MetLife Expands Rideshare Insurance To 5 States

Business Wire

Unique MetLife insurance rider now available to Lyft drivers in California, Colorado, Illinois, Texas and Washington

SAN FRANCISCO--(BUSINESS WIRE)-- MetLife Auto & Home® and Lyft, one of the nation’s leading ridesharing companies, announced today that Lyft drivers in California—one of the largest ridesharing states—now have access to a unique auto insurance policy tailored specifically for Lyft drivers. The policy was first made available to Lyft drivers in Colorado, and expanded to Illinois, Texas and Washington earlier this year.

The policy, offered by MetLife Auto & Home, contains an endorsement unique to the auto insurance marketplace in that it offers coverage for rideshare drivers at every stage of the trip: while the driver is logged into the app and waiting for a passenger request, is en route to pick up a passenger, and during the trip with the passenger. Premiums applicable to the policy endorsement will vary based on the mileage driven in the Lyft program.

“Even as the use of rideshare apps continues to expand across the U.S., questions remain for individuals who may want to supplement their income by driving for a transportation network company,” said Jean Vernor, senior vice president, MetLife Direct, adding, “The MetLife Auto & Home program helps to answer questions such as, ‘When does the rideshare company’s insurance step in?’ and ‘Which company do I call if I have a claim: my personal insurance, or the rideshare company’s?’ With this endorsement from MetLife Auto & Home, Lyft drivers have more peace of mind, and a simpler process when they have a claim or a coverage question.”

Lyft drivers, or those interested in driving for Lyft, in California, Colorado, Illinois, Texas and Washington can call MetLife Auto & Home toll-free at 1-855-782-8480 to inquire about a policy. Current MetLife Auto & Home auto policyholders in these states will be able to have their auto policy re-written with the Lyft endorsement.

About MetLife

The MetLife Auto & Home companies, subsidiaries of MetLife, Inc. (NYSE: MET), are collectively one of the nation’s leading personal lines property and casualty insurance providers, insuring over 3.8 million autos and homes. Their affiliate, MetLife, Inc., is a leading global provider of insurance, annuities and employee benefit programs. MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

About Lyft

Lyft is a mobile app that seamlessly connects passengers in need of a ride with nearby drivers. Simply download the app for iPhone or Android, then request a ride with the tap of a button. A friendly driver will pick you up at your location within minutes. All payment is handled through the app using your saved credit card. Safety is a top priority for Lyft, and we've implemented strict safety criteria to protect the community. Lyft launched in June 2012 and is now in more than 65 cities across the country.

Coverage, rates, and discounts are available to those who qualify.

MetLife Auto & Home and Lyft operate independently and are not responsible for each other’s financial obligations. Lyft is in no way responsible for the insurance provided through this program.

MetLife Auto & Home is a brand of Metropolitan Property and Casualty Insurance Company and its affiliates, Warwick, RI.

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