INSURANCE AS IT RELATES TO DEMAND-RESPONSIVE TRANSIT (ABRIDGMENT)

At the present time, it is difficult to set insurance premiums for ride-sharing systems. The concept is relatively new. Therefore, carriers have been unable so far to identify adequately the exposure to losses for rating purposes. Compared with conventional taxicabs, ride-sharing systems do have higher passenger loads which would tend to raise insurance costs due to the increased liability limits required. However, they also have a lower accident frequency which tends to lower insurance costs. Premiums can also be kept in line through proper hiring procedures, safety programs, thorough claims-handling procedures, and curtailing medical fees.

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    • Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved. This paper appeared in TRB Special Report 184, Urban Transport Service Innovations.
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    Transportation Research Board

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  • Authors:
    • Chalker, Donald B
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  • Publication Date: 1979

Media Info

  • Media Type: Digital/other
  • Pagination: p 78
  • Monograph Title: URBAN TRANSPORT SERVICE INNOVATIONS
  • Serial:

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Filing Info

  • Accession Number: 00193703
  • Record Type: Publication
  • ISBN: 0309028175
  • Files: TRIS, TRB, ATRI
  • Created Date: May 26 1981 12:00AM