Find and Compare Taxi Insurance Quotes with The Money Pig
If you own a taxi or your regular car doubles as a cab, you’ll need specialist taxi insurance to ensure you’re covered when carrying passengers. Find tailored taxi insurance quotes to meet your needs. If you’re looking for regular car insurance then click here.
The Easiest Way to Get Your
Taxi Insurance Quote
Enter Your Details
Enter details about yourself and your cab, so we know who and what you are looking to insure.
Tailor Your Quotes
Tailor your quotes based on your specific requirements and the add-ons and features you want to include with your taxi insurance.
Choose a Quote and Save
Choose the best taxi insurance deal for you and get a great price for the exact cover you need.
Compare Taxi Insurance Quotes in Minutes
With just a handful of details, you can be provided with a range of taxi insurance quotes in a matter of minutes. Get your quote and find taxi insurance today. You will be asked about:
You will need to enter your name, your address, your age, and whether being a taxi driver is your primary job.
You will be asked if you’re a single owner driver or running a larger taxi business. You will also be asked about the car you want to insure itself, including its make, model, value, and how many taxi miles you expect to cover in a year.
How You Use Your Taxi
You need to tell us whether your taxi is for public or private hire, and which council authority you or your firm holds a taxi licence with. You will also be asked if you need to add any other drivers to your policy.
Modifications to Your Car & Security Features
You will be asked about any modifications made to the car, such as handrails or ramps for accessibility purposes. You may also be asked about security features such as CCTV, or any alarms or trackers on the vehicle.
Your No Claims Discount
Detail about your no claims discount, whether you have it with your taxi or with another vehicle.
The Taxi Insurance Add-Ons You Need
Detail any specific add-ons you need with your policy. Don’t worry if you’re not sure; You will be shown a range of quotes from insurers that include options for add-ons and extra features.
What Will Your Taxi Insurance Cost?
The cost of taxi insurance can vary wildly depending on your circumstances. Some insurers advertise taxi insurance from as little as £24 per month. However, such prices typically only apply if you’re insuring many vehicles as part of a fleet.
For a comprehensive taxi insurance policy, you can expect to pay anything from £600 up to £4,000 a year.
Like regular car insurance, several factors will influence what you pay for your taxi insurance. These factors include your age, the mileage you expect to cover, and the make and model of your vehicle.
A key factor that will determine the cost of your taxi insurance is also the add-ons you choose for your cover. Remember as part of your shopping around that add-ons will often be cheaper if you buy them as separate products. Think carefully about the insurance cover you need.
How to Get Cheaper Taxi Insurance
Once your details are taken, you will be shown great taxi insurance deals at the lowest possible price. However, there are also lots of things you can do that will help you to get cheaper quotes and bring down the price of your taxi cover.
What Type of Taxi Insurance Do I Need?
Having taxi insurance is a legal requirement in the UK. If you operate a taxi without a licence, you can be prosecuted under criminal law. You may also be brought to court by someone who suffers injury a car that was operating as a taxi without the necessary cover.
There are three things to consider when looking for taxi insurance. These are the type of taxi you’re driving, how many drivers you want to cover, and the more general level of cover you need.
The Type of Taxi You’re Driving
When you gain a licence to operate a taxi, it will be to conduct business as a private hire vehicle, a public hire vehicle, or both.
If you’re licenced to pick up fares on the street, you’re a public hire taxi driver and will need to insurance that covers you for this. In contrast, if you can only pick up fares as pre-booked appointments, you’re a private hire driver and will again need to ensure you have the relevant cover.
You will need to inform insurers of the type of taxi business you engage in to get the necessary level of cover. Typically, it is slightly more expensive to insure a public hire taxi compared to a private hire vehicle.
How Many Drivers You Want to Cover
Insurers will offer three taxi insurance options:
- Policy only cover tends to be the cheapest type of cover. It provides the most basic level of taxi insurance but can get more expensive if you need to add extra drivers.
- Named driver cover is like a traditional car insurance policy. With a named driver taxi insurance policy, you cover just yourself to drive your vehicle.
- Any driver cover means that anyone is insured to drive your taxi, assuming they’re a licenced taxi driver. You cannot cover your spouse, for example, to drive your taxi if they aren’t a licenced taxi driver themselves. Any driver cover can be useful for taxi firms that own a fleet of vehicles where drivers won’t always drive the same cab.
The General Level of Cover You Need
In addition to the taxi-specific elements, you will also need to choose the general level of cover you’re looking for, as you would when choosing a car insurance policy.
Due to the necessity of using your vehicle for earning a living, many taxi drivers opt for fully comprehensive cover. Fully comprehensive cover ensures they can claim and be back on the road at the earliest opportunity following any accidents.
Taxi Insurance Specifically for Your Needs
You might be looking for a specialist type of taxi insurance. There are all sorts of specific insurance types based on your needs. We may be able to connect you with insurers that offer specific types of taxi cover, including those highlighted below.
If you’re planning to become, or are already an Uber driver, a regular taxi insurance policy might not cover you. Insurance can become especially complicated if you use your car for other taxi business, or are an Uber driver with your regular car on an occasional basis. Find specific Uber insurance to ensure you have the cover you need.
Some taxi drivers opt to drive bigger vehicles so they can carry more passengers and tap into lucrative markets such as airport runs. Some others also opt to offer minibus services. If you drive a minibus, you will need specialist minibus insurance to cover you. You may find cover from a specialist insurer to be less expensive.
Taxi Fleet Insurance
If you’re running a taxi business, you may be looking to cover more than one vehicle. If this is the case, specialist taxi fleet insurance will help you to cover all your vehicles and drivers under one policy, working out cheaper and minimising administration.
Taxi Fleet Insurance
Taxi Insurance for Under 25s
Taxi insurance is typically available to over 25’s only. However, in a changing economy, increasing numbers of young people may choose to become taxi drivers. If you are a young taxi driver yourself, or the owner of a taxi company looking to employ young drivers, look for specialist cover for under 25’s.
Taxi Insurance for Under 25s
A once physio turned digital entrepreneur. Having made money in a lot of online models, I am focused on helping others achieve financial freedom, through not only making money, but saving money and investing money, so that you can live on your terms.
This content is for editorial purposes only and is not intended as advice.