Geico Plans Ridesharing Coverage for Florida Drivers

Geico officials say a new rideshare policy is in the works for Florida, and state regulators say they are set to complete a review of the filing by May 15. “It is common for personal policies to have livery exclusions,” said Geico spokesman Othello Powell. “Many insurers elect to cancel the personal policy because it is not offering the right coverage for the policyholder. We believe we offer the right coverage in 36 states with our rideshare policy which also covers on demand package delivery that is not typically covered on personal policies.” And that’s 36 going on 37. Speaking of ridesharing, thinking of Uber…the company will now charge passengers 5 more cents per mile in eight states (think: Pennsylvania, South Carolina, West Virginia, Delaware, Illinois, Arizona, Oklahoma and Massachusetts) to help pay for a test program that provides Uber drivers with injury protection insurance from Aon and OneBeacon. Download the updated spreadsheet detailing which insurers offer ridesharing coverage.