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Lyft Driver Insurance: Cost & Quotes From $15/mo

Table of contents
1. Lyft Driver Insurance Requirements1.1. Who Pays More, Lyft or Uber?1.2. Does Lyft Track Its Drivers?1.3. Is It Safe To Use a Lyft Driver?2. General Liability Insurance for Lyft Drivers2.1. What Are the Coverage Limits of General Liability Insurance for Lyft Drivers?2.2. Add-Ons for General Liability Insurance for Lyft Drivers2.3. Does General Liability Insurance Cover Worker Injuries?3. Commercial Property Insurance for Lyft Drivers3.1. Add-Ons for Commercial Property Insurance for Lyft Drivers3.2. Coverage Limits for Commercial Property Insurance for Lyft Drivers4. Business Owner’s Policy for Lyft Drivers4.1. What Are the Coverage Limits for Business Owner’s Policy for Lyft Drivers?4.2. Add-Ons to Business Owner’s Policy for Lyft Drivers5. Commercial Auto Insurance for Lyft Drivers5.1. Coverage Limits of Commercial Auto Insurance for Lyft Drivers6. Workers Compensation Insurance for Lyft Drivers6.1. Does Lyft Provide Its Own Workers’ Compensation Policy?7. Lyft Insurance Cost8. Best Lyft Driver Insurance Companies8.1. NEXT Lyft Driver Insurance 8.1.1. Pros8.2. The Hartford Lyft Driver Insurance 8.2.1. Pros8.2.2. Cons8.3. CoverWallet Lyft Driver Insurance 8.3.1. Pros8.3.2. Cons8.4. Tivly Lyft Driver Insurance 8.4.1. Pros8.4.2. Cons8.5. Thimble Lyft Driver Insurance 8.5.1. Pros8.5.2. Cons8.6. Hiscox Lyft Driver Insurance 8.6.1. Pros8.6.2. Cons8.7. Progressive Lyft Driver Insurance 8.7.1. Pros 8.7.2. Cons8.8. Allstate Lyft Driver Insurance 8.8.1. Pros8.8.2. Cons: 8.9. GEICO Lyft Driver Insurance 8.9.1. Pros8.9.2. Cons

Not all want to ride a taxi. Those who prefer comfort over saving money for a ride can opt for Lyft. Lyft is a popular online transportation platform that competes with Uber. Consider getting insured because Lyft’s supplemental coverage might not be enough in case something bad happens while you’re trying to make money. If you didn’t know, Lyft driver insurance is a collection of policies that protect you and your vehicle. This article will cover the basics of the different components that you will need for Lyft insurance. 

Lyft Driver Insurance Requirements

If you have a personal automobile, virtually all states require you to have an auto insurance policy. However, Lyft does provide a supplemental Lyft insurance policy for their drivers to ensure that all their drivers can cover some liabilities on the road.

Bodily Injury per personBodily injury per accidentProperty damage per accident
$50,000$100,000$25,000


While this is nice to have, this coverage only applies when you have the app turned on and have the ability to receive ride requests. Many times during your Lyft driving, you will not be actively serving customers so it becomes crucial to assemble a decent Lyft car insurance policy to protect you from having to suffer from liability costs that are common on roadways.


Who Pays More, Lyft or Uber?

Lyft pays a slighter higher wage than Uber. Lyft pays an average of $17.650 per hour, while Uber pays $15.68. The Los Angeles Times released a report in 2021 that Uber seems to be stepping up their game toward increasing wages for their drivers recently.


Does Lyft Track Its Drivers?

Yes, while you have the app open, Lyft will know your location at all times.


Is It Safe To Use a Lyft Driver?

Yes, Lyft drivers have high safety standards they must meet. All Lyft drivers must pass a background check and continually pass an annual one to keep their employment. Lyft will monitor their drivers for criminal convictions actively as well.


General Liability Insurance for Lyft Drivers


CoverWallet NEXT (Best)Thimble HiscoxThe Hartford
Per occurrence limit $1,000,000$1,000,000$1,000,000/$2,000,000$300,000/$1,000,000$1,000,000/$2,000,000
Aggregate limit $2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$300,000/$2,000,000$1,000,000/$2,000,000
Products and completed operations aggregate limit $2,000,000
$1,000,000$1,000,000$1,000,000$1,000,000
Advertising injury coverage aggregate limit $1,000,000$1,000,000$1,000,000$1,000,000$1,000,000
Tenant’s legal liability coverage limit $100,000
$100,000$5,000$100,000$1,000,000
Waiver of subrogation included?YesNoIncludedCan be includedNo
Hired/non-owned auto liability coverage included?YesNoExcludedCan be includedCan be included
Equipment breakdown floater included?No YesYesCan be includedCan be included


This Lyft insurance coverage is your standard business insurance policy that protects you against injury and property liability claims from your customers and third parties. Examples of when you can use this policy include:

  • A customer slips out of your car and has medical expenses from their injury

  • A bystander gets sideswiped by your car while walking on the street and has to get medical treatment

  • You slander a customer, and they sue you for damages


What Are the Coverage Limits of General Liability Insurance for Lyft Drivers?

