Florida Rideshare Drivers Can Save Money with New GEICO Product

By a News Reporter-Staff News Editor at Insurance Weekly News -- Hey rideshare drivers in the Sunshine State, GEICO has just made it a lot easier on you and your wallet. The company is now offering its low-cost ridesharing insurance product to drivers in Florida.

"Let's face facts, if you drive for Uber, Lyft, Sidecar or any other on-demand services, you have one goal in mind - to earn money," said Othello Powell, assistant vice president of GEICO commercial lines. "It doesn't make good financial sense to spend most of your rideshare earnings paying for costly insurance coverage."

Rideshare insurance can be pricey. Some carriers require drivers to get an additional policy to protect against coverage gaps between their ridesharing and personal use. Two separate policies, means drivers would have to pay for two premiums. And that's in addition to keeping up with multiple coverages, claims and deductibles for one vehicle.

Powell noted that two insurance policies can be costly and difficult to manage. "Our goal was to give rideshare drivers in Florida complete comprehensive protection, rolled into one policy at an affordable price," said Powell. "At the end of the day, it's all about saving money."

GEICO offers the product through GEICO Commercial at a price significantly lower than taxi and traditional commercial rates. GEICO's ridesharing product is now offered in 37 states and the District of Columbia.

For more information, please visit www.geico.com/getaquote/ridesharing. GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the second-largest private passenger auto insurance company in the United States. GEICO, which was founded in 1936, provides millions of auto insurance quotes to U.S. drivers annually. The company is pleased to serve more than 15 million private passenger customers, insuring more than 24 million vehicles (auto & cycle).

Using GEICO's online service center, policyholders can purchase policies, make policy changes, report claims and print insurance ID cards. Policyholders can also connect to GEICO through the GEICO App, reach a representative over the phone or visit a GEICO local agent.

GEICO also provides insurance quotes on motorcycles, all-terrain vehicles (ATVs), boats, travel trailers and motorhomes (RVs). Coverage for life, homes and apartments is written by non-affiliated insurance companies and is secured through the GEICO Insurance Agency, Inc. Commercial auto insurance and personal umbrella protection are also available.

For more information, go to www.geico.com. View source version on businesswire.com: http://www.businesswire.com/news/home/20170818005023/en/

Keywords for this news article include: GEICO, Insurance.

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