Cheaper, simpler taxi insurance
A better way to insure your taxi or minicab
We use a combination of technology and taxi insurance knowledge to give you incredible cover at affordable prices.
At insurd, we have over 50 years of experience and are backed by some of the largest, most trusted insurers, so you know you can trust the protection of your policy.
Whether you need public or private hire insurance, do a bit of food delivery on the side or want some of the lowest monthly rates on the market, let us quote you today.
Own or run more than two taxi vehicles? Take a look at our taxi fleet insurance policies.
24/7 claims service
We’re here for you round the clock
when you need us most.
Fairer prices for all
We’ve been around for over 50
years, so you know you’ll get a
better deal.
World-class support
You’ll get your own human to look
after you for the duration of your
policy.
What’s more, we don’t insist on installing telematics devices, black boxes, or dashcams. We prefer to get to know you, ensure we can deliver what you need, and find you the lowest price.
Your taxi insurance cover at a glance
Damage to your taxi
Covered for the costs of repairs
if your taxi is damaged in an accident*.
Bad things can happen
Damage due to bad weather, fire
or vandalism are all covered as standard*.
Broken windscreens
All the glass in your taxi is covered.
You won’t lose your No Claims Discount*.
If you damage something
Your cover will pay for any damage to
property or injuries caused by you.
Theft
If your taxi is stolen, it’ll either be
replaced or you’ll be paid the market value.
* Subject to your chosen level of policy cover and the prevailing policy excess.
What is taxi insurance?
Taxi insurance is a specialised form of cover designed for vehicles used to transport passengers for hire. It provides financial protection against risks associated with carrying paying passengers, ensuring both the driver and passengers are safeguarded in the event of accidents or unforeseen incidents.
Any individual or business operating a vehicle to transport passengers in exchange for payment is legally required to have taxi insurance. This includes drivers of both public hire vehicles, such as traditional black cabs that can be hailed on the street, and private hire vehicles, like minicabs or those affiliated with ride-hailing apps, which must be pre-booked by passengers.
Types of cover
Taxi insurance policies typically offer various levels of cover:
- Third Party: This is the minimum legal requirement, covering liability for injuries to others and damage to third-party property.
- Third Party, Fire and Theft: In addition to third-party cover, this includes protection against fire damage and theft of the insured vehicle.
- Comprehensive: Offers the highest level of, encompassing all the benefits of Third Party, Fire and Theft along with cover for accidental or malicious damage to the driver’s own vehicle.
Private hire or public hire insurance?
The type of taxi insurance required depends on the nature of your services:
- Public Hire Insurance: Designed for vehicles that can be hailed directly by passengers on the street or at taxi ranks without prior booking. Drivers of these vehicles need insurance that covers the unique risks associated with immediate passenger pickups.
- Private Hire Insurance: Tailored for vehicles that operate on a pre-booked basis only, such as minicabs or cars used through ride-hailing platforms like Uber. This insurance covers drivers who are not permitted to pick up passengers without a prior booking.
Both types of insurance typically include “hire and reward” cover, allowing drivers to legally transport passengers in exchange for payment.
Taxi operators must obtain the appropriate insurance for their specific services to ensure compliance with legal requirements and to protect against potential liabilities.
How much does taxi insurance cost?
Taxi insurance typically costs more than standard motor insurance due to additional risks involved with taxi driving. Several factors can influence the cost of a taxi insurance policy:
Usage and mileage
Higher usage and mileage increase the risk of accidents, which can lead to higher premiums. Providing accurate mileage estimates and typical usage patterns helps insurers adjust cover to better suit your needs.
Value of the vehicle
A more expensive taxi or private hire vehicle incurs higher premiums due to higher repair or replacement costs. Insurers factor in the vehicle’s market value and any modifications when determining premiums.
Location
Operating in high-crime or accident-prone areas typically results in higher premiums. Insurers assess local traffic conditions, crime rates, and accident history to evaluate risk and set rates accordingly.
Type of taxi
The type of taxi, such as a black cab or a wheelchair-accessible vehicle, affects premiums. Factors like passenger capacity, vehicle size, and usage patterns are taken into account to calculate rates.
Driving record
A clean driving record generally results in lower premiums, while a history of accidents or driving violations can increase costs. Insurers use your driving history to predict the likelihood of future claims.
Storage and security
Where you store your taxi and the security measures in place can influence premiums. Parking in a secure location or installing anti-theft devices can lower costs, with discounts for immobilisers, alarms, or trackers.
Additionally, a higher excess lowers premiums but increases out-of-pocket costs during a claim, while a lower excess does the opposite. Additional cover options raise costs but provide extra protection, so assess your risk and financial situation to make the right choice.
Power up your cover with a host of optional extras
Guaranteed plated vehicle
Motor legal protection
RAC breakdown assistance
Your taxi is your livelihood and we know that you need complete peace of mind.
So whilst our policies already give extraordinary levels of cover as standard, we’ve got a host of extras to power up your cover. The choice is yours.
Some regular questions about taxi insurance
Can I use my private hire vehicle for social use?
Yes, you can. All of our policies include social, domestic and pleasure use as standard.
Am I covered for food delivery?
If you’re delivering food, as long as you tell us, we can arrange for this to be included in your cover.
Can I pay for my taxi insurance monthly?
Yes. We offer some of the lowest monthly rates on the market and can set up your monthly instalment plan in minutes.
Can I insure my taxi for a month?
Yes you can. As long as you’re licensed for private hire and subject to our usual acceptability criteria, you can insure your taxi or minicab for 30 days.
Why do I need public liability cover?
Your taxi insurance policy automatically covers you for damage to other people’s property or if you injure someone while driving your taxi. However, especially for local authority or school contracts, you’re still responsible for your fare until they actually reach their destination and public liability insurance will cover you if you’re sued for damages.
Do you cover new taxi drivers?
Yes, of course. Provided you’re over 23 years of age we can offer competitive prices for new taxi drivers.
Does my taxi insurance cover me to drive other vehicles?
Nope. You’ll only be covered to drive the vehicle that is described on your Certificate of Motor Insurance. If you do need to drive other vehicles, speak to us as you might need a different kind of policy.