Rideshare Insurance Companies in Nevada

With ridesharing only getting more popular, it’s worth looking into a rideshare insurance policy that won’t break the bank. Below are a few of the most affordable rideshare insurance carriers in Nevada:

Rideshare Insurance Company Average Monthly Premium

Sun Coast $143

Safeco $190

Kemper $225

Mercury $233

Kemper Specialty $237

Travelers $241

Midvale Home & Auto $280

Bristol West $290

Dairyland $370

Liberty Mutual $390

As you can see, small regional carriers take the cake when it comes to cheap rideshare insurance. West Coast-based carrier Sun Coast is a standout, offering an average cost of just $143 per month. Larger insurance companies like Mercury, Travelers, and Liberty Mutual also offer great deals for motorists working for ridesharing companies.

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Nevada Requirements for Rideshare Drivers

Nevada defines companies like Uber or Lyft as “transportation network companies” (TNCs), which is a fancy term for companies where an online network is used to connect drivers with passengers. Because most drivers use their personal car to pick up and drop off passengers, it’s important to understand

what’s required of you from an insurance standpoint.

In Nevada, all drivers are required to carry a minimum of $15,000 per person in bodily injury, $30,000 per accident in personal injury, and $10,000 per accident for property damage. Rideshare drivers are required to have higher coverage limits, as the cost of medical expenses if you get in a crash en route to a customer could far exceed $15,000 per person.

Nevada is an at-fault state, even if the accident occurs while driving for a rideshare company. That means that when you get in an accident, the driver who is determined to have caused the accident will cover costs with their auto insurance coverage.

The bottom line is you’ll want to disclose all TNC activities to your insurance provider. If you’re signing up to be an Uber driver, insurance providers will want to know you’re taking on this additional risk. It’s within their rights to cancel your policy if you don’t disclose this, as driving for Uber or Lyft may be a violation of the original policy agreement.

Filing a Claim after an Accident As a Rideshare Driver in Nevada

If you get in an accident as a rideshare driver, there are a few things to keep in mind. For instance, if this accident happened after a ride request while you’re en route to pick up a passenger (period 2), your personal coverage comes into play first. If the costs exceed your policy limits, some rideshare companies offer gap coverage to help you out in this scenario.