Mobilitas Insurance, a commercial insurance company, was selected by Lyft to expand its
The partnership provides Lyft drivers with blanket coverage while they're driving on the Lyft platform.
Mobilitas, a subsidiary of CSAA Insurance Exchange, which is the lead member of CSAA Insurance Group, was founded in 2020 and provides insurance solutions for the sharing economy and mobility sector.
"Lyft is excited to broaden its rideshare insurance partnership with Mobilitas," said Curtis Scott, vice president of risk at Lyft, in a statement. "This allows us to leverage Mobilitas' regional expertise as our business continues to evolve, ensuring we have claims handling specifically built for ridesharing, as well as data-driven risk mitigation and reliable security for riders and drivers on the Lyft platform. Additionally, we look forward to further integrating our cutting-edge risk management solutions with Mobilitas to bring innovative insurance products to market."
Julie Brown, general manager of Mobilitas said connections at Lyft opened the door for the insurance company to submit a proposal and partner with Lyft in the first 11 states last year.
“We work very closely with them on an actuarial level and claims level,” Brown said of the partnership.
For Lyft drivers in the 18 states, the blanket coverage is available when driving on the Lyft platform.
In Colorado, Mobilitas uses Lyft driving data to quote a policy and provide coverage when driving on and off the Lyft platform. Lyft drivers can choose to quote, buy and manage a separate policy through the Mobilitas website or the app.
Brown said that since its founding, Mobilitas has made efforts to educate and inform rideshare drivers, not just those who drive with Lyft, of its all-in-one auto insurance.
“The driver often thinks personal lines cover them, in fact, it doesn’t,” Brown said. “Minimum limits are there but if something happens, you may not have coverage at all as a driver.”
Geico, Allstate, Progressive, Farmers,
Additionally, Mobilitas has been working on its last-mile delivery coverage, which includes fleet owners who operate small businesses that include package delivery for companies like Amazon. Mobilitas also has a forthcoming cargo solution in the works.
Brown added that there is significant growth in both ridesharing and last-mile delivery. She continued: “There aren’t a lot of insurers finding creative solutions to help this new type of business."
