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Why do rideshare businesses need insurance?
If a driver arrives late or fails to pick up a passenger, the result could be a lawsuit. Business insurance can help pay for legal costs from dissatisfied customers or someone who sues over an auto accident. It can also cover medical bills, business property damage, and data breaches.
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With Insureon, you can compare quotes online and get same-day coverage.
A licensed insurance agent will help you find affordable rideshare insurance that matches your risks and your budget.
What types of insurance do you need for rideshare businesses?
These commercial insurance policies cover the most common risks faced by rideshare services.
General liability insurance
This policy covers third-party lawsuits, such as a customer who slips getting into your car and suffers an injury. It's often the first policy purchased by a small business.
BEST FOR
- Customer bodily injuries
- Customer property damage
- Slander and other advertising injuries
Business owner's policy
A business owner's policy, or BOP, is a cost-effective way for rideshare companies to buy general liability coverage and commercial property insurance together.
BEST FOR
- Accidents that harm customers
- Stolen or damaged business property
- Business interruption insurance
Commercial auto insurance
This policy covers financial losses from auto accidents involving your business's rideshare vehicles. Most states require this coverage for vehicles owned by a business.
BEST FOR
- Auto accident injuries
- Property damaged by your vehicle
- Theft or vandalism of a rideshare vehicle
Workers' compensation insurance
Most states require workers' comp for rideshare companies that have employees. It also covers work-related medical costs for sole proprietors, which health insurance can deny.
BEST FOR
- Employee medical expenses
- Disability benefits
- Workplace injury lawsuits
Cyber insurance
This policy helps ride-hailing services recover financially from a data breach or cyberattack. It's recommended for any business that stores email addresses or other customer information.
BEST FOR
- Data breach investigations
- Fraud monitoring services
- Customer notification costs
Errors and omissions insurance
E&O insurance covers legal defense costs when a rideshare driver fails to pick up a passenger or is otherwise negligent. It's also called professional liability insurance.
BEST FOR
- Missed rides
- Breach of contract
- Scheduling errors
Looking for different coverage? See more policies.
How much does rideshare insurance cost?
A driver who works independently for Lyft or Uber can expect to pay less for insurance than a rideshare business with several employees.
Factors that affect the cost of business insurance include:
- Business location
- Business revenue
- Number of employees
- Employee driving records
- Types of insurance purchased
- Policy limits and deductibles
- Claims history
How do I get rideshare insurance?
It's easy to get insurance for Uber drivers, Lyft drivers, and other transportation network companies (TNCs) and drivers if you have your business information on hand. Our application will ask for basic facts about your small business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
- Complete a free online application.
- Compare insurance quotes and choose a policy.
- Pay for your policy and download a certificate.
Insureon's licensed agents work with top-rated U.S. providers to find the right TNC policies for your business, whether you work alone or hire employees. Get peace of mind knowing you have the right protection for your risks.
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FAQs about rideshare insurance
Review answers to common questions about rideshare insurance policies.
Do I need rideshare insurance in my state?
Yes, rideshare insurance coverage is required in every state, both by state law and by the rideshare companies.
Vehicles owned by a business should be covered by commercial auto insurance, while personal vehicles used for work purposes can be covered by hired and non-owned auto insurance (HNOA).
Your policy must meet your state's minimum coverage requirements and those of the rideshare company. You must also comply with any special requirements for TNCs, such as those outlined by California law.
These types of auto insurance might be required:
- Bodily injury liability
- Property damage liability
- Personal injury protection (PIP)
- Uninsured/underinsured motorist coverage
Rideshares and other for-hire transportation businesses may have additional requirements based on the laws in their city, county, or other locality. Typically, this depends on:
- Where you operate
- Type of vehicle, such as a sedan or limo
- The vehicle's seating capacity
For example, the New York City Taxi & Limousine Commission (TLC) mandates different coverage limits for luxury limos, black cars, and other for-hire vehicles, depending on the type of vehicle and how many passengers it holds.
In addition to auto insurance, most states require businesses to carry workers' compensation insurance for their employees.
Does personal car insurance cover my rideshare trips?
Your personal auto insurance policy only covers personal use of your vehicle—not business use—so it won't cover your rideshare trips. However, it might provide coverage in certain situations, such as before a ride request is accepted or while the rideshare app is off.
Some insurance companies offer HNOA or rideshare coverage as an add-on to personal auto insurance, which will provide protection if you get into an accident while driving for Uber or another rideshare company. Other times, you can buy it as a standalone policy.
Talk to an insurance agent to find rideshare coverage that meets your specific needs and to fill in any coverage gaps.
What is the best insurance for Uber drivers?
First, it's important to know that the insurance provided by Uber and other rideshare companies is not typically the best. Their policies usually come with a high deductible or low limits, which can leave you paying exorbitant out-of-pocket costs after an auto accident.
The best insurance for Uber drivers and other rideshare drivers would be a hired and non-owned auto policy, or a rideshare endorsement to your personal car insurance policy. Look for the following characteristics:
- Low deductible. With a low deductible, you only have to pay a small amount before your insurance kicks in to cover a claim.
- Higher limits. Your insurance company will cover claims up to the policy's limits. Choosing higher liability limits gives you greater financial protection in the event of an accident.
- A-rated carrier. The most trusted insurance providers are rated A or better by the credit rating agency AM Best.
If you opt for a commercial policy, then you can include additional coverages. Collision coverage pays for damage caused by vehicle collisions, while comprehensive coverage pays for damage from hail, vandalism, falling branches, and animal collisions.
Better coverage costs more, but it's always possible to save money. With Insureon, you can compare quotes from A-rated carriers to find auto insurance coverage that matches both your risks and budget.
Is DoorDash considered "rideshare" for insurance coverage?
Yes, DoorDash and other delivery services are sometimes considered a rideshare for insurance purposes. You may need a TNC or rideshare endorsement in order to be properly covered while en route to a delivery destination.
However, the specifics depend on your state laws and your insurance company. You'll need to ask your insurer whether Dashers are covered, or whether you can add an endorsement to your personal auto policy.
While DoorDash does offer coverage, it's only a minimal amount of liability coverage during the "Delivery Service" period. If an accident happens at any other time, or your vehicle is damaged, it won't provide coverage.