Typically, this type of Lyft liability insurance will have a $ 1 million per occurrence limit and a $2 million aggregate limit.


Add-Ons for General Liability Insurance for Lyft Drivers

  • Tools and equipment–Helps reimburse you for any damaged or stolen Lyft vehicle tools that you use in your business

  • Additional insured–This lets you put additional people, organizations, or other parties as recipients of coverage on your general liability policy


Does General Liability Insurance Cover Worker Injuries?

No, general liability covers third-party injuries. To cover the costs of worker injuries, you will need a policy called workers compensation. This policy helps compensate employees for lost wages and medical expenses.

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Commercial Property Insurance for Lyft Drivers


CoverWalletNEXT (Best)ThimbleThe HartfordHiscox
Building coverage limit (minimum)$50,000$320,000$25,000/$500,000$75,000$25,000
Contents coverage limit (minimum)$50,000$35,000$25,000/$500,000$75,000$15,000
Outdoor signsExcluded$2,500ExcludedExcludedIncluded
Accounts receivable ExcludedExcluded$5,000/$10,000ExcludedIncluded
Money and securitiesExcluded$2,500$1,000ExcludedIncluded
Lock and keys Excluded$2,500ExcludedExcludedIncluded
Business interruption floaterExcludedIncludedIncludedExcludedIncluded
Equipment breakdown floaterExcludedIncludedExcludedExcludedIncluded
Inland marine insurance floaterExcludedExcluded$10,000ExcludedExcluded
Employee dishonesty floaterExcluded$5,000$2,500ExcludedExcluded


Lyft commercial insurance with commercial property coverage will protect your business building or garage and any business assets within. This policy will protect your property from physical damage from natural elements as well as from theft and vandalism. See below for some examples of when this policy kicks in:

  • You have a garage for your Lyft vehicle that is affected by lightning

  • Someone tries to steal your vehicle and damages the garage door

  • A vandal destroys some commercial equipment you keep in your business building


Add-Ons for Commercial Property Insurance for Lyft Drivers

  • Business interruption–Helps compensate for lost income due to hazardous events like fires and wind storms.

  • Flood insurance–Protects your commercial property from damage caused by flood waters


Coverage Limits for Commercial Property Insurance for Lyft Drivers

Typically, you will find a coverage limit of around $60,000 is the average for small businesses.




Business Owner’s Policy for Lyft Drivers


CoverWalletNEXT (Best)Thimble Hiscox
General liability aggregate limit $2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$300,000/$2,000,000
Commercial property coverage limit $50,000$320,000$25,000/$500,000$75,000
Optional policies can be added?YesYesYesYes
Name additional insureds for free?YesYesYesYes
BOP discount?YesYesYesYes


Your Lyft insurance carrier might offer a business owner’s policy. Business owner’s policy combines commercial property and general liability into one policy, as well as some other types of insurance like business interruption insurance. Situations where this policy can be used include:

  • Your business property catches fire and damages your business personal property

  • A customer becomes injured getting into your car

  • One of your client’s personal items gets damaged in your car


What Are the Coverage Limits for Business Owner’s Policy for Lyft Drivers?

 Business owner’s policy limits can vary widely. They can be as low as $300,000 or as high as $4 million. It will all depend on the value of your commercial property and how much general liability insurance you want to pay for.


Add-Ons to Business Owner’s Policy for Lyft Drivers

  • Outdoor property–This add-on to the BOP policy of the packaged commercial insurance for Lyft drivers extends protection to the property you keep outside, like plants, tire equipment, or other tools

  • Commercial crime insurance–Protects from costs your employees cause due to stealing, forgery, and cyber crimes


Commercial Auto Insurance for Lyft Drivers

Commercial auto insurance for Lyft drivers is a policy that protects your business vehicle from liabilities while on the job.  Some examples where this policy is used include:

  • Your car gets into an accident while you are transporting a passenger

  • Lightning causes some damage to your car

  • A vandal breaks the windshield of your car


See some of the components of commercial auto insurance that are essential to protecting you while taking  a passenger to their destination:

  • Auto liability–This will cover third party medical expenses and property damage losses in case you cause a vehicular accident

  • Collision–A Lyft driver insurance policy with collision protection will help cover the costs your vehicle incurs damage from colliding with another vehicle on the road

  • Comprehensive–The best car insurance for Lyft drivers will include some form of comprehensive coverage. This coverage will protect you against virtually all other forms of physical damage besides road collisions. This is why it gets the name comprehensive because it covers nearly everything else

