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Taxi Insurance

Compare taxi insurance quotes today

  • For private hire or hackney licence holders

  • You could save by shopping smart

Why should I compare taxi insurance?

Taxi insurance can be more expensive than car insurance because of the higher risks involved. Some of these risks often include driving more at night and carrying passengers. By comparing quotes from multiple providers in one place, you can choose a policy that suits your needs and budget.

Why do I need taxi insurance?

Any vehicle on the road needs to have appropriate insurance, and taxis are no different. Taxi insurance is designed to cover the additional risk you might face as a taxi driver. It helps to protect your livelihood and can stop you from losing money in the event of a claim.

Whether you're a full-time taxi driver or a part-time Uber driver, you'll need taxi insurance to cover yourself, your vehicle and your passengers against potential claims.

What types of taxi insurance are available?

The kind of policy you choose depends on what kind of taxi business you're involved in. We can help you compare quotes for both public hire and private hire Insurance. However, note that we don't compare short-term taxi insurance or taxi fleet insurance.

Private hire taxis make up the majority of taxis on the road. Private hire vehicles (PHV) must be pre-booked and cannot pick up passengers from the street or taxi rank. If you drive a PHV or minicab you'll need a private hire insurance policy. If you drive for Uber then you'll more than likely need a private hire policy.

Public hire vehicles are sometimes known as hackney carriages. These are traditional taxis, epitomised by the London black cab. They can pick up passengers from the street or wait at taxi ranks. You'll need public hire taxi insurance if you drive one of these.

Why is taxi insurance likely to be more expensive?

Taxi drivers spend more time on the road at peak and sometimes unsociable times across busy urban areas. It's also no surprise that taxi drivers will cover more miles annually than many other drivers.

All of this increases the chance of being involved in an accident and can therefore increase the cost of your insurance.

The size of your vehicle can also affect your insurance. Larger vehicles such as estates, multi-purpose vehicles and minibuses are often used as taxis. These vehicles are able to fit more passengers and luggage than other cars, but they also tend to be more expensive to insure

How can I get cheaper taxi insurance?

Taxi insurance can be expensive, but there are things you can do to try to keep costs down like:

• Drive safely
• Pick the right vehicle
• Improve your security
• Shop around

Pick the right vehicle as generally, the less powerful your car is, the less it should cost to insure. If you're about to buy a car to use as a taxi, check the likely insurance costs before buying

Improve your security to make it harder to steal your car and increase your chances of lowering your costs. Investing in extra security measures like immobilisers can pay off in the long run.

Drive safely to keep a clean driving history. If you have a history of claim-free driving, this will count in your favour when it comes to taxi insurance costs. Some insurers may count no-claims bonus earnt on private insurance towards taxi insurance policies. Claims or convictions on your licence can increase the cost of your insurance.

Shop around for different providers and compare quotes to find the cheapest or most suitable deal.

Compare taxi insurance quotes

What else should I consider when buying taxi insurance?

When choosing a taxi insurance policy, think about whether it puts any limits on you – or your family's – ability to use your car when you're not working.

Accurately declare your personal mileage, which is the number of miles you cover whilst your car is not being used as a taxi.

Some policy add-ons worth considering are:

Breakdown cover can offer assistance, so your car isn't left on the side of the road if you breakdown. This may be included with your policy, or you may have to pay for it separately.

Windscreen cover can help ensure your taxi isn't kept out of action for longer than necessary.

Legal expenses cover can help cover bills in the event of legal action from other road users.

Do I need public liability insurance?

Public liability insurance can help to cover you against any claims brought by your passengers. Some policies will include this as standard, whereas others will offer it for an additional cost. Remember to check, and if you’re not sure contact your insurer.

Who can drive the insured taxi?

You can add multiple taxi drivers to the same taxi policy. Just remember, the main driver should be the person who drives the taxi the most. Adding named drivers can increase or decrease the cost of your insurance depending on the driver and their driving history.

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Taxi insurance is arranged and administered by i-Wonder Aggregator Services Limited who are an appointed representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486) and which is permitted to advise on and arrange general insurance contracts. Copyright © 2022. Registered address, Head Office: i-Wonder, 3 Warren Farm Barns, Micheldever SO213FL . Registered in England No 6742731. I-Wonder Confused.com is an intermediary and receives commission, which is a flat rate fee from i-Wonder if you decide to buy through their website.