Best Car Insurance Company That Covers Lyft Drivers (2023)
If you need to find car insurance companies that cover Lyft drivers, you have options. Most car insurance companies offer commercial coverage. This business insurance is required for those who drive Lyft. This is because they are using their car as a business while delivering passengers. Always be sure to compare rates from at least three companies that cover Lyft drivers. For instance, USAA, Allstate, and State Farm all cover Lyft drivers.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...
Farmers CSR for 4 Years
UPDATED: Jun 17, 2022
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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Jun 17, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Some major car insurance companies don’t cover Lyft drivers
- Most major car insurance companies cover Lyft drivers and are well-reviewed
- Lyft drivers need to purchase commercial car insurance
Lyft is a rideshare service where individuals operate their own vehicles as a taxi service. Consequently, you’ll need specific rideshare car insurance. Fortunately, there are many car insurance companies that cover Lyft drivers.
We are going to go into which car insurance companies offer rideshare coverage for Lyft drivers. Then, we’ll analyze rates. Finally, we’ll look at company ratings from A.M. Best.
Before we find the best car insurance companies that cover Lyft drivers, type your ZIP code into our free and helpful tool above. With it, you’ll find quotes from companies that cover Lyft drivers.
What are the car insurance companies that cover Lyft drivers?
You need to buy car insurance from a company that covers Lyft drivers. Consequently, you’ll need to find a company that offers commercial insurance.
Commercial coverage is the type of insurance that covers a business. Since you’re using your car as a business, commercial insurance applies.
What are some car insurance companies that cover Lyft drivers?
USAA, American Family, GEICO, Allstate, Erie, Safeco, State Farm, Farmers, and Travelers all cover Lyft drivers.
Now we have an idea of Lyft coverage availability. Next, let’s see how easy it is to buy affordable car insurance from companies that cover Lyft drivers.
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Rates from Car Insurane Companies That Cover Lyft Drivers
Is commercial coverage more expensive than a personal car insurance policy? On account of the greater risk the insurer is taking, yes.
Vehicles used for business purposes tend to have higher claims. An insurer increasing rates is a safeguard.
What’s covered in commercial insurance? Let’s take a look at a few examples in the next table.
| Company | Liability | Uninsured Motorist | Comprehensive Coverage | Collision | Medical Coverage | Rental | Hired Non-Owned |
|---|---|---|---|---|---|---|---|
| Allstate | ✓ | ✓ | ✓ | ✓ | ✗ | ✓ | ✗ |
| GEICO | ✓ | ✓ | ✓ | ✓ | ✓ | ✗ | ✗ |
| Progressive | ✓ | ✓ | ✓ | ✓ | ✓ | ✗ | ✓ |
| State Farm | ✓ | ✓ | ✗ | ✗ | ✓ | ✗ | ✗ |
Now, let’s see how much you’ll be paying based on vehicle type.
| Car Type | Minimum Annual Commercial Auto Insurance Rates | Maximum Annual Commercial Auto Insurance Rates |
|---|---|---|
| Cab | $5,000 | $10,000 |
| Car | $600 | $2,400 |
| Cargo/Delivery Van | $3,300 | $6,200 |
| Limo | $4,000 | $6,000 |
| Semi | $8,000 | $12,500 |
As you can see, as long as you’re using a standard four-door sedan your minimum annual rates could be less than $1,000.
Let’s wrap up by seeing how some of these major insurers are rated.
How do Lyft car insurance companies rate?
One of the best ways to determine if an insurance company will meet your needs is A.M. Best. This organization gauges how financially secure a company is.
| Company | A.M. Best Rating |
|---|---|
| Allstate | A+ |
| American Family | A |
| Farmers | A- |
| GEICO | A++ |
| State Farm | A++ |
| Travelers | A++ |
| USAA | A++ |
These seven companies all cover Lyft drivers. Furthermore, they are all well-reviewed. State Farm, Travelers, USAA, and GEICO even hold A.M. Best’s highest rating.
In short, there are options for companies that cover Lyft drivers. Type your ZIP code into our free and helpful tool below. You’ll find rates from companies that cover Lyft drivers in your area.
Frequently Asked Questions: Car Insurance Companies That Cover Lyft Drivers
Below are two questions commonly asked about the topic.
#1 – Is there GEICO rideshare insurance?
Yes, GEICO is one of the major insurance companies that cover Lyft drivers.
#2 – Is there rideshare insurance in Florida?
Yes, commercial coverage is available in every state. However, rates may vary.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
Secured with SHA-256 Encryption
Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.