  • Gap coverage–Lyft gap insurance helps cover the difference in your insurance benefits if you owe more on your vehicle than its depreciated value. For example, if you still owe $3,000 on your loan but your car is only worth $2,000 now, gap coverage will help you cover this gap should the car be totaled or stolen

  • Personal injury protection–Lyft pip coverage provides benefits to cover payments for injury-related expenses like rehabilitation, loss of income, funeral expenses, and medical bills. This covers you and any passengers in the car in case an accident happens

  • Uninsured motorist–Lyft uninsured motorist coverage provides gap coverage for when the other motorists' insurance is not sufficient to pay for your damages. Even though it is required by law, some motorists may not have insurance, or their policies don’t have a enough coverage limit

  • Rideshare Insurance–Lyft rideshare insurance covers the gaps in insurance when you are working on the road but not actively transporting a customer. Many policies only kick in if you are actively transporting a client

  • Accident insurance for Lyft drivers–Lyft accident policy covers any costs due to accidents that you get into, even if you are not actively using your vehicle for work purposes

  • Rental Insurance–Lyft rental insurance reimburses you for times when you need to use a rental vehicle. This includes times when you need to get your car fixed after it is damaged or when you need to get a new car after an old one is totaled


Coverage Limits of Commercial Auto Insurance for Lyft Drivers

The coverage limits for commercial auto insurance typically give you at least $100,000 in coverage per vehicle. For adequate commercial auto insurance coverage for Lyft drivers, it is recommended that you get at least $500,000 to $ 1 million auto liability limit. 


Workers Compensation Insurance for Lyft Drivers

An insurance carrier for Lyft driving can help you get a worker’s compensation policy if you have employees in your business. This Lyft driver insurance coverage can help employees in case they get injured and are unable to work. Some examples of when you will use your workers’ compensation policy include:

  • An employee gets involved in an accident while driving. This policy will help them recover benefits and lost wages

  • One of your drivers develops chronic leg pain from driving for long hours


Does Lyft Provide Its Own Workers’ Compensation Policy?

No, Lyft does not provide this coverage. Lyft does not consider its drivers as employees. Drivers are considered as independent contractors.

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Lyft Insurance Cost


Cost per MonthCost per YearDeductible
General liability insurance$40$480$0-$500
Commercial property insurance$50$600$1,000-$2,000
Business owner’s policy$90$1,080$1,000-$2,000
Tools and equipment insurance$45$540$1,500
Commercial auto insurance$78$936$1,000-$2,000
Workers compensation insurance$102$1,224$2,000-$5,000


The average Lyft insurance cost is $40 per month or $480 per year for a $1 million general liability insurance. Factors that affect premiums are claims history, business history, location, policy limits, deductibles, and more.

When choosing the right Lyft insurance provider you will want to consider which policies they offer and if they can cover things like injuries and automobile collisions in one package. Here’s a table showing the cost of a $1 million general liability insurance from companies we recommend:


Cost per MonthCost per YearBest For
NEXT$15$180Best overall; Fastest general liability insurance for Lyft drivers
CoverWallet$25$300Comparing Lyft driver insurance quotes online
The Hartford$29$348Workers compensation insurance for Lyft drivers
Tivly$31$372Comparing Lyft driver insurance quotes over the phone
Thimble$33$396Short-term general liability insurance for Lyft drivers
Hiscox$36$432Lyft driver insurance with automatic renewal
Allstate$154$1,848Roadside assistance
Progressive$165$1,980Transportation network coverage
GEICO$167$2,004Comprehensive and collision coverage for Lyft drivers


Compare quotes to get cheap Lyft insurance. Start by clicking the “Get Quotes” button on this page and providing some basic business information.



Compare Cheap Lyft Driver Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best Lyft Driver Insurance Companies

The best insurance for Lyft drivers provides policy components like general liability, professional liability, commercial auto, commercial property, and rideshare addons. Below you can choose from the recommended choices that may be best insurance company for Lyft. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance:


NEXT Lyft Driver Insurance

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for lyft drivers

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more policies 

Cons

  • Couldn't find any 

NEXT offers the best overall option for price and policy options for Lyft drivers. You can purchase general liability, commercial property, and business owner policy options. Decide to bundle two or more policies in one insurance package to enjoy a discount on premiums.  NEXT has an A- AM Best rating and an excellent B+ rating from the Better Business Bureau. 

