Direct Insurance Coverage Available For Lyft Drivers and Riders in Georgia, Texas and Arizona
Ridesharing continues to surge in popularity. As the industry grows, it’s revolutionizing the mobility and transportation space. This means there are evolving liability insurance needs for drivers.
Beginning October 1, State Farm® will work directly with Lyft to provide insurance coverage to Lyft drivers in Georgia, Texas and Arizona.
State Farm History Supporting TNC (Transportation Network Companies) Drivers
- 2015: State Farm worked with others to set consistent and modern insurance regulation for TNC services. It supported the growing industry and created a framework to protect consumers.
- 2016: State Farm launches the Rideshare Endorsement. It is now available in 46 states and the District of Columbia. With the endorsement, State Farm customers extend their personal auto policy to fill coverage gaps.
Working with Lyft allows State Farm to meet today’s insurance needs and explore future opportunities. It brings nearly 100 years of insurance experience to protect Lyft drivers and riders from the unexpected.
For 100 years, the mission of State Farm has and continues to be to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. State Farm and its affiliates are the largest providers of auto and home insurance in the United States. Its 19,300 agents and nearly 55,000 employees serve approximately 86 million policies and accounts – which includes auto, fire, life, health, commercial policies and financial services accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 39 on the 2021 Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com.