Would You Rather Be Hit by a Taxi or an Uber?
When asked about whether a Uber driver or a taxi driver would have more insurance coverage to handle a person’s medical bills in case of a car crash, Washington State Insurance Commissioner Mike Kreidler said if insurance were the primary concern, “I’d probably take the Uber.” That is because Uber drivers are insured for up to $1 million in liability coverage per accident, whereas taxis are only required to have $300,000 in coverage. However, in the case of a pedestrian being hit, Kreidler says a taxi driver would have more insurance coverage. He explains that if an Uber driver does not yet have a passenger locked in, the insurance liability requirement at that moment is only $100,000 per accident. In the case of taxi drivers, their insurance is the same at all times — $300,000 per accident, says Kreidler.
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