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Both Uber and Lyft have insurance policies that cover drivers and passengers during rides, and in most cases the maximum coverage per accident is $1 million. h

Both Uber and Lyft have insurance policies that cover drivers and passengers during rides, and in most cases the maximum coverage per accident is $1 million. https://www.uber.com/drive/insurance/ https://www.uber.com/drive/insurance/ https://help.lyft.com/hc/en-us/articles/115013080548-Insurance-Policy https://help.lyft.com/hc/en-us/articles/115013080548-Insuran...

pzxc 9y ago
However, the insurance provided by Uber and Lyft only cover when you have a passenger in the car -- they don't cover you when you are driving to pick up the next person. And your own insurance also doesn't cover you during that period, unless you buy a separate commercial rider.
- V-eHGsd_ 9y ago
  that's not true. it covers the driver while the app is on. https://www.uber.com/drive/insurance/ https://www.uber.com/drive/insurance/ > While you’re online with Uber before you accept a request, you are covered by our insurance policy for your liability to a third party if you are in an accident when you’re at fault
  - giancarlostoro 9y ago
    Only when you're at fault?
    - jachee 9y ago
      If the other party is at fault, their insurance should cover their liability for your damages.
      - DrScump 9y ago
        ... if they have valid insurance and if they don't flee the scene.
- aianus 9y ago
  Both of these statements are false, at least here in Canada. My insurance knows exactly what I'm doing and I'm covered at all times [0] [0] https://www.intact.ca/on/en/personal-insurance/vehicle/car/uber-ride-sharing.html https://www.intact.ca/on/en/personal-insurance/vehicle/car/u...
- cornellwright 9y ago
  When I last renewed my insurance it offered me coverage for driving for rideshare for an extra $50 per 6 months (I think - I've never driven Uber/Lyft, so I didn't look too closely). If I'm remembering it right that sounds like a very reasonable price
foepys 9y ago
1 million is a laughable low coverage. Get into a single accident where someone has to get emergency surgery, a few months in the hospital, and then needs physical therapy to walk again. One million is gone faster than you can imagine.
- ars 9y ago
  1 million is far far higher than what most people carry. It's plenty.
  - foepys 9y ago
    Interesting. In Germany the lowest legally possible coverage is 7.5 million € for damages to a person plus 1.22 million for other damages, but 50 to 100 million is the general coverage. Just to give some perspective on how expensive accidents can be.
    - fludlight 9y ago
      Is this for commercial or personal drivers?
      - foepys 9y ago
        Personal drivers. Prices might be higher than in the US but it's hard to give an exact price or even a range because it varies a lot by vehicle type. I'm paying about 600€/year for a small and older VW. But a bigger car doesn't necessarily need to be more expensive because the parts to repair it could be cheaper or it's less likely to get into expensive accidents due to break assistance. I'm also covered for accidental damages caused by me outside of my car for up to 100 million € and that costs me only about 70€/year.
        fludlight 9y ago
        I’m paying about $1700/year for $1m coverage for two newer sedans with a combined value of about $40k. You can’t buy more coverage than that in the US without going to an insurance agent. It’s available but as a specialty product aimed at wealthy people. Most car insurance websites won’t quote coverage that exceeds $300k or $500k. The legal minimum, which is what many (most?) people have is like $60k. I’m sure some of this is due to the differences in our healthcare and legal systems. Ironically, it seems intuitive that Americans should have higher insurance limits than Germans, not the other way around.

pzxc 9y ago

However, the insurance provided by Uber and Lyft only cover when you have a passenger in the car -- they don't cover you when you are driving to pick up the next person. And your own insurance also doesn't cover you during that period, unless you buy a separate commercial rider.

V-eHGsd_ 9y ago
that's not true. it covers the driver while the app is on. https://www.uber.com/drive/insurance/ https://www.uber.com/drive/insurance/ > While you’re online with Uber before you accept a request, you are covered by our insurance policy for your liability to a third party if you are in an accident when you’re at fault
- giancarlostoro 9y ago
  Only when you're at fault?
  - jachee 9y ago
    If the other party is at fault, their insurance should cover their liability for your damages.
    - DrScump 9y ago
      ... if they have valid insurance and if they don't flee the scene.
aianus 9y ago
Both of these statements are false, at least here in Canada. My insurance knows exactly what I'm doing and I'm covered at all times [0] [0] https://www.intact.ca/on/en/personal-insurance/vehicle/car/uber-ride-sharing.html https://www.intact.ca/on/en/personal-insurance/vehicle/car/u...
cornellwright 9y ago
When I last renewed my insurance it offered me coverage for driving for rideshare for an extra $50 per 6 months (I think - I've never driven Uber/Lyft, so I didn't look too closely). If I'm remembering it right that sounds like a very reasonable price

foepys 9y ago

1 million is a laughable low coverage. Get into a single accident where someone has to get emergency surgery, a few months in the hospital, and then needs physical therapy to walk again. One million is gone faster than you can imagine.

ars 9y ago
1 million is far far higher than what most people carry. It's plenty.
- foepys 9y ago
  Interesting. In Germany the lowest legally possible coverage is 7.5 million € for damages to a person plus 1.22 million for other damages, but 50 to 100 million is the general coverage. Just to give some perspective on how expensive accidents can be.
  - fludlight 9y ago
    Is this for commercial or personal drivers?
    - foepys 9y ago
      Personal drivers. Prices might be higher than in the US but it's hard to give an exact price or even a range because it varies a lot by vehicle type. I'm paying about 600€/year for a small and older VW. But a bigger car doesn't necessarily need to be more expensive because the parts to repair it could be cheaper or it's less likely to get into expensive accidents due to break assistance. I'm also covered for accidental damages caused by me outside of my car for up to 100 million € and that costs me only about 70€/year.
      - fludlight 9y ago
        I’m paying about $1700/year for $1m coverage for two newer sedans with a combined value of about $40k. You can’t buy more coverage than that in the US without going to an insurance agent. It’s available but as a specialty product aimed at wealthy people. Most car insurance websites won’t quote coverage that exceeds $300k or $500k. The legal minimum, which is what many (most?) people have is like $60k. I’m sure some of this is due to the differences in our healthcare and legal systems. Ironically, it seems intuitive that Americans should have higher insurance limits than Germans, not the other way around.