Stable Insurance Launches in Illinois to Protect and Empower Rideshare Vehicle Owners
Stable, a new insurtech company built specifically for rideshare drivers and fleets, today announced that it has launched its first insurance product for owner operators – drivers who own vehicles that they drive on rideshare networks like Uber and Lyft.
Stable is a trusted insurance partner and experienced driver advocate that helps drivers fully protect themselves and their businesses with commercial-grade insurance coverage and technology tools that enable them to run their businesses more efficiently and profitably.
Stable currently offers insurance to owner operators in the state of Illinois, and it will begin to offer this coverage in Arizona, Georgia, Tennessee, and Texas later this year as it expands rapidly state by state. Stable has a goal of going live in California and Florida in the next 12 to 18 months. By the end of 2022, it will introduce insurance coverage designed for rideshare fleets and carshare vehicle owners.
Stable's products are developed by insurance experts and tailored, based on input from hundreds of drivers and fleets, to meet the unique needs of drivers, cover their specific risks, and adequately protect them. With Stable, drivers purchase insurance digitally at competitive rates through a user-friendly purchasing process, and they have access to dash cam technology that lowers costs while enhancing safety.
Read the full press release here.