Best for: Best overall; Fastest general liability insurance for Lyft drivers 

Average cost: $15 per month

Our rating: 10/10 


The Hartford Lyft Driver Insurance

Pros

  • Unique coverage for your situation

  • Expedited auto insurance claims

  • Renowned company for workers compensation insurance

Cons

  • Limited add-ons to general liability insurance

The Hartford has one of the best-personalized insurance buying experiences. Their agents help you pick the right policy components from things like general liability, business owner’s policy, commercial auto, and workers' compensation. They work with you to determine the unique risks you face as a Lyft driver. The Hartford has an A+ rating from AM Best and an A+ from the BBB.

Best for: Workers compensation insurance for Lyft drivers

Average cost: $25 per month

Our rating: 10/10 


CoverWallet Lyft Driver Insurance

Pros

  • Strong partners to choose from

  • Lots of policy options

  • HNOA coverage automatically included in general liability insurance

  • Manage your policies easily online

Cons

  • Not an insurance company but an insurance broker

CoverWallet is a digital wallet for your Lyft insurance policies. You get connected with different partners that each have industry expertise. They have policy options like general liability, commercial auto, and workers’ compensation. The company received high marks with an A+ rating from the BBB and is available in every state except Rhode Island and Vermont.

Best for: Comparing Lyft driver insurance quotes online

Average cost: $29 per month

Our rating: 10/10 


Tivly Lyft Driver Insurance

Pros

  • Rideshare options

  • Over 200 partners

  • Grants coverage regardless of your risk profile

Cons

  • You need to call for a quote

Tivly is an insurance marketplace that uses a tailored customer experience to connect you with the right insurance policy. They offer all the policy options you need, including a rideshare policy to augment your existing personal auto policy. The company has a diverse network of 200 partners, many with deep experience writing ridesharing insurance policies. Tivly has an A rating from the BBB. Call now to compare quotes over the phone. 

Best for: Comparing Lyft driver insurance quotes over the phone

Average cost: $31 per month

Our rating: 10/10 


Thimble Lyft Driver Insurance

Pros

  • Great resources for Lyft drivers online

  • Instant quotes and policy purchases

Cons

  • Customer support is only online

Thimble offers a nice array of policies for Lyft drivers. They have general liability, commercial property, and commercial auto policies with a good selection of options to choose from. Their expedited process can get your policy up and running quickly. Thimble has an A rating from AM Best, and its app has been featured in Forbes for its excellence in digital insurance.

Best for: Short-term general liability insurance for Lyft drivers

Average cost: $33 per month

Our rating: 10/10 


Hiscox Lyft Driver Insurance

Pros

  • Worldwide coverage

  • Numerous upgrades available to your base policies

  • 14-day money-back guarantee

  • Customize your limits easily

Cons

  • Online quoting not available all the time due to periodic site maintenance

Hiscox is a personal insurance company with a small business focus. They provide general liability and workers' compensation policies that are tailored to your individual needs. The company also specializes in side hustle work and contractors, which is a category that Lyft drivers also fall into. Hiscox has an A rating from AM Bestcr and serves over 500,000 customers, who are primarily small businesses.

Best for: Lyft driver insurance with automatic renewal 

Average cost: $36 per month

Our rating: 10/10 


Progressive Lyft Driver Insurance

Pros 

  • Rideshare insurance

  • Transportation network coverage

  • Numerous add-ons to commercial auto insurance

Cons

  • Some business insurance policies are sourced from partners 

Lyft progressive insurance buyers can combine their personal auto policy with a rideshare coverage add-on to get decent coverage for their work vehicles. Progressive also offers transportation network coverage to complement any gaps in coverage that Lyft might provide. This company has an A+ from AM Best and an A+ from BBB.

Best for: Transportation network coverage

Average cost: $165 per month

Our rating: 8/10


Allstate Lyft Driver Insurance

Pros

  • Ride-for-hire policy

  • Comprehensive roadside assistance

Cons: 

  • Average customer satisfaction ratings

Allstate Lyft insurance policyholders can enjoy roadside assistance and ride-for-hire coverage. Lyft allstate roadside assistance allows you to get up your vehicle back up and running when it breaks down. The ride-for-hire add-on provides coverage up to $2,500. You can also buy other business insurance policies from Allstate such as general liability, commercial property, and business owner’s policy. 

Best for: Roadside assistance

Average cost: $154 per month

Our rating: 8/10 


GEICO Lyft Driver Insurance

Pros

  • High customer satisfaction

  • Combined single-limit commercial auto policy options

  • Quotes online or over the phone

  • Unique add-ons to commercial auto insurance for Lyft drivers

Cons

  • Online quoting is not very intuitive

GEICO insurance for Lyft drivers does not offer rideshare coverage, but they have good commercial auto insurance. They offer a suite of insurance options for your Lyft business, like commercial property insurance, business owner’s policy, and general liability insurance. GEICO has a stellar A++ rating from AM Best and a 97% customer satisfaction rate.

Best for: Customer satisfaction

Average cost: $167 per month

Our rating: 8/10


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