If you intend to carry passengers for hire or reward, taxi insurance is legally required in the UK. (You also need a taxi licensed by your area’s authority.)
Taxi insurance is divided into public hire insurance and private hire insurance. Public hire is required if your licence allows you to take passengers off the street without prior booking. Private hire would be fine if you’re only ever pre-booked.
This Insurance comparison tool is provided for your use by SEOPA. Insuro.co.uk and SEO 24/7 are not responsible for the contents of the comparison you receive.
Some taxi firms will organise taxi insurance for all their drivers. This takes advantage of bulk ordering to reduce the costs. If you’re an independent driver or if your firm makes drivers responsible for their cars, this option may not be open to you.
Most taxi insurance follows the same cover structure as standard UK car insurance. This means your usual choices would be:
Third party insurance covers you only against damage or injury to someone else. Yes, this includes your passengers!
With third party, fire & theft, you’re also covered if your car is damaged by fire or stolen.
Comprehensive cover insures your taxi against all damage, theft, and third-party liability.
What level of cover you prefer depends on your priorities and budget. Getting the best deal for the cover you need takes time.
Once, the hardest part of finding a great taxi insurance quote was the legwork you had to do to get them all together. Now, online comparison forms like the one above make it quick and simple to gather quotes tailored to you.
Keeping your priorities in mind, you should quickly pick out quotes that don’t provide the cover you need or aren’t suitable for some other reason. You can discard these, creating a shortlist of useful quotes.
Check these more carefully. Committing to an insurance policy you’re not happy with could be a mistake. Getting the best you can find is much more likely to pay dividends.