Taxi fleet insurance for private and public hire operators
Taxi fleet insurance from a panel of trusted UK insurers
A new way to insure your taxi fleet
Running a taxi or private hire fleet means managing licensing requirements, multiple drivers, and vehicles that need to stay on the road to generate revenue. A taxi fleet policy brings all of that together under one plan — one renewal date, one point of contact, and one set of documents instead of managing individual policies for every vehicle.
With over 50 years of experience arranging insurance for taxi operators across the UK, insurd works with a panel of leading UK insurers to find the right policy for your fleet — whether you run two vehicles or two hundred.
Just have one vehicle you are looking to insure? Take a look at our taxi insurance policies.
24/7 claims service
We’re here for you round the clock when you need us most.
Fairer prices for all
As a specialist insurance broker, we search our panel of leading UK insurers to find the right fleet policy for your taxi business.
World-class support
You’ll get your own UK-based human to look after you for the duration of your policy.
We use a combination of technology and a wealth of experience to give you unrivalled cover and more affordable taxi fleet insurance prices. Get a fleet insurance quote today.
What does taxi fleet insurance cover?
Third party only — The legal minimum for any vehicle operating on UK roads. Covers injury or damage caused to third parties by your drivers but does not protect your own vehicles.
Third party, fire and theft — Extends basic cover to include damage to your vehicles caused by fire or theft. Suitable for lower-value delivery fleets where repair costs are manageable.
Comprehensive — The highest level of cover and strongly recommended for commercial courier fleets. Covers accidental damage to your vehicles, third-party claims, fire, and theft — keeping your fleet operational and your deliveries moving when incidents occur.
Hire and reward cover — All vehicles on a courier fleet policy must include carriage of goods for hire and reward cover, which is the legal requirement for transporting third-party goods in exchange for payment. Without hire and reward cover, your drivers are not legally covered while making deliveries — regardless of the vehicle or the delivery platform they work for.
Goods in transit — Courier fleet insurance covers your vehicles but not the goods inside them. Goods in transit cover is a separate but essential policy for courier businesses, protecting against loss, theft, or damage to goods during delivery. We can arrange both policies together — speak to our team for a combined quote.
What is taxi fleet insurance?
Taxi fleet insurance is a specialist policy designed for operators who run two or more licensed taxi or private hire vehicles. Rather than arranging individual policies for each vehicle — each with its own renewal date, premium, and insurer — a fleet policy consolidates everything under one arrangement, significantly reducing the administrative burden on your business.
To qualify for taxi fleet insurance, all vehicles must be properly licensed by the relevant local licensing authority and all drivers must hold the appropriate public or private hire licence. Read our guide on fleet insurance requirements for a full breakdown of what’s required.
For taxi fleets with multiple drivers, you have two options:
Any driver policy — Any licensed driver can operate any vehicle in your fleet. This offers maximum operational flexibility — ideal for taxi businesses with shift patterns, high driver turnover, or vehicles that aren’t assigned to a single driver. Any driver policies typically carry a higher premium to reflect the broader risk.
Named driver policy — Each vehicle is assigned to specific named drivers. This is usually more cost-effective, particularly for smaller fleets or owner-operators where the same driver consistently uses the same vehicle. It also allows you to build a claims record against individual drivers, which can help manage costs over time.
Why manage your taxi fleet insurance with us?
Fleet performance insights
Access risk management tools tailored for taxi operations. Tools to help you monitor safety, reduce accidents, and lower premiums for your taxi fleet.
Online policy management
Manage your taxi vehicles and drivers 24/7. Benefit from instant cover and rapid claims handling to keep your taxis on the road.
Dedicated support
Get a dedicated account manager who oversees incident reviews, supports claims, and helps reduce risks associated with operating a taxi fleet.
Reduced administration
Cover all your taxi vehicles under a single policy. One renewal date and one point of contact make insurance management straightforward.
* Subject to your chosen level of policy cover and the prevailing policy excess.
