California OKs rideshare coverage from State Farm, USAA
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Major insurers are jumping into the pool to provide new auto insurance coverage options to California drivers working for ride-hailing companies such as Uber and Lyft, The Sacramento Bee reported.
This week, California Insurance Commissioner Dave Jones approved Bloomington, Ill.-based State Farm and San Antonio, Texas-based USAA to begin offering coverage for policyholders using their personal cars to provide rides through transportation network companies (TNCs).