ADOT Uber Insurance Changes

adot uber insurance

In recent years, the rapid ascent of Uber and Lyft has angered professional taxi drivers across the country.  They are feeling as if Uber and Lyft drivers have had unfair advantages.  First, this is due to a lack of regulations at the state and national levels. However, as more complaints have poured in over recent months, Arizona has taken action. First of all, the state’s Department of Transportation recently implemented numerous changes.  These changes deal with requirements for Uber insurance and Lyft insurance drivers.  Meanwhile, drivers are voicing their displeasure with the ADOT Uber changes.

Financial Responsibilities for Uber Black Insurance 

The difference between Uber insurance and Lyft from taxi drivers is the financial gap placed on the drivers. As of July 3, 2015, those responsibilities changed, with the ADOT Uber changes making sure the playing field is level. First, as of that date, Uber black insurance and Lyft drivers operating vehicles seating no more than eight passengers will be required to carry motor vehicle liability policies containing minimum coverage as well as uninsured motorist coverage in the amount of $250,000.

Software Applications

Because Uber insurance and Lyft insurance drivers rely on computer software.  Next, insurance coverage will be critical when they are logged into their business software. Also, when a driver is logged into the software and actively available to provide transportation to customers, they are now required to maintain commercial coverage amounts of $25,000/$50,000/$20,000 as well as uninsured motorist insurance of $250,000.

Other ADOT Uber Insurance Changes

Also, to make sure the insurance requirements are being met, ADOT has changed the way it will conduct inspections of vehicles. First of all, random inspections and audits will be conducted every three years.  This is a positive step toward getting Uber and Lyft drivers in line with more traditional taxi drivers and companies. Another change is a provision that a motor vehicle insurance policy which has been in effect for at least 60 days may not be cancelled.  That is unless the person named on the policy is covered by a motor vehicle liability policy from another insurer.

While some Uber insurance and Lyft insurance may object to these changes, taxi drivers working for traditional companies like the changes. As more and more customers look to Uber and Lyft for rides, other changes may be necessary in the years ahead.

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