Farmers Insurance Now Offers Rideshare Coverage

Farmers Insurance recently announced that it has begun offering Arkansas drivers rideshare insurance coverage in response to the state’s new ride-sharing law, Act 1267, which was signed by Gov. Asa Hutchinson in early April.

Farmers says it is the first provider in the state to offer this line of insurance.

Under the law, sponsored by Sen. Jason Rapert, R-Conway, “ride-hailing drivers will be required to have insurance coverage from the moment they turn on their rideshare app,” according to the insurer’s press release.

Before apps like Uber became so widely used and sparked legislation like Rapert’s, personal car insurance agencies did not offer insurance to rideshare drivers while working, a coverage gap Farmers sought to fix.

“Farmers Rideshare will provide Farmers customers coverage during Period 1, which begins once a driver turns on the ride-hailing application and is awaiting a match,” the press release states. “The coverage will extend a driver’s Farmers auto insurance coverage until they accept a ride, at which point their [Transportation Network Company] affiliate’s insurance applies.”

The insurance through Farmers offers “comprehensive and collision coverage that pays for damages to their own vehicle,” according to the press release, but also offers coverage for both uninsured and underinsured drivers and medical payments.

“I appreciate Farmers Insurance for choosing to offer this product that will benefit both passengers and drivers in Arkansas,” said state Insurance Commissioner Allen Kerr. “I wish to congratulate the General Assembly on the enactment of Act 1267, and the professionals at the Insurance Department for their hard work to implement this sensible law that encourages economic growth in our state.”

To find a local Farmers Insurance agent, visit Farmers.com/Rideshare.