Driving for a ride-sharing company such as Uber or Lyft, is currently an excluded coverage on auto and umbrella policies, when you have subscribed to pick-up and transport passengers in your vehicle. There is policy language that excludes transporting passengers for a fee.
Depending on your insurance carrier, limited coverage may be available when you are signed on to the transportation app and waiting for someone to ping you that they need a ride. Once you accept the ping, and agree to pick up and transport the passenger, you have no insurance from your own coverage(s).
We have quoted these coverages in the past year for a handful of our clients and have found annual premiums that start at $10,000 with the carriers that we represent. If you currently drive for Uber, Lyft or another Transportation Network Company, please call us so we may quote coverage options that will protect you in the event of a loss. Coverage provided by these network companies does not provide adequate protection for your assets.