Allstate Will Insure Uber and Lyft Drivers

Northbrook-based Allstate Corp. will soon begin to insure Uber and Lyft drivers as well as users of other similar ride-hailing apps.

The Ride for Hire policy will cost $15 to $20 a year on average and will provide coverage for drivers who get into accidents while they are on the way to pick up new fares, according to Crain’s Chicago.

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The coverage also can help drivers deal with gaps in coverage between their own auto insurance and policies, the company added in a statement.

The coverage will begin to be offered in Illinois, Colorado, Texas and Virginia this year and begin in other major markets in 2016.

more via Crain’s Chicago