Taxi insurance is required coverage for anyone who drives a taxi for profit, whether it’s a private hire vehicle like a minicab or a public hire car. Standard car insurance will not cover you. In this article, you will find out more information about tax insurance.
Taxi insurance
What is a taxi insurance?
Taxi insurance is required coverage for anyone who drives a taxi for profit, whether it’s a private hire vehicle like a minicab or a public hire car. Taxi insurance is often more expensive than standard car insurance because of the long driving hours, inner-city areas, and with customers in the vehicle.
There is both private hire and public hire taxi insurance, and the two will cost different depending on your age, location and car mileage.
Cheap taxi insurance: Compare quotes and the market
The easiest way to get cheap taxi insurance is to use one of the many online comparing services. We have listed some of the major players below:
Taxi insurance at MoneySuperMarket
MoneySavingExpert.com is a guide that provides basic information about home and contents insurance, a comparison to find the cheapest policy, how to file claims and how to file a complaint against your provider. Depending on your situation, it’s good to evaluate what type of taxi insurance is right for you.
Read more: MoneySuperMarket
What does a taxi insurance cost?
Taxi insurance cost varies depending upon multiple factors. These factors include:
- Age
- Experience
- Whether you’ve had any points removed from your licence
- Type of vehicle
- Employed or self-employed
- Type of passengers that you’re driving (i.e. if it’s school kids, etc)
- Working day or nights
- Where the vehicle is stored when not in use
It’s best to talk with a taxi insurance professional for accurate comparison, and to find the best taxi insurance for yourself. Some extra insurance that may be necessary include: public liability insurance, breakdown insurance, personal liability insurance (if you’re self-employed), among others.
Selected taxi insurance companies
Here is a list of some selected taxi insurance providers:
Taxi insurance at Aviva
Aviva, one of Britain’s largest insurance providers, offers car, home, travel, and life insurance – along with savings, investments and pensions.
Read more: Aviva
Private hire insurance brokers
Private hire taxi insurance is for private hire minicab vehicles that can only be pre-booked, and not hailed from the street.
For private hire and public hire tax insurance comparisons, read more here.
Public hire taxi insurance brokers
Public hire taxi insurance is for black cabs and other vehicles that are licensed by the council to pick up fares on the street and at taxi ranks.
For private hire and public hire tax insurance comparisons, read more here.
References
http://www.gocompare.com/taxi-insurance/frequently-asked-questions/
