What is Lyft?
In late 2014 Lyft entered New York City after getting licensed as a TLC Black Car Base. Currently Lyft operates two NYC bases (Endor Car & Driver LLC and Tri-City LLC) out of the Falchi building in Long Island City, NY, the same building as the Taxi & Limousine Commission. If you have decided to sport a pink mustache and drive for Lyft in NYC there are a few things you should be aware of. To offer pre-arranged passenger service for Lyft in NYC you need to have a valid TLC license and affiliate your vehicle with the base. In addition you need to comply with Lyft’s insurance requirements, so what are they?
Lyft’s rideshare insurance policy isn’t valid in New York City, so drivers will need to purchase commercial insurance coverage meeting the Taxi & Limousine Commission’s minimum insurance limits. For most vehicles that will be liability coverage in the amount of $100,000 per person, $300,000 per accident, $200,000 in personal injury protection and $10,000 in property damage. Sounds confusing? It doesn’t have to be. Just download the inshur app today and get a quote in seconds from top carriers that comply with Lyft’s and the TLC minimum insurance levels. You will be able to buy the policy and get on the road making money quickly. We have flexible payment options and no fees! Our licensed staff is always here to help – you can call, email or stop by one of our locations.