Buckle, a tech-enabled financial services company, has expanded its rideshare-only auto insurance into Tennessee. Last year, the company launched the insurance offering that provides rideshare and transportation network company (TNC) drivers with personal and commercial coverage in one policy to eligible rideshare drivers in Georgia.
According to Sharon Fernandez, head of Insurance at Buckle, the auto coverage offers protection for drivers whether they are on or off the clock in one policy. The company initially launched in Georgia and plans to rapidly expand in Q1 of this year.
Buckle’s auto insurance products use non-traditional data sources available on gig workers, including driving track records, crowdsourced from thousands of trips to provide the auto insurance in a cost-effective manner to the new risk class that falls in-between non-prime and deep sub-prime.
Buckle is working with TNCs that employ gig workers, including rideshare companies, food delivery companies, and package delivery companies.
Buckle provides a financial services platform that focuses on insurance, credit, and advocacy for the gig economy.
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