Given the extensive time taxis spend on the road, they require a specialised insurance policy, as their operation differs significantly from standard motor vehicles. Taxis typically cover higher mileage, often in congested urban areas, leading to increased wear and tear and a greater risk of accidents. Additionally, there are liability risks associated with transporting passengers.
In the UK, taxis are a vital part of daily life. Regarding insurance, they are broadly categorized as follows:
- Private Hire: These taxis do not display a “Taxi” sign and must be pre-booked.
- Public Hire (including Black Cabs): These taxis must display a “Taxi” sign and can be hailed in public.
- Minicab/Minibus Taxi: These taxis have more than five standard seats.
- Taxi Fleet: This coverage is ideal for individuals or businesses owning multiple taxis.
Will I be able to get immediate taxi insurance coverage?
After you submit your details, we will forward them to our panel of expert insurers. They will review your information and provide the best possible quote. Once you receive the quote, you can secure your insurance coverage immediately by paying via direct debit, credit card, or debit card.
How to Get Cheaper Taxi Insurance
To secure the most affordable taxi insurance, consider the following tips:
- Shop Around: Compare quotes from multiple providers to find the best rate.
- Increase Voluntary Excess: Opt for a higher voluntary excess if you can afford it, as this can lower your premium.
- Enhance Vehicle Security: Install insurer-approved security devices to reduce risk.
- Build a No-Claims Discount: Avoid making small claims to accumulate a no-claims discount over time.
- Assess Your Coverage Needs: Choose only the coverage you need and avoid paying for unnecessary extras.
- Maintain a Clean Driving Record: Keep your driving record clean to prevent higher premiums.
By following these steps, you can reduce your insurance costs without compromising on essential coverage.
What Different Types of Taxi Insurance Are Available?
There are various types of taxi insurance available, including:
| Insurance Type | Description |
| Mini Cab Insurance | Insurance for Mini Cabs |
| Private Hire Insurance | Insurance for Private Hire Vehicles |
| Public Hire Insurance | Insurance for Public Hire Vehicles |
| Black Cab Insurance | Insurance specifically for Black Cabs. |
| Mini Bus Insurance | Insurance for Minibuses used as Taxis. |
| Taxi Fleet Insurance | Insurance for businesses owning multiple taxis. |