Rideshare Insurance Cost

Firstly, rideshare insurance cost varies based on the same factors that influence your personal car insurance. Whether you’re with Uber or Lyft, or some other ridesharing service.

These factors include but are not limited to:

Date Of Birth

Older drivers are less likely to have accidents. According to the Insurance Information Institute, insurance companies typically charge more if you have teenagers or people under 25 listed on the policy.


Statistically, men have more accidents, DUIs, and more serious accidents compared to women. As a result, men often pay more for auto insurance than women.

Marital Status

Statistically, married couples are less likely to have car accidents and injuries and often pay less than single policyholders.


With your zip code, Insurance Navy can check vandalism, theft and accident rates, medical and repair costs, as well as the weather in your area. These can cause your insurance rate costs to go up or down. Typically, people in larger cities pay more than people in rural areas do.

Driving Record

A good driving record means a lower premium. If you have serious accidents, DUIs or license suspensions, you may pay more for an insurance policy. Or, you may even require an SR-22 filing for a number of years.


A vehicle identification number allows Insurance Navy to look up the summary of a car. This includes the make and model, body style, engine and transmission type. The VIN also contains more information the insurance company may want to know. Such as, if the car has any safety enhancements, braking systems or recalls that may cause an accident.


ACVs and symbols are used to assess the risk of insuring a car. Symbol ratings determine the danger of bodily and property injury and medical costs associated with the specific make and model.

Desired Coverage

Adding extra coverages will cause your commercial insurance coverage rates to go up.

Coverage Periods

Some companies offer rideshare insurance but it’s important to know when exactly you are covered. For Lyft or Uber drivers unaware of periods 1,2 and 3, we’ll elaborate. Period 1 is when a rideshare driver has the app on and is actively searching for a passenger. 

After the driver has accepted a ride request, that’s when period 2 begins. Period 2 is the window of time when a driver is en route to the customer who requested a ride. Finally, period 3 begins when the passenger enters your car and ends when the passenger exits.

More Information

Want to know more about rideshare insurance cost, full coverage, or fully covered medical expenses? Our agents and customer service representatives are here to help with your ridesharing coverage needs. Call us today at 888-949-6289 or visit your nearest Insurance Navy location. For your convenience, Insurance Navy is open from 8 a.m. to 9 p.m. CST, 7 days a week.

We can help you find an insurance quote right on our website. Because we want to help you save money wherever possible, we offer our insurance quotes completely free of charge.

We also have a strong presence on social media. So, like or follow us on Twitter, Facebook, Instagram, Pinterest, or YouTube. After that, we can keep you updated on helpful topics regarding rideshare drivers, collision coverage in the event of an accident, local news, and much more.

Lastly, we also have blogs that may help you with any questions you have. For instance, our blogs cover many different topics. From the pros and cons of driving for ridesharing companies, to insurance coverage for small businesses.

*Please review your own policy carefully for details on rideshare insurance. Rideshare insurance cost varies by contract.