Illinois Rideshare Insurance
If you are thinking about driving for Uber or Lyft, or already do, it is crucial to make your insurance provider aware of it. There are serious consequences to driving without proper insurance.
If you fail to report to your car insurance company that you are driving for a rideshare company. Then the insurance provider has the right to cancel the policy for material misrepresentation. Having a cancelled policy for material misrepresentation will most likely mean higher premium rates in the future.
At Insurance Navy, we work with rideshare drivers to keep their cars and passengers under protection, wherever you are in the stage of the trip. It is also important for drivers to understand what options they have and how rideshare insurance policies work. Most drivers are not aware of the type of coverage, if any, they have from their personal insurance company.
At Insurance Navy, we offer rideshare insurance quotes for free via our site or app, as well as over the phone. In terms of ridesharing coverage, there are three periods recognized by the insurance industry.
This is when a rideshare app is on and the driver is actively looking for customers. Then rideshare insurance and personal auto insurance do not insure the driver. At this point, the rideshare driver is COMPLETELY UNINSURED.
This is when a driver has accepted a ride and is paired with the passenger. After that, and the driver is en route, they are insured under the rideshare company’s insurance.
This period starts when the customer is picked up until the customer gets out of the car.
Why Rideshare Insurance Is Important
Uber and Lyft only provide commercial insurance while drivers are with a passenger. Due to this, it leaves the driver uninsured during period one. This is due to auto insurance companies considering rideshare programs a commercial activity.
To avoid this gap in coverage, drivers need to get a complete ridesharing insurance plan. Rideshare insurance Chicago will cover you during all three periods. From waiting for a passenger to dropping them off at their destination.
Do you still have more questions about personal car insurance for Uber and Lyft drivers, or coverage gaps? Moreover, do you want to know more about rideshare insurance cost or collision coverage?
Our agents and customer service representatives are here to help. Call us today at 1-888-949-6289 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.
Insurance Navy also has 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 and local news.
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 proper steps to take after Godzilla damages your car.
*Please review your own policy carefully for details on rideshare insurance. Rideshare insurance coverage varies by contract, whether you’re working with us, state farm, or any other provider.
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