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by Igglyboo 4226 days ago
How the hell can they afford that?
2 comments

My liability portion is $250,000 each person / $500,000 each accident and State Farm only wants $30 a month for it.
That's a commercial rider on your personal policy?
"Commercial" is only expensive because higher mileage is higher risk. If you aren't doing a lot of miles per year, it won't be more expensive. Lyft's insurer probably has some mileage math worked into the premium. Or Lyft self insures and knows exactly how much mileage they are covering.
IIRC from what I've seen Lyft issues an on the spot insurance policy for each individual ride.
I see what you're saying, no, that's just the personal policy.
For one, it has a $2,500 deductible.

It is also only active during a Lyft ride.