What does taxi insurance cover?
If you drive a taxi for public or private use, regular car insurance isn’t enough. You will need a specialist policy that covers you, your taxi, and your customers.
Taxi cover can vary depending on your business, vehicle size and operating patterns. For instance, only public hire taxi insurance will cover you to pick up customers on the street. Having the right level of taxi insurance is crucial. And you will need enough to cover you against alleged claims for injury and damage to your property.
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What does taxi insurance cover?
To drive passengers for hire and reward, you need taxi insurance.
This applies to both public hire taxi drivers picking up passengers on the street, or private hire taxis picking up pre-booked fares.
There are three main types of insurance you’ll need for a taxi:
Insurance for your vehicle
Every taxi needs to be insured. The levels of insurance for your vehicle include:
- Third party only – The minimum required by law. This covers damage to other vehicles and third party liabilities in the event of an accident, but does not cover damage to your own taxi
- Third party fire and theft – The same as third party only cover, but also provides cover for fire damage to your taxi and theft of your vehicle
- Comprehensive – Adds cover for damage to your own taxi in the event of an accident
Don’t be tempted to get the cheapest taxi insurance cover without considering what you’re covered for. Third party only cover may leave you out of pocket if you have to carry out repairs to your taxi, or have it written off following an accident. Comprehensive cover is often cheaper than you think.
If your business has 3 or more taxis to insure, ChoiceQuote also offers taxi fleet insurance. This can work out cheaper and easier to manage for you, with multiple taxis and drivers all on one policy.
Public liability insurance
This provides cover for injury claims from passengers and other members of the public while you’re driving your taxi. This is included as part of your policy with most insurers, or it can be purchased separately. If in doubt, check the policy wording before buying, or get in touch with us to confirm your cover.
There’s more information on what public liability insurance covers below.
If you have an office to control your taxi bookings, taxi base insurance covers your buildings. You’ll also be able to arrange employers’ liability cover (for claims of alleged injury from staff) and public liability insurance, too.
What vehicles can I drive?
ChoiceQuote provides cover for a wide range of vehicles for hire and reward, including:
- Black cabs/Hackney carriages
- Uber Taxis (or other booking apps)
- Private Hire Taxis
- Regular saloons
- MPVs (up to 8 seats)
Ask for a quote and see in minutes how much it will cost you to insure your taxi.
Who can get taxi insurance?
You can get cover if you meet the following criteria:
- Are aged between 23-75
- Hold a public hire taxi badge, or
- Hold a private hire taxi badge
- Drive an Uber
- Have only recently got your taxi badge
- Have claims or motoring convictions
ChoiceQuote offer competitive quotes from a range of insurers. We consider your individual circumstances to find the right policy at the right price from our insurance panel.
Get a quote online for your taxi now and see how affordable your next policy can be.
How much does taxi insurance cost?
Taxi insurance with ChoiceQuote starts from just £13.25 a week.
This depends on various factors:
- Your age
- Type of vehicle
- Age of vehicle
- Your location
- Your driving experience
- Length of taxi badge
- Length of no claims bonus
- Any accidents or claims reported
- Motoring convictions
Each quote we provide is carefully prepared to consider your circumstances and meet your needs.
Cover for taxi bases (or taxi offices) starts from as little as £350 a year. Again, costs can vary depending on:
- Customer access to your premises
- Size of property
- Property location
- Members of staff
What local authorities does ChoiceQuote cover?
We provide cover for taxis across the UK, including main areas such as:
- Brighton and Sussex
- Cambridge and East Anglia
- Devon & Cornwall
This list by no means covers all areas. Wherever your badge is held, you can request a quote online and see how much you can save.
What is public liability insurance?
When driving a taxi, members of the public can make alleged claims of injury against you.
Equally, if you have a taxi base and allow members of the public inside, they could claim against you for alleged injuries or personal damages sustained while in your premises.
Public liability insurance protects you against the cost of defending claims, and compensation for successful claims.
Cover can be provided for up to £10m. It’s often included as part of your insurance for taxi vehicles, and as part of a taxi base policy when members of the public come on-site.
Employers’ liability insurance offers the same cover, but protects you against claims from employees who work for your business.
Frequently Asked Questions
How many taxis are required for fleet insurance?If you have 3 or more taxis, then fleet insurance is the best cover for you. This will cover your company’s vehicles without taking out multiple policies. If you rent your taxi vehicles to your drivers, they can also be covered as part of the taxi fleet policy, but they must be 25 years or older.
Do I need public hire taxi cover or private hire taxi cover?Private hire taxis are pre-booked and public hire taxis do not require a pre-booking.
Can I insure my taxi for personal use?If you’re a registered taxi driver, you can still use your vehicle for personal use. Rules can differ depending on your local council, so make sure you check in advance.
What types of vehicles will your taxi insurance cover?Our insurance covers a wide range of vehicles from saloons to executive cars.
Can I get cover today?Yes, if you need insurance today, you can buy immediate cover. You can make a payment by credit or debit card or if you choose to pay by Direct Debit, you can pay an initial deposit and then pay the remaining amount over monthly instalments.
How many drivers can I have on my policy?When you purchase single vehicle taxi insurance, you can insure up to 4 drivers on a ‘named drivers’ policy. Dependent on your insurer, you can cover any authorised driver, rather than all named drivers on your fleet.
What other policies do you offer?We know that you rely on your vehicle to make a living. In an unfortunate case of a breakdown, you will want to get back on the road as soon as possible. We offer breakdown cover in addition to your existing policy or as a new policy. Legal expenses cover is also available.