PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Does driving for Lyft affect insurance?
I want to do some rideshare driving to start a college fund for my daughter. After some research, I found that Lyft only takes a 20% cut compared to Uber’s 25%, so I’m going to drive for Lyft. The only thing I’m worried about is my car insurance. Will driving for Lyft affect my insurance rates?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Driving for a rideshare company
is a smart way to provide for your daughter’s education. Unfortunately, driving for Lyft affects insurance through increased premiums and the possible need for rideshare insurance.The insurer’s reasoning behind increased premiums is simple. You’re going to drive more miles, so the odds of you
filing a claim
increase. They reflect this risk in an increased car insurance premium.Another effect on your insurance is that you’ll need to purchase
rideshare insurance
. While this coverage isn’t mandatory, it’s in the nice-to-have category, giving you peace of mind and additional protection for you and your passengers.Even if you drive for Lyft, your finances might still need a little lift as well. So rather than paying an outrageous amount for your car insurance policy, shop around for cheap car insurance with the
Jerry
app.Jerry is a licensed insurance broker that will collect quotes from over 50 top-rated insurers in minutes. After you find a great rate, Jerry can help you buy new insurance and cancel your old policy. Users save an average of $887 per year.
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies