Taxi
Insurance

Are you already established as a taxi driver? We can provide the perfect policy to support your business and livelihood.

Perhaps you’re just starting up or looking into becoming a taxi driver and are unsure about where to start? We can explain everything and provide you all the information required to make the right choice when it comes to insuring your new business.

Connect Insurance have been established as a major broker of competitive taxi insurance for a significant period of time, and we would love the opportunity to show you exactly why. Complete the form below, and let Connect Insurance put you on the right road.

A black cab in a London street; the angle is looking at the orange taxi sign mounted on the roof, whilst trees and buildings are visible in the background.

Connect Insurance are a specialist broker who are in the position to take care of all your insurance needs. Regardless of what type of insurance policy you require, we can more than likely tailor fit a product to meet all your insurance requirements.

Whether it’s private hire or public hire insurance; whether it’s coach insurance, minibus insurance, or even taxi fleet insurance – we can cover you. We can also provide cover for legal protection, breakdown recovery, public and employers liability, excess protection, and even a replacement vehicle in the event of a fault claim.

So why delay when you can sort it today? Compare Taxi is our portal into all things relating to taxi insurance, including product descriptions and our quotation request form. You can even take a look into our new Smartwitness camera scheme that can help save you money on your next taxi policy.

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In this article:

1) How much is Taxi Insurance?

The average price for Taxi car insurance is estimated at between £1,200 and £1,800.  This is made up from the average price for private hire taxi insurance, public hire taxi insurance and chauffeur and executive driver insurance.  Experienced taxi drivers who are the lowest risk could expect to pay as low as £700 while young and inexperienced taxi drivers could expect to pay over £3,000.

2) What type of insurance do I need to be a taxi driver?

You will require a taxi car insurance policy which allows you to use your vehicle for the carriage of passengers for hire and reward.  Your local council will require you to produce a copy of your taxi insurance certificate which shows this wording.  Public liability taxi insurance, although not a necessity to be able to work as a taxi driver, would cover you in the event of a claim while carrying out your normal working duty.

3) Can I have multiple drivers on Taxi insurance?

Yes, the majority of taxi insurance companies will allow you to add at least a second driver if not more onto your insurance policy.  If this is something that you may want to consider during the insurance year then you would need to inform your Insurance Broker when obtaining your quotation.

4) What does taxi insurance cover?

A taxi car insurance policy covers you in a similar way to a normal private car policy but also allows you to carry passengers for hire and reward.  Private hire taxi insurance allows you to transport passengers who have made pre-arranged bookings, a public hire taxi insurance (otherwise known as hackney taxi insurance) allows you to transport passengers who have been picked up by the roadside.

5) Why is taxi insurance so expensive?

Taxi insurance is more expensive than a normal private car insurance because of the nature of what the car is being used for and due to the extended hours that it is being driven rather than a family vehicle which is used minimally.

6) How does taxi insurance work?

Providing that you have obtained a taxi badge from your council and you have a vehicle that has either already been plated by your council or is ready to be then you can obtain a taxi insurance.  Your Council will need to see a copy of your taxi insurance certificate before issuing a vehicle taxi plate to you and your taxi base or taxi operator will also need to see a copy of your taxi insurance certificate before allowing you to work for them.

7) What are taxi no claims bonus rates for insurance?

No claims bonus discounts allowed by taxi insurance companies are generally the same as a private car insurance company.  Typically a 1 year no claims bonus for taxi insurance equates to 25% while 5 years no claims bonus equates to 65%

PLEASE BE AWARE THAT NOT ALL MENTIONED COVER, FEATURES AND BENEFITS ARE PROVIDED AS STANDARD; SOME MAY BE SUBJECT TO ADDITIONAL PREMIUM, OR SUBJECT TO UNDERWRITERS TERMS AND CONDITIONS. IF YOU REQUIRE ANY SPECIFIC COVER, FEATURE OR BENEFIT ON YOUR POLICY, PLEASE ADVISE DURING QUOTING AND ENSURE THAT THE COVER IS INCLUDED PRIOR TO ACCEPTING THE INSURANCE CONTRACT. CONNECT INSURANCE BROKERS LTD ACCEPT NO LIABILITY SHOULD YOU REQUIRE A FEATURE OF COVER DURING THE POLICY DURATION THAT HAS BEEN OMITTED AS A RESULT OF YOUR FAILURE TO SPECIFY IT’S NECESSITY PRIOR TO INCEPTION.

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