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Best Rideshare Insurance in New York: Quotes, Discounts (2022)

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Why you can trust Insurify

Insurify partners with top insurance companies and is a licensed agent in all 50 states. However, the insurance experts writing our content operate independently of our partners. Check out reviews from over 3,000 satisfied customers, how we make money, our data methodology, and our editorial standards.
Lindsay Frankel

By: Lindsay Frankel

Edited by Tanveen Vohra

Last Updated April 5, 2022

Rideshare Insurance in New York

Driving for Uber or Lyft can be a great way to make extra money in New York, but your personal car insurance won’t cover your vehicle while you’re using it for business purposes. Luckily, many insurance companies offer a rideshare endorsement as an add-on to your personal insurance, which is typically more affordable. Compare customized rideshare insurance quotes with Insurify today!

See More: Compare Car Insurance

Rideshare Insurance Companies in New York

How much does rideshare insurance cost in New York?

In New York, the average cost of insurance with a rideshare add-on is $368 per month, but what you pay for insurance will depend on your driving history, your insurance provider, and your location within the state.

New York is one of the most expensive states for car insurance in the country. But some rideshare insurance providers offer cheaper rates than others. Below, you’ll find the average monthly cost rideshare drivers paid for policies from different companies in New York. To find a personalized rate, get free quotes from Insurify.

Car Insurance CompanyMonthly Cost for Rideshare Insurance
Plymouth Rock$222
Midvale Home & Auto$347
Liberty Mutual$472
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

How Rideshare Insurance Works

When the rideshare app is off, your personal comprehensive and collision insurance will cover you. But once you turn the app on and begin waiting for ride requests, your personal auto insurance policy won’t cover you. Transportation network companies (TNCs) like Uber and Lyft only provide third-party liability insurance during this time period. That only pays for damages you cause to another vehicle, not damages to your own.

That means you could be on the hook for damages to your vehicle in an accident you cause. Once you’re en route to a rider or on a trip, the TNC’s contingent comprehensive and collision coverage kicks in. That’ll cover you if you have a full-coverage personal policy, but it’ll leave you to pay a high deductible. Both Uber insurance and Lyft insurance have a $2,500 deductible.

Rideshare insurance is designed to fill those gaps, offering drivers the ability to use their personal vehicles for business purposes with full coverage. It ensures you won’t pay more than your personal deductible for repairs to your vehicle after an accident. Before you get started with the Lyft app or begin driving for Doordash, you should get a quote for rideshare insurance.

See More: Best Car Companies for Rideshare Drivers

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New York Laws on Rideshare Insurance Requirements

Things work a little differently in New York City than in the rest of New York state. Uber and Lyft rides in NYC are regulated by the Taxi and Limousine Commission, so all NYC rideshare drivers need to have a commercial auto insurance policy and TLC plates.

If you drive for a TNC outside of NYC, you’ll just need to have a car insurance policy that meets the state minimum requirements, which include personal injury protection, bodily injury liability insurance, and uninsured motorist coverage. Rideshare drivers are not required to carry a rideshare insurance policy in the state of New York.

However, be advised that lying to your insurance company about the business use of your vehicle constitutes insurance fraud. And if your insurer finds out you filed a claim for damages sustained during rideshare activities, your insurer won’t cover any claims for incidents that occur while you’re driving for work. That’s why drivers for rideshare services should strongly consider either a rideshare endorsement or a commercial policy.

New York Requirements for Rideshare Drivers

Uber and Lyft each have their own requirements for drivers in the state of New York. Here’s what independent contractors can expect:

If you want to be a Lyft driver or an Uber driver, there are requirements you need to satisfy, such as:

  • You must be at least 21 years old for Uber and 25 years old for Lyft.
  • Your vehicle must satisfy the vehicle requirements.
  • You must have had your U.S. driver’s license for at least one calendar year (three years if you’re under 25 years old).
  • You must consent to sharing your picture with passengers.

Uber drivers and Lyft drivers who work in New York City have the additional requirement of needing commercial auto insurance and a TLC driver’s license and plates. Uber and Lyft also require your vehicle to be 2006 or newer with an approved TLC inspection. But you only need to be 19 years old to drive for Lyft in New York City.

Filing a Claim After an Accident As a Rideshare Driver in New York

If you’re ever in a rideshare accident, you’ll need to know how to file a claim. The process may be slightly different depending on the TNC you work for, but you can generally expect the following:

  1. Contact the police: Make sure everyone gets the medical help they need and answer the responding officer’s questions thoroughly and honestly.
  2. Gather information: Get the other driver’s insurance and contact information. Take pictures of the damages for your records.
  3. Report the accident in your driver app: You’ll have the option to report the accident directly through your rideshare app. Follow the prompts to complete the process.
  4. Notify your auto insurance company if necessary: If you’ll be using your rideshare coverage, you’ll need to file a claim with your insurance company.
  5. Meet with your claims adjuster: Your insurance company will likely send someone to assess the damage and estimate the cost of repairs.
  6. Follow up on reimbursement: Make sure you receive the funds. If you’re not happy with the adjuster’s estimate, gather data on vehicle repair costs and negotiate. If at any point you need legal help, seek the assistance of an attorney.

Find Cheap Rideshare Insurance in Minutes

New York rideshare insurance is expensive, but if you use the right comparison tool, you can avoid having to spend too much. Every insurance provider is going to weigh your individual information differently, so the best way to save is to get customized quotes from a variety of different companies. And Insurify makes that super easy to do.

You’ll just need to enter a few details to get started, check the box for rideshare coverage, and see your results. You’ll see side-by-side quotes from national and local providers alike, and you’ll have the option to adjust your coverage levels and deductibles until you find a policy that fits your budget.

Frequently Asked Questions

  • New York City rideshare drivers are required to carry commercial car insurance. Elsewhere in New York, drivers are only required to carry liability coverage, property damage insurance, and uninsured motorist coverage. Rideshare insurance is not required anywhere in the state, but is strongly recommended for all Uber and Lyft drivers.

  • The average monthly premium New York drivers pay for a full-coverage policy with a rideshare endorsement is a whopping $368 across hundreds of drivers. But your individual rate could be less than that. To find the best deal, check your rates with Insurify.

  • In New York, you have plenty of options for rideshare insurance providers. Companies offering rideshare coverage include GEICO, USAA, Progressive, Travelers, Allstate, and Liberty Mutual.

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  • Data scientists at Insurify analyzed over 40 million auto insurance rates across the United States to compile the car insurance quotes, statistics, and data visualizations displayed on this page. The car insurance data includes coverage analysis and details on drivers' vehicles, driving records, and demographic information. With these insights, Insurify is able to offer drivers insight into how their car insurance premiums are priced by companies.

Lindsay Frankel
Lindsay Frankel

Insurance Writer

Lindsay Frankel is a content writer specializing in personal finance and auto insurance topics. Her work has been featured in publications such as LendingTree, The Balance, Coverage.com, Bankrate, NextAdvisor, and FinanceBuzz.

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