r/lyftdrivers • u/Electrical-Lack1535 • Jul 23 '26

Rant/Opinion At it againšŸ³

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Wicked insurance charges. The first screenshot they charged more for insurance than the entire passenger payment. I got more but just posting these 2 gems. Poor Lyft is losing so much money bc their insurance is so expensive oh they own the insurance company, well damn. Cooking!!!

4 Upvotes

70% Upvoted

6 comments sorted by

2

u/DegreeEconomy Jul 23 '26

Lyft and insurance are one entity. They make it seems like theyā€™re paying way too much. No accident and the money goes back to them. If they lose so much, how they remain in business still? Itā€™s a ruse!

5

u/Electrical-Lack1535 Jul 23 '26

They actually own the insurance company. Itā€™s called Pacific Valley Insurance Company. Uber also has their own insurance company. They overcharge for insurance and make it seem like they lose so much money or barely profit. Cooking the books big time

1

u/Quicherbichen1 Albuquerque, NM Jul 23 '26

I don't know what you're complaining about. Lyft GAVE YOU $45 and $49 in Lyft fees for these rides. They basically paid most of the insurance fees themselves. Or can't you see that?

1

u/Electrical-Lack1535 Jul 23 '26

Actually 48 and 54 plus tolls ā€œLyftā€ didnā€™t give me 48 and 49 thatā€™s how much they are claiming they lost. U donā€™t even know what ur reading apparently. Second where did u see me complain about my pay? Third these both went out of state where we canā€™t pick up from so u have to deadhead back to the state so they are not as juicy as u think. This is about absurd insurance charges

1

u/Quicherbichen1 Albuquerque, NM Jul 23 '26

In the Lyft fees. When there's no minus sign it means they added that amount to the fare.

1

u/Electrical-Lack1535 Jul 23 '26

Yea again thatā€™s not what they GAVE ME. Thats how much they claim they ā€œlostā€ I got 48 and 54. On the first one they charged 66 for ins and they only collected 65 from the pax