There are a number of extras that can be included in policies or be required to have as add-ons. In general, cheap taxi insurance policies will need at least some extras adding on. We have listed a few extras below to help you decide if you require any of them.
Damage to windscreen – can often be incorporated into a taxi insurance policy, however it is also known to come as an optional extra
License loss – it is possible to get protection in case you lose your license, paying you an income for a period once the license is taken away
Home assistance – assistance if you break down or your taxi will not start at your home
Ongoing transfer cover – assistance for passengers who need to carry on with their journey if your taxi breaks down
Public liability – protecting you against claims made by members of the public for injury or damage
Breakdown Cover – insurance to cover the costs of a breakdown
Non-taxi use – coverage for your own use of the taxi out of working hours can also be provided by some providers
It’s expensive for a number of reasons:
- Taxi drivers cover a lot more miles than the average driver.
- Carrying members of the public means that your insurance has to have public liability cover
- Taxi’s are often involved in claims and therefore insurance premiums are increased to cover a higher frequency of payouts.