Farmers Insurance® is First Insurer Group to Introduce New Rideshare Insurance Coverage in Nebraska

Farmers Insurance®, one of the largest multiline insurer groups in Nebraska, announced the introduction of its new Rideshare Insurance Coverage which was available as of February 15th.

Farmers worked with representatives of the Nebraska Department of Insurance, legislators and leaders of Transportation Network Companies (TNCs) to develop a product specifically designed for ride-hailing drivers and make available a type of insurance coverage specified in Nebraska’s new ride-hailing law.

Under the new Nebraska law, ride-hailing drivers will be required to have insurance coverage from the moment they turn on their rideshare app.  The Farmers Rideshare Insurance Coverage will extend a driver’s Farmers auto insurance coverage during the downtime until they accept a ride, at which point their TNC affiliate’s commercial insurance coverage would apply.

Farmers Rideshare Insurance Coverage enables a driver to select the coverage that fits their needs; including comprehensive and collision coverage, uninsured/underinsured motorist coverage, and Medical Payments coverage.

While coverage choices and premiums will vary by individual, the additional coverage provided by the Farmers Rideshare Insurance Coverage endorsement will generally add approximately $15 per month to a customer’s premium.

Farmers is making it simple for existing customers, and others interested in a Farmers policy, who are rideshare drivers to quickly and easily secure this new coverage by calling their local agent or the following toll-free number, 855-808-6599. Consumers may also visit farmers.com/rideshare to find a local agent.