Senator Chris Cabaldon’s legislation to lower the cost of fares on rideshare services such as Uber and Lyft cleared its final votes in the Senate and Assembly this week by overwhelming bipartisan margins and now goes to the governor’s desk.

Governor Gavin Newsom previously has announced his support for Senate Bill 371 as part of a legislative package to benefit both riders and drivers.

The bill aims to reduce the cost of rideshare services for Californians by removing the requirement that rideshare drivers carry $1 million in coverage for accidents caused by other drivers who are uninsured or under-insured – a cost that today is passed on to riders in fees. The bill will lower the requirement to $60,000 in uninsured motorist coverage per individual and $300,000 per accident.

By comparis

See Full Page