Allstate Rideshare Coverage Approved in California
California Insurance Commissioner Dave Jones has approved a new rideshare insurance product from Allstate Insurance.
The Allstate coverage is for for people driving for transportation network companies like Uber and Lyft.
Beginning in April, TNC drivers will have the option to purchase Allstate’s “Ride for Hire” endorsement for an estimated additional $15 to $20 annually for improved insurance coverage during Period 1, while the app is activated and the driver is looking for a new fare.
Allstate’s new coverage provides rideshare drivers coverage throughout the entire ride cycle. Previously, drivers were only covered by TNC commercial insurance once they accepted a ride.
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