GEICO has announced that it is now offering its ridesharing product in 24 states. The product delivers coverage to serve Uber, Lyft, Split, and other on-demand service drivers, the insurer said in a statement.
The list of states include Colorado, Illinois, Iowa, Indiana, Louisiana, Mississippi, Nebraska, New Mexico, Oklahoma, Oregon, South Dakota, Arizona, Iowa, Vermont, Wyoming, South Carolina, Georgia, Virginia, Maryland, District of Columbia, Texas, Connecticut, Pennsylvania, and Ohio.
GEICO said that, bridging the coverage gap, its ridesharing product combines coverage options into a single policy that protects drivers during both ridesharing and personal use when the rideshare app is on or off, with or without passengers in the vehicle. The policy addresses the needs of on-demand service drivers and eliminates the need to have two separate policies, according to the company.
“Since its first introduction to the market last year, GEICO's ridesharing insurance solution has consistently received positive feedback from policyholders on its affordable pricing and hassle-free service,” said Othello Powell, the director of commercial lines. “As we continue to monitor the unique needs of ridesharing drivers, we're even more determined to grow our ridesharing product to serve many more drivers in many more states.”
Learn more: https://www.geico.com/.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].