Compare Taxi Insurance with Quotezone
If you are a taxi driver or run a taxi firm, it’s important to find
the best type of insurance to suit your needs and protect you against
all eventualities. Depending on the insurer, there are a number of cover
options to consider when looking for the best deal such as personal
accident or public liability cover, as well as legal protection for the
driver. Therefore, it could be ideal to compare taxi insurance from a
number of insurance providers to find a cheap taxi insurance policy to
suit you.
Finding cheap taxi insurance could be made quick and easy with Quotezone
Whether you drive a saloon, black cab or MPV, we could compare taxi
quotes that could save you money. Our panel of UK taxi insurance
providers can cater for both private hire insurance or public hire
insurance to ensure you get the appropriate level of cover.
How does it work?
Simply fill out one short form and we’ll attempt to match you with a
member of our insurance provider panel - all you have to do is sit back
and wait for their call, when you can then discuss a tailored taxi
insurance quote to suit your individual circumstances.
Why not try Quotezone to compare taxi quotes?
Take advantage of an impartial taxi comparison – insuring your taxi
cab may cost a lot less than you think. Whether you are a cab driver, or
a taxi fleet owner, our panel of taxi insurance providers may be able
to offer you a great price. Finding black cab, saloon or MPV insurance
doesn’t have to be hard work.
For your peace of mind, we are based in the UK and are authorised and
regulated by the Financial Conduct Authority for insurance mediation.
End your insurance search here and use Quotezone to compare taxi
policies from our panel of UK insurance providers and you could get a
great deal on your taxi insurance.
Compare cheap taxi prices and start saving today!
Taxi Insurance Guide
Taxi drivers tend to drive long hours and long distances, often at
night, and often in inner-city areas. As a result insurance companies
could consider this a high-risk kind of driving, and premiums may be
adjusted accordingly. The higher cost of UK taxi insurance versus
standard car insurance, combined with the importance of having good
coverage, could mean it is essential for drivers to take the time to
compare taxi insurance thoroughly and find a policy that works for them.
Private Versus Public Taxi Insurance
Public taxis are those which could be hailed on the street and don't
necessarily need to be booked in advance. These taxis are much more
likely to spend significant amounts of time on busy streets in
inner-city areas. As a result they may be considered higher risk, and
premiums could be higher.
Taxis that are used exclusively for customers who book their journeys
in advance are classed as private taxis. Taxi insurance companies could
consider these cars lower risk than public taxis, which may mean they
have lower premiums. When getting quotes, taxi drivers must be careful
to disclose which kind of taxi they drive, as it could significantly
affect the premium quotes they receive.
Levels of Coverage
Taxi insurance provides three levels of coverage, just as standard
car insurance does: third party, third party, fire and theft, and
comprehensive cover. Comprehensive insurance provides the most
protection, but is typically the most expensive. Third party insurance
may be described as the minimum required by UK law.
Taxi drivers could also choose between a named or an all-driver
policy. A named policy may be suitable for an individual driver who only
needs insurance for themselves and their own vehicle; an all-driver
policy is typically more suitable for a fleet.
An increasingly-popular option is telematics, or black box policies,
which use a black box device to monitor driving habits and adjust
premiums accordingly.
Special Coverage and Optional Extras
Taxi drivers could choose to include some optional coverage levels in their policies.
- Windscreen coverage may be included with some policies, but could also be added as an optional extra.
- Breakdown assistance may provide help when the taxi breaks down.
- Onward transfer insurance may provide transportation for passengers who are in the taxi when it breaks down.
- Home start assistance could be provided when the taxi is at the driver's home when it breaks down or won't start.
- Public liability may be important because the taxi is classed as a place of work, and the driver is responsible for their passengers.
- Legal assistance might provide coverage for legal expenses if
the taxi driver is in an accident and must take legal action to claim
compensation from a third party.
- Taxi modifications could influence premium prices, but some—such as wheelchair access—are required or important for the job.
- Loss of license may be a policy addon that provides
compensation to a taxi driver if they lose their license. These addons
tend to have many exclusions so the terms should be read and noted
carefully.
- Personal use could cover a taxi driver's use of the taxi for
personal transportation. This isn't standard with taxi insurance, but
may be added to the policy. If the local authority allows it, a partner
or other named person could also be added.
Insurance Groups
Insurance groups may come into play when insurance companies
calculate taxi insurance premiums. There are 50 car groups, and the
higher the group a car is in, the higher the base premium for that car
will be. Categorisation may be based on factors such as car value,
performance, and power.
Comparing Taxi Insurance Policies
Making a thorough comparison of taxi insurance could be essential for
drivers, in particular because this kind of insurance could be
expensive, and it's therefore important for drivers to ensure they're
getting the coverage they need for the money they spend. Drivers could
easily compare taxi insurance online to find the policies that suit
their needs, and obtain quotes from individual insurers.
- Inclusions and exclusions often differ between various taxi
insurers, so it might be important to check each insurance policy
thoroughly and compare what's covered and what isn't covered.
- The age of the driver and how long they've had their license both
come into play with premium calculations, but different insurers may
differ in how influential these factors are. For example, while many
policies have a minimum age of 25 for a driver to qualify, this minimum
may be lower for some insurers.
- Some policies may restrict hours per day or annual mileage.
- Some policies may regional, and exclude certain areas or cities.
How to Minimise the Cost of Taxi Insurance
While it could be difficult to find truly cheap taxi insurance, it
might be possible for taxi drivers to reduce their premiums
significantly by choosing their policy structure carefully, and by
making choices that improve their level of risk.
- Many taxi insurers could allow a driver to transfer their
personal no-claims discount to their taxi insurance, meaning they may be
able to take advantage of lower premiums from the start of their
policy. If this isn't possible, maintaining a good driving record with
no accidents might allow a driver to earn a no-claims discount in the
future.
- The area in which a taxi operates could significantly influence
premium costs, as crime and accident rates—which vary by region—are
taken into account when premiums are calculated.
- Taxi security might help bring premiums down. An alarm and
mechanical immobilising device could improve security and reduce
premiums, as could having designated off-road parking when the car isn't
in use.
- Another useful security measure might be CCTV installed in the taxi,
which operates when the vehicle is carrying passengers. This could help
reduce premiums, and also may provide some personal protection for the
taxi driver.