Progressive® Insurance introduces coverage for Transportation Network Company drivers in Texas
MAYFIELD VILLAGE, Ohio — February 22, 2016 — To serve the rapidly growing ridesharing market, Progressive® Insurance is now offering coverage for drivers of Transportation Network Companies (TNCs) in Texas. The coverage will be a personal policy endorsement that fills most of the coverage gap between a personal auto policy and the commercial coverage held by a TNC like Uber or Lyft.
"Ridesharing is changing the way people are getting around," said Dave Pratt, a business leader for Progressive. "This new endorsement will provide TNC drivers the peace-of-mind that they're covered for liability, uninsured/underinsured motorist coverage and physical damage at all times—whether they have a passenger or not, and is backed by Progressive's excellent claims service. The way people move is changing and Progressive is committed to creating innovative products that address drivers' evolving insurance needs."
The offering will allow customers to extend roadside assistance, comprehensive and collision through all phases of TNC activity. Drivers will also receive an additional benefit: if the collision coverage provided by the TNC includes a deductible that's higher than the customer's deductible under their Progressive policy, Progressive will pay the difference.
The new endorsement, available to new and existing customers, meets the updated requirements to comply with Texas law. Texas customers who drive for Uber, Lyft or another TNC can contact Hemphill Insurance Agency in Fort Worth Texas at (817) 923-2001 or (800) 480-4461 to learn more about this endorsement.
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, and recreational vehicles.