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June 4, 2015
NEW YORK — Allstate will start insuring drivers who pick up passengers through ride-hailing apps like Uber and Lyft.
The insurer said Wednesday that the Ride for Hire policy will cost $15 to $20 a year on average and will provide coverage for drivers who get into accidents while they are on the way to pick up new fares. It said it can also help them deal with gaps in coverage between their own auto insurance and policies offered by the ride-hailing companies.
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