A leaked Geico internal sales training document clearly indicates the company will terminate policies of customers found driving for so-called “ridesharing” companies Uber, Lyft and Sidecar.
The document also states customers found driving for “ridesharing” companies may be referred to the company’s fraud department, and be required to prove they no longer drive commercially, if they wish to retain insurance coverage.
A spokesperson for Geico refused to comment on the document, except to agree in concept that personal insurance policies do not cover livery (for-hire) services. According to a report, major insurers Allstate and State Farm also agree that personal policies do not cover driving for so-called “ridesharing” companies, which would include Uber’s service uberX, as well as its competitor, Lyft.
“Major insurance companies may be reticent to publicly denounce ‘ridesharing’ companies, nonetheless this document demonstrates Geico will drop customers who drive for Uber and Lyft,” said Dave Sutton, spokesperson for ‘Who’s Driving You?’ “Geico is referring ‘ridesharing’ drivers to its fraud department—and that should make uberX and Lyft drivers very, very nervous.”