Lyft's car insurance works similar to other car insurance. The biggest difference is that Lyft cars usually have much more insurance than your average car. For example, in Florida, most cars aren't required to have bodily injury liability (BIL) insurance. Yet, Lyft cars have a minimum of $50,000 per person in BIL coverage. This is good news for people who are injured in a Lyft accident. This $50,000 BIL limit applies regardless of the state, and includes Florida. It gets better: If the Lyft is picking up passengers or during trips, Lyft's insurance policy provides up to $1 million in BIL coverage. For insurance purposes, you're usually better off being in an accident with a LYFT than with a random car.