GEICO bringing end-to-end ridesharing coverage to Texans

DALLAS--(BUSINESS WIRE)-- If you drive for an on-demand Transportation Network Company (TNC) like Uber, Lyft, Sidecar and other similar companies in Texas, you'll want to know that GEICO is now offering a new auto insurance product in the Lone Star State that covers both your personal and ridesharing needs.

"States have started passing laws that require TNC drivers to have more than personal auto insurance since they're transporting people around," said Robert Miller, GEICO senior vice president. "We're excited to offer an affordable, comprehensive product to Texans that covers vehicles for personal use, ridesharing and other on-demand services."

GEICO first introduced its ridesharing product in Virginia and Maryland earlier this year, and market share is rapidly growing in both states. GEICO offers ridesharing coverage through GEICO Commercial at a price significantly lower than taxi and commercial rates.

"We continue to receive positive feedback from our rideshare policyholders," said Othello Powell, director of GEICO commercial lines. "Having a primary hybrid policy gives them the ultimate peace of mind. When you’ve had a serious accident the last thing anyone wants to worry about is whether they are covered at that particular moment or, worse yet, who is covering them. Customers also appreciate having options like lower deductibles and medical coverage. Being an entrepreneur comes with enough worries; we believe car insurance should not be one."

More details about GEICO's ridesharing product can be found on the ridesharing insurance FAQs page. Drivers in Texas, Georgia, Maryland and Virginia can get a ridesharing quote at https://www.geico.com/getaquote/ridesharing/ or by calling 1-866-509-9444.

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 13 million private passenger customers, insuring more than 22 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, boats, all-terrain vehicles (ATVs), 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.

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Source: GEICO