Insurance policies will vary by company; however, all rideshare drivers are required to have their own insurance in order to be eligible to work for a ridesharing company. In addition to the driver’s insurance, Lyft carries up to $1 million of liability company insurance. However, this coverage is only in effect when at certain times:
Lyft App is OFF: Only the driver’s personal insurance is in effect.
App is ON and Driver is “Available”: In addition to driver’s insurance, Lyft’s contingent liability coverage can now be accessed. This includes up to $100,000 for injuries.
Driver is on Lyft Trip: Company’s full commercial insurance coverage is in effect. This includes $1 million in third party liability and $1 million in uninsured and underinsured coverage.