Compare Taxi Insurance Quotes
Compare taxi insurance policies from up to 5 insurance providers with one short quote form.
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One short quote form- Suitable for all taxi types
- You could save time and money
Taxi Insurance Comparison In 3 Steps
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Provide details about you & your vehicle
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Compare prices & taxi insurance policy features
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What Is Taxi Insurance?
Taxi insurance, or public carriage office insurance in London, is a specialised type of hire and reward insurance. It is designed to cover private or public hire vehicles used for transporting people commercially. Taxi insurance typically includes provisions for bodily injury, property damage, and medical expenses for both passengers and third parties.
Additionally, taxi driver insurance may cover the driver's liability, vehicle damage and theft. Due to the nature of the service and the increased exposure to potential accidents, taxi cab insurance is a crucial safeguard for drivers and passengers.
Taxi insurance cover is a legal requirement and goes beyond standard vehicle insurance, it considers the unique risks associated with operating a hire taxi. You can opt for private hire taxi insurance or public hire insurance. The difference between these two insurance policies depends on how passengers hail the service.
How To Compare Taxi Insurance Quotes
Taxi insurance costs can vary significantly between insurance providers, so it pays to shop around and compare policies. Whether you need Black Cab insurance, Minicab insurance, Uber insurance or an insurance policy that covers the transport of passengers, you will need to have the right cover to protect yourself and your business. Finding a good quote is easy via Quote Goat. Just take a moment to fill out the quote form and see how much you could save.
Different types of taxi cover
Third-Party Only (TPO)
The minimum level of insurance required by law. It covers you for damage or injury to third-party vehicles or property and third parties if you are deemed to be at fault. Third-party insurance will not cover damage to your own taxi or yourself.
Third Party, Fire & Theft
Includes TPO and the cost of replacing or repairing your taxi if it was stolen or damaged during an attempted theft or in a fire.
Fully Comprehensive
The most complete level of cover, including everything above and damage to yourself or your taxi, even if it is your fault.
How much is taxi insurance & why is it more expensive than standard car insurance?
In general, taxi insurance prices are calculated based on levels of risk. As a cab driver, you will be on the road for longer, work on congested roads and drive during unsociable hours. Taxis are usually larger vehicles than a standard vehicle which will place it in a higher insurance group.
These factors can increase the cost of your premiums. However, there are several ways that you can find cheaper taxi insurance quotes.
How to find a good deal on your taxi insurance
Comparing taxi insurance online is one of the best ways to find the right deal. However, there are other steps you can take to potentially lower the cost of your premiums.
Do not auto-renew:Compare taxi insurance quotes each year to see if you can save or to ensure that you are not over-paying on insurance when you renew your current policy.
Lower insurance group: When buying a taxi, please pay attention to the insurance group. The insurance group that your taxi belongs to can significantly impact the price.
Avoid convictions: All types of convictions can push up the cost of taxi insurance, both non-motoring and motoring. It pays to have a clean driving history by not speeding, using your mobile, or committing any offence that be must declared to your insurance provider.
No claims discount: Building up a no-claims bonus can significantly reduce the cost of taxi insurance offered by insurance providers.
Pay annually: If financially possible, try to pay your taxi car insurance annually instead of with monthly instalments to avoid the monthly interest rates on your premiums.
Taxi insurance add-ons
If you are unsure about whether you require any extras, speak to your chosen insurance provider. Please note that including these covers in your policy may make it more expensive, but it could also save you money should the unexpected happen.
We have listed a few optional extras that you may include with your taxi insurance policy.
Damage to windscreen
Windscreen damage can often be incorporated into your policy. However, it is also known to come as an optional extra on public hire insurance or private hire taxi insurance.
License loss
Protects you if you lose your taxi license. Certain providers will typically pay you an income for a period once the taxi licence is taken away.
Home assistance
This add-on ensures you receive assistance if your taxi breaks down or will not start at your home.
Ongoing transfer cover
This offers assistance for passengers who need to carry on with their journey using other vehicles if yours breaks down.
Public liability
Public liability cover protects public or private hire taxis against claims made by members of the public for injury or damage.
Breakdown cover
This taxi breakdown cover protects you in case of car failure.
Non-taxi use
Provides coverage when using the taxi outside of working hours and is subject to your licensing authority’s rules.
Legal assistance
Cover against legal fees and losses incurred due to an accident that was not your fault.
What information is required to get a quote?
You'll need to provide a few details, including:
1
Vehicle Details
Make and model of your taxi or registration plate, type of taxi, type of use and approximate vehicle value.
2
Cover Details
Level of cover, no-claims bonus details for your taxi and a private no-claims bonus if applicable. How long you’ve held your taxi badge, who will be driving and details of any claims or motoring convicting in the last 5 years.
3
Your Details
Your name, address, date of birth & contact details.
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Frequently Asked Questions
How many taxis does fleet insurance require?
You can compare fleet insurance policies if you have two or more taxis. Quote Goat could potentially help you find comparatively cheap taxi fleet insurance quotes online.
Do I need public hire taxi insurance or private hire insurance cover?
Public hire taxi insurance covers drivers who pick up passengers without pre-booking, like when passengers hail cab drivers. Private hire insurance cover is for pre-booked journeys, including taxi booking services like Uber and other minicab services.
Do I need public liability insurance as part of my taxi policy?
Public liability insurance is not a legal requirement. However, it could prove extremely important to protect you financially if the unexpected happens. It is required if you deal with the local authority or council contracts.
Can I use my taxi for personal use?
You can use your taxi for personal use as long as your policy covers this. However, it is worth noting that if you want someone else, such as a partner, to drive your taxi for personal reasons, you may not be able to due to restrictions stated by your licensing authority.
Can my cover begin today?
In theory, yes, you will first need to get a quote. Your insurance provider will confirm when your policy begins.
Is there a limit on the number of taxi drivers on my policy?
You can decide whether your policy covers just you, any number of named drivers, or any driver.
Can I get taxi insurance as a young driver?
Yes, although your young driver policy will likely be more expensive due to the increased risk younger drivers present.
I'm a convicted driver. Can I get a taxi insurance quote?
Yes! It is certainly possible to get taxi insurance as a convicted driver. However, please be aware that your cover may be more expensive because you will be seen as a greater risk to insure. The best way to find out is to get a quote now.
Who qualifies to get public or private hire taxi insurance?
Anyone with a driving or full taxi licence in the UK and those with a taxi badge should have taxi insurance. However, some insurance providers may set an age limit on who they will cover. For instance, they may not provide coverage for drivers under 25 or over 75.
