If you live in South Carolina and have been approved to drive for Uber (UberX and UberXL), Lyft, Sidecar and other on-demand services, GEICO has made it easier on your wallet. The company is now offering a new low-cost ridesharing insurance product to drivers in the state.
"In a short time span, ridesharing has turned into a staple of everyday life," said Othello Powell, director of GEICO commercial lines. "Whether you have that entrepreneurial spirit or are just making a few extra dollars, GEICO’s ridesharing product delivers a complete insurance solution to drivers in South Carolina at an affordable price."
Powell noted that ridesharing comes with a unique set of insurance needs that go well beyond a traditional auto insurance policy. He points out that most personal auto policies exclude any commercial (driver for hire) use. In addition, having two policies for one vehicle can become confusing and costly.
GEICO’s ridesharing product replaces the driver’s personal auto policy and provides coverage for personal, ridesharing and other on-demand services whether the rideshare app is on or off, and with or without passengers in the vehicle or even if you’re working for multiple services.
GEICO offers the product through GEICO Commercial at a price significantly lower than taxi and traditional commercial rates. South Carolina joins Connecticut, Georgia, Maryland, Ohio, Pennsylvania, Texas, Virginia and Washington, D.C., where GEICO offers hybrid policies to its drivers.
GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the second-largest private passenger auto insurance company in the United States. GEICO, which was founded in 1936, provides millions of auto insurance quotes to U.S. drivers annually.
The company is pleased to serve more than 14 million private passenger customers, insuring more than 23 million vehicles (auto & cycle).