Rideshare Insurance: What Uber and Lyft Drivers in Florida Need to Know

The gap in your personal policy

Most personal auto policies exclude driving for hire. If you have the Uber or Lyft app on and get in an accident, your personal carrier can deny the claim. The rideshare companies provide some coverage, but it depends on which period you are in, and the first period is thin.

The three periods

Period 1: app on, waiting for a ride request. The rideshare company provides limited liability coverage only. No collision or comprehensive for your car. This is the gap.

Period 2: ride accepted, driving to pick up the passenger. The rideshare company's commercial policy applies, typically $1 million in liability, and collision coverage for your car if you carry it on your personal policy, subject to a deductible.

Period 3: passenger in the car until drop off. Same as period 2.

Florida requirements

Florida law requires rideshare drivers to carry, while logged in and available, at least $50,000 per person and $100,000 per incident in bodily injury liability, $25,000 in property damage liability, and PIP. The rideshare companies generally provide this during period 1, but nothing for your own vehicle.

What a rideshare endorsement does

A rideshare endorsement extends your personal auto policy to cover period 1, so your collision and comprehensive apply while you are waiting for a request, and your liability limits back up the rideshare company's minimums. It typically costs a modest amount per month on top of your existing policy. Not every carrier offers one, so if your current company does not, we can move you to one that does.

Tell your insurer

Driving for a rideshare company without telling your carrier is a material misrepresentation. If they find out after a claim, they can deny it and cancel the policy. Call us at (305) 315 4357 and we will quote the endorsement or a carrier that offers it.

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