Taxi insurance is a legal requirement if you drive a taxi for a living. It’s designed to protect you, your car and your customers when you’re driving a car that’s being used for commercial hire. You’ll need a full taxi license in order to apply for a policy.
Insuring a taxi tends to be more expensive than insuring a car as you’re likely to cover more miles each year, which increases your risk of being involved in an accident. You also carry passengers, which increases the likelihood of personal injury claims being made against you.
And because you carry passengers it’s likely that you drive a bigger car, which can often fall into a higher car insurance group. The higher the car insurance group your car is in, the higher your premium is likely to be.
Taxi insurance offers the same three levels of cover as a standard car insurance policy:
Ideally, taxi insurance should include public liability insurance. This could cover any legal or compensation claims from a passenger who is injured or their property is damaged while in your taxi.
Public hire insurance can cover you if your taxi is available to pre-book and can be stopped on the street. Public hire taxis are usually company owned and will display a taxi sign on top of the vehicle.
Private hire insurance can cover you if you drive a taxi that must be pre-booked and can’t be hailed in the street.
You could cut the cost of taxi insurance by:
Comparing with us could be the best way to get a cheaper deal. We’ll show you some great deals from some of the UK’s most trusted taxi insurance providers. We can help you find the right deal for you by comparing policies based on price, policy cover level, add-ons or annual or monthly payment terms.