Taxi Insurance FAQs

New to taxi driving? Here are some of our frequently asked questions that can help you understand more about taxi insurance. If you need any further assistance, please do not hesitate to contact a member of our team.

What is Taxi Insurance?

Here in the UK, it is a legal requirement to hold a minimum level of insurance so that you can use your vehicle on a public highway. This type of insurance is commonly referred to as private car insurance. If you are going to use your vehicle for hire to carry passengers, you will need to be licensed by your local authority and will also need to purchase taxi insurance.

Taxi insurance can also be often referred to as Private Hire insurance, Public Hire insurance, Hire & Reward insurance, Minicab insurance, or Black Cab insurance.

Why is Taxi Insurance so important?

Insuring your vehicle is a legal requirement if you want to drive it on the road. Therefore taxi insurance is important if you want to run your taxi business. Taxis are at a higher risk of accidents than other vehicles as they tend to drive more in built-up areas and also carry more passengers. Therefore, it is important that you find the right taxi insurance policy to suit you and your business.

What is the difference between Private Hire Taxi Insurance and Public Hire Taxi Insurance?

  • Private Hire Insurance is what is commonly referred to as minicab insurance. Any pre-booked appointments are usually made at a minicab office or base.
  • Public Hire Insurance is for taxis that offer an immediate pick up. Taxis that need this type of insurance can be flagged down in the street and the taxis will always have a taxi light on the roof of the vehicle.

What types of Taxi Insurance do XYZ offer?

Here at XYZ, we have a wide range of specialist taxi insurance schemes to help insure your vehicle. Whether you are a first time taxi driver, an under 25 taxi driver, or run a taxi fleet, we have tailor made schemes to suit your needs. We also provide tailored insurance schemes for both public hire and private hire taxis.

Depending on your type of business we also have a wide range of other insurances that could suit your business including minibus insurance, chauffeur insurance and limousine insurance.

What does Taxi Insurance cover?

At XYZ, we are able to offer you the following taxi insurance cover for you to choose from:

  • Full Comprehensive
  • Third Party Fire & Theft
  • or Third Party Only

Can I get a Taxi Insurance quote online?

Yes, you can. Here at XYZ, we have an easy online form that you can complete to get a competitive taxi insurance quote . All you need to do is fill out your personal information and vehicle details, and we will get back to you with an instant taxi insurance quote.

If you would prefer talking to a member of our team instead, you can easily call our customer service representatives on 01268 916 916.

Can I use my existing vehicle as a taxi?

Typical vehicles that are used for taxis are saloons, estates, and multi-purpose vehicles (MPVs). These types of vehicles are used for their size and ease of entry/exit for backseat passengers. However, it would be up to your licensing authority to establish whether or not they will agree to plate your vehicle as a licensed taxi.

Can I insure large taxis/fleet of taxis?

Yes. We have a wide range of specialist taxi insurance schemes, which can include fleet taxi insurance. Alternatively, there is also minibus insurance available for larger taxi companies.

Will my Taxi Insurance be expensive if I have not had a taxi badge for long/do not have any Taxi No Claim Bonus?

At XYZ Insurance, we have specialist schemes available for taxi drivers who do not have any taxi no claim bonus. If you have a no claim bonus on a private car, we will take this into account and apply a discount so that we can offer you a competitive quotation. We also have heavy discount schemes available for taxi drivers who have been driving a rental taxi or have been on someone else’s policy, if they have proof of this.

We are aware that everyone must start somewhere, so we have competitive schemes available for new badge holders.

Can I add my wife/husband to the policy for social use?

Yes. If it is acceptable to your local authority, then it is no problem.

Can I add another taxi driver to my policy?

Yes you can. Although this may increase the amount that you will pay for your taxi insurance.

Are there any add ons or extras that may be beneficial to me as a taxi driver?

Our company understands that many people make a living as a taxi driver, and that without their vehicle, they cannot work. Therefore we will supply you with a plated courtesy vehicle so that you can continue working in the event of a non fault claim. For an extra premium we can also guarantee you a plated courtesy vehicle for 14 days in the event of a fault claim. We can also supply you with taxi breakdown and public liability insurance at competitive premiums too.

What are the benefits of taking a policy with XYZ Insurance?

There are many advantages that come with taking a policy with us:

  • We have UK based call centres where we have an excellent claims team who are there to help with any insurance enquiries that you may have.
  • We are also open 6 days a week and our helpful and polite customer care staff are always here to help you.
  • Depending on your needs, we can provide you with immediate cover and can also provide you with flexible payment options too.