Stable Insurance

Insurance built specifically for rideshare and carshare drivers and fleets

Specialty Insurance Seed $3.3M

Overview

Stable Insurance is an insurtech company built specifically for rideshare and carshare drivers and fleets. Born out of a small rideshare fleet that could not find suitable insurance solutions, the company addresses the unique coverage needs of gig economy drivers working with platforms like Uber, Lyft, Turo, and GetAround.

The company provides usage-based pricing insurance products that complement existing platform insurance, charging drivers only for the times they are not actively driving passengers or when vehicles are off the carshare platform. This approach often results in lower premiums compared to traditional insurance offerings.

Stable's underwriting leverages telematics data gathered from mobility platform apps and dashcam integrations, bypassing traditional rating factors like age and credit stability that can drive up costs for gig drivers.

Products & Services

Rideshare Insurance

Usage-based insurance for rideshare drivers that works alongside platform insurance.

Key Features

Only charges for times not driving to or with a passenger
Gap-free coverage between personal and platform insurance
Telematics-based underwriting

Target Users: Uber, Lyft, and rideshare drivers

Carshare Insurance

Usage-based insurance for carshare vehicle owners.

Key Features

Only charges for miles driven off the carshare platform
Works with carshare platform insurance
Lower premiums through usage-based pricing

Target Users: Turo, GetAround, and carshare hosts

Delivery Insurance

Coverage for last-mile delivery drivers.

Key Features

Tailored for delivery vehicle owners
Platform integration
Usage-based pricing

Target Users: Delivery drivers and fleets

At a Glance

Founded: 2018
Headquarters: Brooklyn, New York
Employees: 11-50
Funding: $3.3M

Category & Focus

Category: Specialty Insurance
Subcategories: Usage-Based Insurance Telematics Mobility Insurance
Insurance Verticals: Auto Commercial Auto
Target Customers: Rideshare Drivers, Carshare Owners, Delivery Drivers, Fleets