With over 35 years’ experience in the taxi insurance market, we have access to many leading taxi insurers. Our sales team work hard to get the most competitive premiums available for our clients
Do I need taxi insurance?
Anyone who drives a taxi for profit, whether it’s a private hire vehicle like a minicab or a public hire car such as a black hackney carriage, will need specific taxi insurance. Standard car insurance won’t cover you, even if it includes cover for business use.
What’s the difference between private hire and public hire insurance?
- Private hire vehicles are minicab-type vehicles that can only be pre-booked and can’t be hailed at a taxi rank or on the street.
- Public hire vehicles are black cabs, hackney carriages and other vehicles that are licensed by the council to pick up fares on the street and at taxi ranks.
- These two categories have different levels of risk involved, but how much you pay for your policy is more likely to depend on factors like your age, location and annual mileage.
Can I use my no-claims bonus (NCB)?
Many insurers will offer discounts for longer no claims histories. You won’t be able to transfer a no-claims bonus that’s in use on another vehicle, but some insurers may offer a discount for a clean driving history.
Can I insure large taxis such as MPVs and minibuses?
Yes – you can specify your vehicle type and the number of seats it has during the quote process. Make sure you stick to the maximum passenger number specified in your policy or you risk invalidating your cover.
Do I need public liability insurance?
To protect yourself and your customers, you’re likely to need public liability insurance. This may be included as an element of your taxi insurance policy, but it’s important to check this – if it isn’t, you might need to buy this as an add-on or as a separate policy.
Can I insure my taxi for personal use?
If you want to use your taxi when you’re not working you need to check your insurance covers personal as well as business use.
Can my partner or other family members drive my taxi?
Although you may be able to add a partner or child to your insurance policy as a named driver, you’ll also need to make sure your local authority allows unregistered drivers to be on the roads in a registered taxi.
Taxi camera policy – how can I keep my premiums low?
As with standard car insurance, driving with care and building up a no-claims history will help you find cheaper deals.
Some insurers will also discount for effective security measures, including those only normally found on taxis, such as CCTV cameras. Here at Milestone Insurance, we have partnered with the UK’s leading vehicle CCTV companies. From single to dual cameras, we work with insurers who understand how this technology can benefit taxi drivers, helping you reduce your premiums and prevent fraudulent claims.
You can also visit our technology page for more information on the benefits of in-vehicle technology.