Insurance Companies that Cover Uber

If you want to make some extra cash b being an Uber driver or Uber delivery driver, it is best to ensure you are insured. Insurance is the key here.

Insurance Companies that Cover Uber

That’s why we are going to introduce some of the best companies that offer insurance for Uber drivers.

• Mercury Insurance

Mercury General Corporation was founded in 1961, and its headquarters is located in Los Angeles. It offers auto, home, and business insurance. Mercury Insurance has 4,500 employees and more than 8,000 independent agents in 11 states. It is also highly rated.

Unfortunately, J.D. Power did not rate this company, but it received an A (Excellent) in A.M. Best Financial Strength Rating.

Mercury Insurance offers a complete TNC cycle as additional coverage to rideshare drivers’ personal policies. Many factors can affect your rate, such as age, vehicle, driving record, but Mercury advertises add-ons that cost only $0.90 per day.

Also, for budget-conscious drivers, Mercury does not require a minimum coverage amount.

Mercury offers reasonable prices for rideshare add-ons, but it is only available in some states, not all.

• Allstate Insurance

Allstate Insurance is an American-based insurance company founded in 1931. Its headquarters are located in Northfield Township, Illinois, near Northbrook. It has the most expensive policies among all other companies; in fact, the average cost of a policy from Allstate is above the average insurance cost in the U.S.

Besides auto insurance, customers can also purchase other types of insurance from Allstate, such as renters insurance, homeowners insurance, and life insurance.

However, the J.D. Power Auto Insurance Study showed that Allstate has the highest customer satisfaction, and J.D. Power Overall Satisfaction rated Allstate 3 out of 5, which is around average.

Also, in A.M. Best Financial Strength Rating, it received A+ which means it has superior financial strength.

Allstate offers two coverages for ridesharing drivers:

Ride for Hire is a ridesharing endorsement. This coverage is an add-on, which means it attaches to your personal policy.

The best point about this endorsement is that it fills the two most costly gaps in TNC; the difference between TNC and individual policy deductibles and the lack of complete coverage while waiting for passengers.

Hybrid personal-commercial policy. This policy replaces your personal coverage and applies to both riders and drivers in covered vehicles.

Allstate Car Insurance Reviews

As mentioned, it is only available in a handful of states, but not all, and the prices change according to that state’s laws.

Allstate’s hybrid personal-commercial coverage was created by the partnership of this company and Uber, and it is available in New York, Illinois, New Jersey, and other states.

• Progressive Insurance

The Progressive Corporation is an American insurance company founded on March 10, 1937. It is headquartered in Mayfield Village, Ohio, USA.

With about 84 services, Progressive insurance provides insurance with reasonable prices and a combination of unique programs and discounts that can get you the most affordable policy.

Progressive got 3 out of 5 overall, about average, from J.D. Power Overall Satisfaction Rating and an A+ from A.M. Best Financial Strength Rating.

Progressive does have a rideshare insurance option as an add-on, which provides as much as you’d like or as little as the minimum coverage that your state mandates while you’re waiting for a fare.

Also, Progressive’s policy pays the difference between your personal policy deductible and TNC’s insurance deductible.

If the law of the state you live in allows you, the s rideshare insurance coverage that Progressive offers can extend to drivers working for goods and food delivery apps.

Progressive Auto Insurance Reviews

• GEICO

The Government Employees Insurance Company, known as GEICO, is an American auto insurance company located in Chevy Chase, Maryland. GEICO was founded 85 years ago in 1936, and it is the second-largest auto insurer company in the United States.

GEICO is ranked second in the United States for customer and claims satisfaction. J.D. Power Overall Satisfaction Rating gave GEICO 3 out of 5, and A.M. Best Financial Strength Rating gave the superior rating of A++.

GEICO’s rideshare insurance policy is excellent for Lyft drivers. The perks you can take advantage of if you get your policy from them include:

A $0.25 bonus on every Lyft rides you complete, up to $500 every six months.
GEICO deductibles are ten times lower Lyft’s standard $2,500 deductible, which means it is $250.

The rideshare coverage that you get from GEICO will replace your personal auto coverage on any vehicle you use for Uber or Lyft.

So, if you already have insurance with another company, first cancel the existing rideshare insurance you have on your personal policy and apply for a rideshare insurance plan for that vehicle only. GEICO rideshare coverage is available in most states.

GEICO Car Insurance Reviews

• State Farm Insurance

State Farm is the auto insurance provider in the United States with 99 years of A++ (financial strength rating) service. It was founded in 1922, and its headquarters is located in Bloomington, Illinois.

A.M. Best Financial Strength rated State Farm A++ and J.D. Power Overall Satisfaction Rating gave 3 out of 5 to this company.

State Farm offers ridesharing insurance as an add-on to existing personal car insurance policies. The add-on can extend State Farm’s medical liability coverage to cover rideshare drivers and passengers, but only when the driver is logged into the TNC app.

Also, if you get ridesharing coverage from State Farm, you get to extend two add-ons:

• Roadside assistance
• Rental car reimbursement

These two will cover ridesharing activities plus personal vehicle use. Another perk you can take advantage of is that it covers the deductible gap between TNC insurance and the policyholder’s personal State Farm policy.

Like many other companies, when the policyholder is on the way to pick up a passenger, or they are carrying the passenger to the destination, State Farm ridesharing policy acts as the policyholder’s primary coverage at all times.

You should know that if you have a policy with State Farm and you need to make a claim, you won’t have to engage with your TNC’s claims department at all, State Farm handles everything on your behalf.

If you want to know what kind of coverage you have while you work for Uber or have any further questions, you can check our article on Uber Insurance Uber vehicle insurance