Rideshare Drivers: Think You’re Fully Covered by Uber or Lyft? Think Again.

Most Uber and Lyft drivers know they’re protected by a $1 million insurance policy when they’re actively on a trip. But here’s what many don’t realize — if you’re in an accident while driving a passenger, you’re responsible for a $2,500 deductible before that insurance actually pays out. That’s right: $2,500 out of your own pocket before you get any help. A Costly Surprise Most Drivers Don’t See Coming Imagine this: You’re driving for Lyft on a Saturday night, get into an accident that’s not your fault, and your vehicle ends up needing $4,000 in repairs. Lyft’s insurance covers the claim — but you still have to pay $2,500 upfront before anything kicks in. That’s not just frustrating. For many drivers, it’s financially...