When you’re driving yourself and get in an accident, your insurance will typically cover you for any personal injuries. Similarly, if you’re taking a taxi, you’ll be covered by the taxi company’s insurance. But what if you’re taking an Uber, a Lyft, or another rideshare vehicle? These are new, uncharted waters. Thankfully, there are already laws in place to keep you protected. Here’s what you need to know about insurance coverage in a rideshare vehicle.
What California Requires
In the state of California, rideshare companies are required to provide certain protections to their riders. In fact, the rideshare company itself is required to carry a $1 million liability insurance policy. This is in addition to any liability coverage your rideshare driver may be carrying. But even if the driver isn’t following the rules, the rideshare company itself is still going to have you covered.
For rideshare drivers, your insurance coverage is going to vary depending on which company you’re driving for. Uber offers $1 million of coverage, with a $1,000 deductible. So you’ll need to pay $1,000 out of pocket if one of your passengers is injured. Lyft’s coverage comes with a $2,500 deductible, so you’ll have to pay more out of pocket if you’re driving for them.