Answer Financial now Offering Rideshare Gap Coverage for Uber, Lyft and other Rideshare Businesses in 24 States
Rideshare drivers can now compare specialized coverage plans from top-rated insurers like Safeco, Progressive and Mercury
Encino, CA – September 19, 2017 Answer Financial®, one of the largest auto and home insurance agencies in the U.S., is pleased to announce the addition of Rideshare Gap Coverage Plans to its industry-leading insurance comparison shopping platform. Now, drivers for rideshare companies like Uber and Lyft can have peace of mind that they are protected1.
“According to a survey conducted last year2, 77% of rideshare drivers may not have the right coverage to protect them while they are working,” said Peter Foley, SVP of Sales and Client Service Operations for Answer Financial. “A rideshare driver is covered by their personal auto insurance until they turn on their rideshare app, but their commercial insurance doesn’t kick in until they pick up a passenger, creating a gap in coverage. By offering Rideshare Gap Coverage, we are helping to protect during that window of time where neither type of policy covers them.”
Answer is now offering rideshare insurance products to residents in the following states, with plans to roll out additional states in the coming months: Alabama, Arizona, Colorado, Idaho, Iowa, Illinois, Indiana, Kansas, Kentucky, Michigan, Minnesota, Mississippi, New Mexico, Nevada, North Carolina, Oklahoma, Oregon, South Dakota, Tennessee, Texas, Utah, Washington, West Virginia and Wisconsin.
Drivers who are interested in comparing Rideshare Gap Coverage plans from top-rated insurers can speak with one of Answer’s 300+ US-based licensed agents by calling 1-877-672-2200. In addition to Rideshare Gap Coverage, Answer also offers personal insurance plans for auto, home, condo, and a variety of specialty lines including RV, boat, motorcycle and more.
1Uber and Lyft are not affiliated with and do not endorse Answer Financial
2Source: NerdWallet in conjunction with SherpaShare, an app that rideshare drivers use to track mileage, earnings and expenses, conducted a survey of 1,022 SherpaShare users across the U.S. from Jan. 26 – Feb. 9, 2016.
About Answer Financial® Inc.
Answer Financial, through its agencies Insurance Answer Center and Right Answer Insurance, is one of the largest independent personal lines agency operations in the nation, providing auto and home insurance policies directly to consumers and through a broad network of marketing partners. Answer Financial serves the growing segment of self-directed consumers searching for the best way to save money on insurance by providing one easy place to shop, compare, and buy insurance. By leveraging technology and partnerships with top-rated insurers, Answer Financial can provide real-time comparison rates for virtually every consumer. Customers can purchase online or over the phone with the guidance of an insurance expert. Answer Financial is a member of the Allstate family of companies.
Answer Financial® Inc. offers insurance products and services through its insurance agency licensed affiliate Insurance Answer Center, LLC (California License # 0B99714); in New York as Insurance Answer Center, LLC, an Insurance Agency; in Michigan as Insurance Answer Center, LLC, an Insurance Agency; and in Missouri as Answer Financial. Answer Financial affiliated agencies are not insurance companies, but act as agents for certain insurance companies. Answer Financial’s affiliate Right Answer Insurance Agency, LLC (CA License #0H52358) operates as an insurance broker in California and an agent in all other states. Answer Financial is paid commissions and may receive other performance-based compensation for its services. The compensation received by Answer Financial and its employees may vary by insurance company. Not all insurance products and services are available in all states. Rates are subject to change.