Marissa Hayes is a technical editor and contributing writer. She holds a Bachelor’s Degree in history, and she was the editor of the literary magazine, The Bluestone Review.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Car Insurance Agent

UPDATED: Oct 1, 2021

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The Short of It

  • Lyft drivers are required to carry commercial coverage to use their vehicle for work
  • Most major auto insurance companies offer commercial coverage
  • Commercial coverage costs more than a personal auto insurance policy

If you are looking to buy auto insurance from companies that cover Lyft drivers, there are some things you should know. Most major insurers cover Lyft drivers. However, there’s specific rideshare auto insurance needed.

We’re going to cover what type of rideshare insurance policy you’ll need. Then, we’ll see which companies offer that coverage. Lastly, we’ll look over company ratings.

Type your ZIP code into our free and helpful tool above. With it, you’ll find the most affordable rates from companies that cover Lyft drivers.

What type of policy do I need to drive with Lyft?

Are there auto insurance companies that don’t cover Lyft drivers?

Most major insurance companies cover Lyft drivers. The catch is that a personal policy won’t be enough. Lyft drivers need what is known as commercial auto insurance.

Why does a Lyft driver need commercial coverage? Commercial policies are used to cover a business. When an individual transports people for a rideshare service, they are using their vehicle for business.

When behind the wheel and delivering passengers, they must have proper coverage. Next, we’ll see how much this coverage is.

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Auto Insurance Rates from Companies That Cover Lyft Drivers

Now, we know that you will need commercial coverage. We also know that commercial coverage is more expensive than a personal policy.

Commercial coverage typically includes the benefits of a personal policy. After all, the Lyft driver still needs to get to and from work.

Let’s take a look at a table that shows monthly commercial auto insurance rates. These rates are organized by type of vehicle.

Average Minimum and Maximum Monthly Insurance Rates for Commercial Policies by Vehicle Type
Vehicle TypeMonthly Minimum Commercial Auto Insurance RatesMonthly Maximum Commercial Auto Insurance Rates
Cab$416$833
Car$50$273
Delivery Van$275$516
Limousine$333$500
Semi-truck$667$1,041
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As you can see, it is cheaper to use a regular car. A delivery van is the next cheapest at over five times as much.

To conclude, let’s wrap up with an analysis of major insurers’ ratings.

Auto Insurance Companies that Cover Lyft Drivers: Company Ratings

What is the best way to learn if a company is reputable? A.M. Best is an organization that gauges a company’s present and future financial stability.

Let’s take a look at a table that shows the A.M. Best Financial Strength Ratings of some major insurers. All of these companies offer commercial coverage

New Hampshire A.M. Best Ratings
CompanyAM Best Rating
AllstateA+
GEICOA++
NationwideA+
ProgressiveA+
SafecoA
State FarmA++
USAAA++
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GEICO, State Farm, and USAA all hold A.M. Best’s highest rating. Allstate, Nationwide, and Progressive are only slightly behind.

In short, there are options for a reputable insurer that can cover you. This includes while you are using your vehicle for business.

We hope we’ve answered all the questions you had about companies that cover Lyft drivers. Type your ZIP code into our free and helpful tool below to find affordable auto insurance rates in your area.

Frequently Asked Questions: Auto Insurance Companies that Cover Lyft Drivers

What follows are two commonly asked questions about auto insurance companies that cover Lyft drivers.

#1 – Can I get rideshare insurance in Florida?

Commercial coverage is offered in every state. Some companies also offer rideshare add-on coverage (like Nationwide).