Well, that depends on what you mean by “robust.” Both Lyft and Uber have $1,000,000 for third party liability, meaning if you cause an accident and you are in one of the rideshare company’s covered periods, you may be eligible for up to $1,000,000 to pay claims against you. It sounds like a lot – and it is, but if someone is killed in an accident you cause while you are ferrying a passenger, you may be on the hook for more than that.
And the thing is, when you are a rideshare driver you are on the road a lot more than the normal person. You are giving yourself more chances to get into a wreck.
Remember, you won’t qualify for the major parts of your rideshare company’s coverage unless you already have it on your personal car insurance, as well. So, their comprehensive car insurance and collision auto insurance are both contingent on you carrying those coverages on your personal auto policy. In other words, you’ll be forced to carry full coverage car insurance on your personal policy. And both Lyft and Uber charge a hefty deductible for comprehensive and collision – $2,500.