Pay Per Mile Taxi Insurance
This incredible new scheme provides an exclusive mileage-based policy that can help you take control of the cost of your insurance.
The policy has a base cost which includes a limited number of miles allowance per month; anything you use outside of your allowance you pay for “per mile”. The less you drive your taxi, the less your insurance costs so if you have a slow month at work and earn less income then your monthly installment will be lower too.
The policy is available to both private hire and public hire taxi drivers.
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.
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.
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%