will cover the expenses of any accident that happens in these situations:

  • You switch on your rideshare app even though you have no customer: When accidents happen during this situation, the TNC insurance only covers liability to third-party victims. If you obtain an Allstate Ride for Hire insurance, it will fill up all expense gaps that your TNC insurance leaves, such as collision coverage.
  • You are driving to pick up a customer, or you have a passenger in your vehicle: Even though the TNC insurance may cover most of the bills while you are taking a passenger to their destination, you cannot rule out the possibility of deductible coverage gaps. Allstate offers about $2500 to take care of such expense gaps.

    What Is Included in Allstate’s Ride for Hire Insurance?

    Insurify states that Ride for Hire insurance covers expense gaps and deductible gap coverage. The policy prevents customers from paying out of their own pockets for bills that the TNC insurer ignores.

    Does Allstate Provide Commercial Insurance Protection to Uber Drivers and Riders?

    After forming a partnership with Uber in 2021, Allstate now offers commercial insurance protection to Uber drivers. Today, Uber drivers across U.S. states like Utah, Wyoming, Michigan, Illinois, and Alaska can buy commercial insurance from Allstate. The commercial insurance policy covers both personal and business insurance needs.

    Where Is Allstate Ride for Hire Service Available?

    Allstate’s Ride for Hire is available in all states and Washington D.C., except for New York state.

    Is Allstate Ride for Hire Available in New York?

    Allstate does not offer the Ride for Hire insurance policy to New York residents. However, drivers who offer rideshare services in the state may be able to buy coverage from other insurance providers.

    What Insurance Companies Offer Insurance to Lyft Drivers?

    The insurance companies that offer insurance to Lyft drivers are Liberty Mutual Insurance and Allstate. Lyft signed a partnership agreement with these insurers in 2020. Currently, Allstate covers Lyft drivers in states like Ohio, California, Kansas, Iowa, West Virginia, Kentucky, and Indiana. Liberty Mutual Insurance offers insurance to Lyft drivers in Utah, Michigan, Texas, New Mexico, and Arizona.

    How Does Rideshare Insurance Work?

    The driver enjoys rideshare insurance throughout the cycle of a trip. This insurance policy covers the rideshare driver from the time they switch on the rideshare app until the moment they arrive at a customer’s destination.

    Will Personal Car Insurance Cover Uber and Lyft Drivers?

    Insurify states that the standard personal car insurance of Uber or Lyft drivers may not cover them during a rideshare trip. If you are a Lyft or Uber driver, it’s best that you buy rideshare insurance to protect you during commercial trips.

    How Does Uber/Lyft Commercial Insurance Work?

    Uber and Lyft offer total commercial coverage to their drivers in most stages of their trips. However, rideshare platforms only provide liability coverage when a driver is waiting for a passenger to request a trip.

    What Are Included in Personal Auto Insurance Policies?

    Every personal vehicle insurance policy covers property damage liability and bodily injury liability. Other coverages like medical bills, collision coverage, and uninsured motorist coverage may not exist in your personal auto insurance policy.

    What Are the Types of Rideshare Insurance Policies?

    Insurers provide the insurance policies below to rideshare drivers:

    • Additional Coverage: Insurance companies offer additional coverage to rideshare drivers to fill up the coverage gaps that their TNC’s commercial insurance may not cover.
    • Personal Insurance Coverage Extension: Sometimes, insurers advise rideshare drivers to purchase insurance plans that extend their personal auto coverage. Your insurance company will integrate the policy with the personal vehicle insurance that your rideshare employer already offers you.
    • Hybrid Insurance Package: According to Insurify, major insurers designed the hybrid insurance package as a more convenient substitute for personal vehicle insurance plans.

      Are Ridesharing Services Beneficial?

      Ridesharing services help drivers earn a living. Passengers need ridesharing services to reach their desired destination at any time of the day.

      What Are the Safety Tips for Ridesharing Drivers?

      Ridesharing drivers need to follow these safety precautions to prevent accidents and protect themselves, according to Allstate:

      • Always park your car in a safe spot.
      • If a passenger seems dangerous to you, don’t take them.
      • Fix a dashboard camera in your car to discourage unruly passengers.

        Check this out if you need additional information, resources, or guidance on car insurance.

        Sources:

        Ridesharing Tips for Drivers and Passengers | allstate.com

        2021 Allstate Rideshare Insurance | wallethub.com

        Rideshare Insurance: 10 Best Auto Insurance Companies for Uber and Lyft Drivers (2021) | insurify.com

        Insurance for Lyft and Uber: Everything You Need to Know | caranddriver.com

        Lyft Insurance: Everything You Need to Know | caranddriver.com

        Car Insurance | caranddriver.com

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