Auto insurance

PEMCO now offers ridesharing coverage

Wednesday, June 28, 2017by  Jon Osterberg

young man hails an Uber car downtownIt was six years ago that San Francisco-based Uber launched its ridesharing services in cities across the country, including Seattle. Five years passed before I hailed my first Uber ride.

Today ridesharing is common and growing in popularity, and effective June 22, PEMCO began offering a new ridesharing endorsement to Washington drivers.

That means if you want to earn extra income by driving your car for one of the ridesharing companies, you can enjoy the same PEMCO peace-of-mind coverage as you enjoy when driving yourself around on your daily routine.

Our ridesharing endorsement doesn't add coverage, it simply extends it as secondary coverage. It fills gaps in the rideshare company's insurance and, in most cases, gives drivers the same deductible they have on their PEMCO policies.

Oregon drivers also can benefit from PEMCO's ridesharing endorsement.

I wasn't hip to ridesharing until I visited my son in California last fall. Like many Millennials, he had been living in the city without a car. He rode BART (Bay Area Rapid Transit) to meet me at the airport, after which we took BART into the heart of San Francisco. There he summoned an Uber driver who arrived in only three minutes in a squeaky clean newer-model car, and soon we were home. My son handled the entire transaction with his smartphone.

 Our Uber chauffer was personable and didn't drive like a maniac, contrasting with many taxi rides I've had over the years. My son said that with the Bay Area's traffic density and cost of parking, his ridesharing lifestyle makes sense. It's part of the growing "shared economy" culture.

Ridesharing through companies like Uber and Lyft is available in many Washington cities, including locales outside of greater Seattle – Bellingham, Longview, Olympia, Spokane, Tri-Cities, and Wenatchee, to name a few.

Uber driver gives a passenger a rideIf driving for hire appeals to you, know that any PEMCO customer can add the rideshare endorsement for a small additional premium. It covers you and your family members (as defined in the insurance policy) when driving the insured vehicle. Talk with a PEMCO agent or representative to learn more.

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Comments on this post

personPEMCO06/28/2018 10:50 AM
Reg -- Unfortunately we’re not qualified to answer this question. We recommend contacting your states department of licensing department for the information or the rideshare company itself. 
personReg Caton07/05/2017 01:36 PM
If one drives for a fee is a commercial driver's license required?

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