If you drive a taxi then the right insurance is a legal requirement. But there are a lot of elements to consider: public or private, type of cover, type of vehicle, named drivers, drivers’ ages, mileage, breakdown, public liability, personal use, no claims and the number of passengers.

Let us take all that worry away from you and research the best policy for your business, whether you are established or just starting out. We will then explain your policy to you, in language you understand, to ensure you won’t unwittingly invalidate your insurance.

Public or Private

There are two types of taxi insurance: public hire taxi insurance for taxis licensed to be hailed on the street without prior booking, and private hire taxis that can only be hired with an arranged appointment. We have policies for both private hire taxi insurance and public taxi hire insurance, and will take the time to find out about your business to ensure you have the right cover, as the wrong policy could leave you financially liable. Similarly, finding the policy with the right level of breakdown cover is important to ensure you can get back on the road as soon as possible or get a replacement plated car whilst yours is being repaired.

Number of Passengers

The maximum number of passengers each type of taxi is allowed to carry per journey is limited by law, so it is important to know how many passengers you’re permitted in your vehicle, as often minicab insurance cannot be extended to other types of vehicle. We can find policies that include mini buses and seven-seaters and above.

As with all insurance, there are important aspects of taxi insurance to consider beyond the traditional options of Third Party, Third Party Fire & Theft, and Comprehensive. Some policies will restrict cover based on public or private hire, or the type of vehicle you’re driving. Not all policies include public liability cover providing financial protection against claims of negligence or damages.

Drivers’ Minimum Age

Mileage is also a factor which you don’t want to be penalised for, as is the minimum age of the driver. It is usually set higher at 25 than standard car insurance policies, because of the level of risk for the insurer. Taxi insurance for under 25’s can be found, but there are varying costs and different age minimums for public hire and private hire taxi insurance.

No Claims Discounts

Some policies will allow you to transfer your no claims discount across from a personal policy and will insure you for personal use too. However, you need to consult your local authority before paying to name a spouse or partner on your taxi insurance policy, as unregistered drivers aren’t always permitted to drive plated taxis.
There are policies that will insure the car rather than the driver if you have a number of staff and policies for fleets of taxis.

Get in touch

Because we take the time to get to know our clients’ needs and explain aspects of policies to them, you can be confident you have the right cover and won’t unknowingly invalidate your insurance. Give us a call today to get a quote for your business.