Feb. 26, 2015 – Beginning in mid-May 2015, USAA members driving for transportation network companies in Texas will have the option to extend their personal auto insurance policy to provide coverage from the moment they log in to a ridesharing mobile app until they are matched with a passenger. USAA first offered this product as part of a pilot program introduced in Colorado earlier this month.
“Interest in this product has increased, especially among our military spouse and veteran members who have been driving for these services,” said Alan Krapf, president, USAA Property and Casualty Insurance Group. “It’s important for us to financially protect our members when they need it, and we’re pleased to extend the pilot to Texas, which will help us further evaluate the benefits of this coverage.”
This product will protect USAA ridesharing drivers in Texas during the critical stage when they haven’t yet been matched with a fare. Transportation network companies often offer commercial insurance that covers drivers and their passengers once they’ve been matched by the app, but some only offer minimal liability insurance coverage while unmatched. USAA’s product will extend a member’s current coverage and deductibles for an average cost of approximately $6 to $8 more per month, or roughly $40 to $50 more for a six-month insurance policy.
The USAA family of companies provides insurance, banking, investments, retirement products and advice to 10.7 million current and former members of the U.S. military and their families. Known for its legendary commitment to its members, USAA is consistently recognized for outstanding service, employee well-being and financial strength. USAA membership is open to all who are serving our nation in the U.S. military or have received a discharge type of Honorable – and their eligible family members. Founded in 1922, USAA is headquartered in San Antonio. For more information about USAA, follow us on Facebook or Twitter (@USAA), or visit usaa.com.
Contact: Rebecca Hirsch
USAA on Twitter: @usaa