Rideshare Insurance in Vermont

T.S. Peck Insurance
Rideshare Insurance Vermont

What is rideshare insurance?

Driving for rideshare platforms, such as Uber and Lyft, presents unique insurance considerations. Vermont drivers who work on such platforms should check their insurance options, including rideshare insurance.

Rideshare insurance is specialized auto coverage for rideshare drivers. Policies are a hybrid of personal auto insurance and commercial auto insurance.

Get a Quote

Client Testimonials

“Friendly and prompt – I have been with T.S Peck for many years and have no complaints with their trusted service. They have always taken a friendly approach to their craft and are always willing to answer all of my questions!”

John S.

“We Contacted T.S Peck Insurance to inquire about auto insurance/ After with with Jake, we explored combining our auto and home insurance, in turn realizing a big savings.”

Lary P.
“When I called for a quote, my agent was personable and helpful. He always got back to me quickly with answers, which is extremely important. The entire process was handled in a timely manner and was able to meet my expectations and beyond.”
Dayne D.
“Jake Hynes and the folks at T.S. Peck have been awesome to work with! As a recent start-up, we were new to the “buying business insurance” scene. One phone call and all our concerns were laid to rest. The service has been great and the prices are very competitive. We recently price shopped again and found we were still in the best hands!”
Scott L.
Rideshare Insurance Vermont

What Vermont drivers need rideshare coverage?

Most Vermont drivers who work through rideshare platforms should consider rideshare insurance. Standard personal auto policies don’t necessarily cover rideshare driving.

What types of rideshare policies are available?

Drivers can often get rideshare policies a few different ways. Each option has its advantages and disadvantages.

Some drivers may choose to purchase insurance through the rideshare platform that they work on. This is often the most convenient option, as most platforms are required to provide transportation network coverage (TNC) that provides basic protections. Additional coverage might be available through a platform for an extra fee.

In either case, however, policies obtained through rideshare platforms may have substantial coverage gaps. They might only offer coverage when logged into the platform’s app, so drivers may not be covered between offering rides. The coverages included in these policies also tend to be fixed, and might not provide all of the protections that drives want.

Some personal auto insurance policies now have a rideshare endorsement. Although a personal policy’s standard protections are unlikely to cover paid driving — including rideshare driving — insurance companies are increasingly offering add-on endorsements that provide coverage for rideshare driving. This may be an affordable way to get important coverage.

If neither of the other options is suitable, select insurance companies now have rideshare policies. These policies offer a robust combination of protections, and are typically customizable.

An insurance agent who specializes in rideshare policies can help drivers compare each of these options (including a platform’s policy), and make a determination as to which solution is best for their particular situation.

What coverages should rideshare drivers look for?

No matter how they procure insurance, rideshare drivers should investigate multiple coverages. Some important protections to check are:

  • Bodily Injury Liability Coverage, which may cover injuries to persons not inside a driver’s vehicle
  • Personal injury Protection, which may cover medical costs and other expenses resulting from injuries to persons in the driver’s vehicle
  • Medical Payments Coverage, which may cover medical costs resulting from injuries to persons in the vehicle
  • Property Damage Liability Coverage, which may cover damage to passengers’ or others’ property
  • Comprehensive Coverage, which may cover damage to the vehicle resulting from incidents other than collisions
  • Collision Coverage, which may cover damage to the vehicle resulting from collisions with other vehicles
  • Uninsured and Underinsured Motorist Coverage, which may cover collisions involving uninsured drivers
  • Rental Car Reimbursement Coverage, which may pay for a rental vehicle if a driver’s vehicle is out of commission due to a covered incident

Drivers may also want a policy that offers roadside assistance. A knowledgeable insurance agent can help explore all coverage options.

Rideshare Insurance Vermont

How much are the premiums for rideshare coverage?

The cost of rideshare coverage depends on how the coverage is purchased, as well as the vehicle year, make and model, the driver’s record and experience, and many other details. An independent insurance agent can help drivers compare coverage solutions from various insurers, looking at both protections and costs.

How can drivers in Vermont get rideshare insurance?

For help purchasing rideshare insurance, contact the independent insurance agents at T.S. Peck Insurance. Our agents have the expertise to help you find rideshare insurance, and we can assist with personal auto policies if you need a new one of those too.

Get in touch with our team!

T.S. Peck Insurance

For questions or concerns, please contact our independent insurance agents.

Office: 41 IDX Drive, Suite 135
South Burlington, VT 05403

Office: 158 Lake St,
St Albans, VT 05478