Rideshare drivers are 73% more likely to be involved in a crash than the average driver, which means they face higher insurance premiums and heightened liability considerations. Monthly rideshare insurance premiums average around $235 across the U.S., according to data from Insurify, which is about $50 higher than personal auto policies.
The highest rideshare premiums can be found in Maryland ($438 per month), New York ($415), Nevada ($403) and Delaware ($371). New Hampshire has the lowest average monthly premiums at $125, followed by Wyoming and North Dakota, which both average $128 per month.
Though they are more likely to be involved in an accident in general, data shows that rideshare drivers are less likely to be involved in fatal crashes. This is likely due to the prevalence of safer vehicles and incentives from entities like insurance companies for drivers to be more cautious on the road.
The most common vehicles driven by rideshare drivers include:
- Toyota Camry
- Toyota Corolla
- Honda Accord
- Nissan Altima
- Honda Civic
- Toyota Prius
- Chevrolet Malibu
- Tesla Model 3
- Nissan Sentra
- Hyundai Elantra
In the slideshow above, we’ll look at five things rideshare drivers need to consider about insurance coverage, courtesy of Allstate.
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