Tag Archives: GEICO

Leaked Transcript Shows Geico’s Stance Against Uber, Lyft

by Carolyn Said, San Francisco Chronicle

uber lyft sidecar vehicle

The largest insurer, State Farm, said it would not cover ride-service activities. “We do not insure livery use, therefore, customers should not depend on their personal auto insurance coverage to protect them while driving for a ride-sharing service like Uber or Lyft,” State Farm spokesman Sevag Sarkissian wrote in an e-mail. “A commercial auto insurance policy is needed to insure against livery use exposures.” Allstate, the third-largest, has a similar policy. Read More ›

As data about drivers proliferates, auto insurers look to adjust rates

by Alina Tugend, New York Times

It’s no surprise that car accidents, speeding tickets and where you live all affect how much you pay for automobile insurance. But consumer groups say that other, apparently unrelated, factors are unfairly being used to set rates. Two organizations have released separate reports contending that the factors insurance companies are using to determine rates — like educational level and occupation — are detrimental to consumers, especially to low-income customers. Read More ›

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