How much does taxi fleet insurance cost?
Several factors can influence the cost of a taxi fleet insurance policy:
Type of cover
Third party only, third party fire and theft, and comprehensive are the three available levels. The right choice depends on your fleet’s value and risk exposure.
Size of the fleet
Larger fleets typically attract a lower premium per vehicle. The cost advantage of fleet insurance increases as your operation grows.
Licensing authority and area
Urban areas and cities carry higher premiums due to greater traffic density and theft risk. Your licensing authority type — public hire, private hire, or both — also affects your premium.
Driver details
Your drivers’ ages, experience, and licence records are among the most significant cost factors. Experienced drivers with clean licences will attract substantially lower premiums.
Claims history
Your fleet’s claims record is the most influential long-term cost driver. Frequent or high-value claims will materially increase your renewal premium.
Security and storage
Vehicles stored in a secured compound with alarms, immobilisers, and GPS trackers attract lower rates than those parked on public roads overnight.
How to reduce your taxi fleet insurance premium
Beyond the factors above, several practical steps can meaningfully reduce your taxi fleet insurance costs.
- Invest in driver training — Formally trained drivers generate fewer claims and many insurers will directly discount your premium in recognition.
- Install telematics — Fleet telematics data demonstrates responsible driving and supports your case for lower premiums at renewal.
- Run regular licence checks — DVLA checks on all drivers ensure no undeclared points or convictions are exposing you to uninsured risk.
- Use named driver cover where possible — Restricting cover to named drivers rather than any driver reduces your risk profile and your premium.
- Manage claims actively — Reporting incidents promptly and controlling repair costs protects your fleet’s claims history — your most valuable long-term cost reduction asset.
Taxi fleet insurance frequently asked questions
What is taxi fleet insurance and why do I need it?
Taxi fleet insurance covers multiple vehicles under a single policy, making it simpler and usually more cost-effective than insuring each vehicle separately. It gives you one renewal date, one point of contact, and one set of documents — saving you significant time and administration. If your business relies on vehicles, fleet insurance is an essential protection.
How many vehicles do I need for taxi fleet insurance?
Taxi fleet insurance is available for businesses with two or more vehicles, and there's no upper limit on fleet size. Whether you have two vehicles or two hundred, we can arrange a policy to suit you.
Can I include both private hire and public hire taxis on the same fleet policy?
Yes — a taxi fleet policy can cover a mixed fleet of private hire and public hire vehicles under a single policy. This is particularly useful for operators who run both types of service, removing the need to manage separate policies for each licence type.
Does a taxi fleet policy cover vehicles while they're waiting for fares?
Yes — your vehicles are covered whether they're on a job, waiting at a rank, or between trips. The policy is designed around the realities of taxi operations, including periods when vehicles are stationary but available for hire.
Do all drivers on my taxi fleet need to hold a private or public hire licence?
Yes — all drivers operating vehicles on your taxi fleet policy must hold the appropriate licence for the type of work they're carrying out, issued by the relevant licensing authority. Unlicensed drivers operating under a taxi fleet policy would not be covered.
What's the difference between any driver and named driver fleet cover?
With an any driver policy, any driver can operate any vehicle in your fleet — offering maximum flexibility but usually at a higher premium. A named driver policy assigns specific drivers to specific vehicles, which is typically more cost-effective, particularly for smaller fleets where drivers consistently use the same vehicles. Our team can help you decide which suits your business best.
Who actually underwrites my policy?
We're a broker, which means we arrange cover on your behalf with a handpicked panel of trusted insurers. You'll see exactly who's underwriting your policy before you commit to buying.
Why can I trust insurd?
We've been arranging insurance for over 50 years — now trading as insurd — and we're authorised and regulated by the Financial Conduct Authority (Firm Register Number: 308508), and over a thousand real customers have shared their experiences with us on Trustpilot.
You can verify our status directly on the FCA register.
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