Esurance Rideshare Coverage Now Available in California
San Francisco, CA – Jan. 29, 2018
Today, Esurance announced that Californians who drive for rideshare companies, such as Uber and Lyft, have a new insurance option that offers protection whether the driver is waiting for a ride request, on the way to pick up a passenger, or driving a passenger.
Typically, a rideshare company's insurance covers drivers while they're picking up a passenger or driving them to their destination. What it doesn't fully cover is the time period when the rideshare app is turned on and the driver is waiting for a ride request. That's where rideshare insurance kicks in. Esurance's rideshare product, called ShareSmart®, helps drivers bridge the coverage gap for the period of time when they're waiting for a ride request and accepting a ride.
"Ridesharing companies have grown in popularity, especially in California, which has the most rideshare drivers in the country," said Eric Madia, vice president, product at Esurance. "Recent ridesharing trends are one way that we're seeing our transportation system evolve, and at Esurance, we're creating products that meet the demands of today's modern consumer, ensuring they're optimally protected."
If a rideshare driver has comprehensive and collision coverage on their personal auto insurance policy, they can add ShareSmart to ensure they're covered in case an accident occurs while they're waiting to accept a ride. The endorsement is available to all California rideshare drivers who qualify for an existing Esurance policy and is tied to the specific vehicle used for rideshare driving. Existing Esurance customers can add the endorsement to their policies at their next renewal. Esurance is evaluating rolling out rideshare coverage to additional states in 2018.
For more information about Esurance ShareSmart, please visit www.esurance.com/sharesmart.
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