San Antonio, TX (PRWEB) October 01, 2015
USAA members driving for ridesharing companies in Illinois have the option to extend their personal auto insurance policy so that they are covered from the moment they log in to a ridesharing mobile app until they are matched with a passenger. USAA offers the coverage as part of a pilot program that includes Colorado, Texas and Washington.
“Insurance requirements for ridesharing drivers are becoming a significant factor in a growing number of areas,” said Jesse Mata, a product management director for USAA. “It’s important for us to provide protection where our members will need it.”
This product will help protect USAA ridesharing drivers in Illinois during the critical stage when they haven’t yet been matched with a fare. Transportation network companies often offer commercial insurance that covers drivers and their passengers once they’ve been matched by the app, but liability insurance coverage while they are unmatched might be minimal. USAA’s product will extend a member’s current coverage and deductibles for a cost of approximately $6 to $8 more per month, or roughly $40 to $50 more for a six-month insurance policy.
The USAA family of companies provides insurance, banking, investments, retirement products and advice to 11.1 million current and former members of the U.S. military and their families. Known for its legendary commitment to its members, USAA is consistently recognized for outstanding service, employee well-being and financial strength. USAA membership is open to all who are serving our nation in the U.S. military or have received a discharge type of Honorable – and their eligible family members. Founded in 1922, USAA is headquartered in San Antonio. For more information about USAA, follow us on Facebook or Twitter (@USAA), or visit usaa.com.