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No matter which one you prefer, both Uber and Lyft protect passengers and third parties with a $1 million liability policy—when the driver is active, that is. They also provide other types of coverage, depending on a few factors. But one primary difference between their policies is their deductible amounts.

Keep reading to learn more about Uber vs. Lyft insurance coverage after an accident and how the top two rideshare companies handle claims. If you need help with a claim, contact our rideshare accident attorneys.

How Does Rideshare Insurance Work?

Rideshare insurance is not like your typical motorist coverage. There are three stages based on what the driver is doing at the exact moment of the crash.

Stage One

In stage 1, the app is turned off and the driver is offline, perhaps making their way to the grocery store or to meet a friend. In this case, the driver’s personal auto insurance is the only policy that applies, no matter if they contract with Uber or Lyft.

Stage Two

In stage two, the driver is now online, has the app open, and is waiting for a ride request. Both companies offer contingent coverage with bodily injury limits of $50,000 per person (with a $100,000 cap for each accident) and $25,000 in property damage. But these policies only apply after the driver’s personal auto insurance denies your claim.

Stage Three

Things change at the final stage, when a driver has a passenger in the car or is on their way to pick someone up. In this case, both Uber and Lyft provide a $1 million liability policy that covers your medical bills, lost wages, and property damage, whether you are an injured motorist or pedestrian.

What Are the Differences Between Uber and Lyft Insurance Policies?

While Uber and Lyft offer that million-dollar coverage in stage three accidents, their policies differ in two primary ways.

Deductibles for Car Repairs

Uber provides a standard collision/comprehensive deductible that is typically $2,500. However, if the ridesharer rents the vehicle through the Uber Marketplace, they may have a $1,000 deductible. Lyft’s deductible, on the other hand, is always $2,500.

Uninsured and Underinsured Motorist Coverage

While both Uber and Lyft’s insurance policies cover accidents caused by uninsured drivers when they are online waiting, on their way, or have a passenger in the car, they differ significantly in first-party coverage. This policy provides the rideshare driver with compensation if they get hurt by an uninsured at-fault driver.

Bring Us Your Uber vs. Lyft Insurance Coverage Questions After an Accident

Now that you have a better understanding of Uber vs. Lyft insurance coverage after an accident, reach out to KGS Law PLLC with your questions. Rideshare insurance policies are notoriously complex. A skilled lawyer could help you navigate overlapping coverage tiers, discover possible loopholes, and stop insurance companies from minimizing your payout.

Do not wait for a lowball offer or even a denial. Connect with us now.