Since Uber and Lyft launched in Portland 3 years ago, rideshare drivers have had a big insurance gap. Personal auto policies exclude coverage for “Periods 1, 2 and 3” of a driver’s availability. Rideshare companies cover Period 2 and 3, but not Period 1. When a driver turns on their Uber or Lyft app, they turn off their personal insurance coverage.
Progressive just introduced a gap-closer for Maine Uber and Lyft drivers: the Transportation Network Company (TNC) Endorsement.
How Does the TNC Endorsement Provide Auto Insurance for Maine Uber and Lyft Drivers?
- Period 1 (logged onto TNC app, no trip accepted). Progressive now covers drivers during this period if you’ve bought the TNC Endorsement.
- Period 2 (trip accepted, driver en route to pickup). Progressive’s TNC Endorsement covers your full policy liability limit, not the skimpy coverage provided by many TNC insurance programs.
- Period 4 (on a trip). Progressive’s TNC Endorsement covers the difference between your policy deductible and that provided by Uber or Lyft. The TNC policy remains primary. This helps reduce your out-of-pocket expense.
How Much Does Uber or Lyft Driver Insurance Cost in Maine?
The cost for Progresssive’s new TNC Endorsement varies. We’ve seen prices as low as $6.00 per month. Your rates will depend upon your driving record, insurance score, and whether or not you’ve maintained consistent insurance.
If you’re driving for Uber or Lyft in Maine, and you’re not certain you have insurance coverage for it, you probably don’t. Many drivers have been afraid to call their insurance company to ask about it, for fear that their insurance might be canceled. Our agency represents more than 10 auto insurers, none of which has offered a solution until now. Kudos to Progressive for living up to their name in this case.
If you live in Southern Maine and have questions about your auto insurance, call a Noyes Hall & Allen agent at 207-799-5541. We’re independent and committed to you.