HyreCar also just completed moving its primary and excess automobile insurance liability programs over to Lloyd’s Apollo 1969 syndicate, an insurance provider in the gig economy that provides insurance to many of the top companies in rideshare transportation and food delivery.  - Photo via Depositphotos.

HyreCar also just completed moving its primary and excess automobile insurance liability programs over to Lloyd’s Apollo 1969 syndicate, an insurance provider in the gig economy that provides insurance to many of the top companies in rideshare transportation and food delivery. 

Photo via Depositphotos.

HyreCar Inc., a carsharing marketplace for ride-hailing and delivery fleets, provided a corporate update this week and announced the completion of a new auto insurance program with Lloyd’s Apollo 1969 syndicate.

“We are very happy that our weekly rental days have now quickly rebounded to over 19,500, putting us back to pre-Covid 19 growth, and we set a new all-time high month with over 79,000 days in May,” said Joe Furnari, CEO of HyreCar. “We believe this is because our business model and platform allowed us to leverage new opportunities within this crisis and create a larger market with ridesharing and delivery. As states reopen, we should continue to see steady revenue growth in the second half of 2020.”

Beginning Date Ending Date Weekly Rental Days
Dec. 30, 2019 Jan. 1 16,912
Jan. 6 Jan. 12 16,995
Jan. 13 Jan. 19 17,156
Jan. 20 Jan. 26 17,271
Jan. 27  Feb. 2 17,447
Feb. 3 Feb. 9 17,804
Feb. 10 Feb. 16 17,923
Feb. 17 Feb. 23 18,352
Feb. 24 March 1 19,942

 

HyreCar also just completed moving its primary and excess automobile insurance liability programs over to Lloyd’s Apollo 1969 syndicate, an insurance provider in the gig economy that provides insurance to many of the top companies in rideshare transportation and food delivery. 

Beginning Date Ending Date Weekly Rental Days
March 2 March 8 20,071
March 9 March 15 19,580
March 16 March 22 16,280
March 23 March 29 14,319
March 30 April 5 14,141
April 6 April 12 14,602
April 13 April 19 15,800
April 20 April 26 15,961
Arpil 27 May 3 16,808
May 4 May 10 17,293
May 11 May 17 17,776
May 18 May 24 18,317
May 25 May 31 18,553
June 1 June 7 19,247
June 8 June 14 19,587


Hyrecar’s new insurance program was issued by Assurant, with the backing of Apollo 1969.

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