What type of insurance do I need to drive a taxi?

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Written by Michael Foote , founder of Quote Goat, with over 13 years experience working in the finance, insurance and currency sectors.

There is a huge range of different taxi insurance policies available that can cover everyone from a new driver just staring out to a seasoned taxi driver with years of experience.

Regular car insurance policies aren’t enough to cover you if you drive a taxi for a living. You can’t rely on your usual car insurance even if driving a taxi is a part time earner on the side of your regular job.

What you need is specialist taxi driver coverage that is custom made for cars that are utilised as a commercial hire vehicle. These policies are specially designed to cover all the necessary problems that arise when driving a taxi; from spending long hours on the road to damage that can occur from certain passengers.

Taxi insurance policies

If you want to drive a taxi then you will need taxi insurance. In the UK it is a legal requirement and driving without it can see you landed with a fine, points on your license and even a driving ban.

You will need a different type of insurance depending on the type of taxi vehicle that you drive. These are separated into the following categories:

Public Hire Taxis

These types of taxis are easily identifiable. These taxis can be hailed down in the street and don’t need to be pre-booked through a taxi company. Think of London’s black cabs; they generally display a large ‘TAXI’ sign somewhere on the vehicle. They require a form of insurance known as public hire taxi insurance to cover picking up customers without a booking.

Private Hire taxis

A private hire vehicles can’t be flagged down in the street and require booking through a taxi company in order to use. These types of taxis include the majority of minicabs as well as large multipurpose vehicles (MPV) such as a minibus or people carrier and also drivers who work for ride-sharing apps like Uber, who will need this type of insurance, also known as “Uber Insurance“.

This type of insurance will not cover you if you choose to pick up someone who hasn’t pre-booked.

Compare taxi insurance online using Quote Goat to find a great deal on your cover.

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