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Compare cheap taxi insurance quotes and get £4 cashback on top*

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Compare a range of top providers to get a taxi insurance quote

1
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Enter your details (takes a couple of minutes). We’ll do the hard work, finding the quotes and prices suited to you.

2
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Compare the prices from the car insurance providers you can trust, including Admiral, AA and Hastings Direct.

3
Get paid

Once you’ve chosen the car insurance for you, sit back and wait for your cashback to roll in. It’ll take under 90 days.

Why get a taxi insurance quote here?

Not only can you save on your car insurance as you can with other comparison sites, but you’ll also make cashback on top. This way, you can make money while you save money.

Do you need taxi insurance?

Whether you drive a black cab, an MPV, or anything in between, if you transport people commercially, you’ll need to have a taxi license – and taxi insurance to go with it. In 2021, cabs come in all shapes and sizes, and so do the insurance policies to go with them.

Simply put, if you drive a vehicle to carry passengers for a fare (either contracted or metered) then you’ll need a commercial taxi insurance policy. It’s a legal requirement in the UK and comes in two forms.

Keep reading to learn everything you need to know about taxi insurance, from what type of cover you’ll require to how premiums are calculated, and how you can keep them a bit cheaper.

Types of taxi insurance

There are two types of taxi insurance, and the one you need will depend on the way you interact with customers.

Public hire insurance

If you pick people up from the street without a prearranged booking, you’ll need public hire insurance. Simply put, it means any member of the public can hire your commercial service.

This type of insurance is required by those operating black cabs.

Private hire insurance

In contrast, private hire insurance is required when your pick-ups are prearranged; i.e you know the person and the place you’re picking them up has also been arranged in advance. This type of insurance is required by everything from airport pickup services, to pre-arranged minicabs for nights out.

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Our expert says

If you pick people up and charge them for it – either with a meter or through a pre-arranged booking – you’ll need taxi insurance. Because of the number of miles involved and the hours you drive, it’ll tend to be more expensive than normal insurance – but there are ways of making your payments cheaper." - Curtis Moldrich - Automotive Journalist 

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How much is taxi insurance?

Taxi insurance tends to be more expensive than standard insurance due to the more challenging requirements of the job. Taxi drivers will often find themselves covering more miles at busier hours and on less familiar roads: all of these things generate increased risk and therefore higher premiums.

As you’d expect, taxi insurance quotes are also calculated based on the driver, the car, and the type of policy you need.

How can you make taxi insurance cheaper?

Get a suitable car

Insurance is partly calculated on the type of car you’re trying to get insured on. Cars are sorted into a group between 1 and 50 for insurance purposes, and generally the lower the group, the lower the premiums

Voluntary excess

You can reduce your premiums by upping your voluntary excess and agreeing to pay more before the insurance company pays the rest. While it may seem like a great idea to hike your voluntary excess up, remember that you may have to pay it one day – so make it affordable

Compare and get cashback

By comparing insurance policies here, you could save money and earn £35 cashback

Increase the security

Make sure your car uses a modern immobilizer or tracking device. Securing your car in a garage overnight may also help push your premiums down, as will installing CCTV and a dashcam within the vehicle

Pay annually

Paying for your car insurance year in one go could be a lot cheaper. You’ll avoid the added interest rates of paying monthly

Avoid modifications

Most insurance companies will increase your premiums if your car is modified – and others may refuse to insure it at all. Keep your car plain and stock for cheaper taxi insurance

Work out what you need

Taxi insurance can be had with a variety of useful extras, but they’ll end up costing you more. Analyse your usage and be sure to only get what you really need

FAQs

Why is taxi insurance so expensive?

Taxi drivers tend to cover more miles at busier hours and on less familiar roads than normal drivers. The result? More risk, and therefore higher premiums.

Can a taxi be used for personal use?

It can be, but only if the policy you choose states so. Be sure to check your policy will allow those without a taxi licence to drive the vehicle – some types of taxi insurance require anyone using the vehicle to have a taxi licence.

Will age affect premiums?

Just like conventional insurance, taxi insurance tends to get cheaper the older you are. However, some policies require drivers to be over the age of 21 or 25 – both key ages in the insurance world.

Useful information

Please note: by clicking the “Get a quote” button, you consent to your details being transferred to up to five insurance providers. The insurance providers will contact you via telephone to discuss your policy.

Please note:

  • Cashback is only available for genuine quotes.
  • Cashback is limited to 3 quotes per person for each product per year. Abuse of this may lead to the termination of your Quidco account.
  • Any user found giving false details will have their Quidco account terminated.

When using the Compare service, you must take reasonable care to answer insurers questions fully and accurately and if you volunteer other information, you must take reasonable care to ensure that the information is not misleading. If any information that you have provided changes before you take out your insurance, during the life of the policy or at renewal you must inform the insurer or broker of the change. If you deliberately or carelessly misrepresent any information in relation to this insurance, then your policy may not pay all, or part, of a claim and could in certain circumstances be avoided altogether.

The comparison service for insurance accessed via Compare is provided by Quotezone, 100% independent UK insurance comparison. Quidco is a trading style of Maple Syrup Media Ltd, who are an Introducer Appointed Representative of Seopa Ltd, trading as Quotezone, who are authorised and regulated by the FCA, number 313860. Quotezone run and operate the insurance comparison service. By using this system you are agreeing to our terms and conditions & privacy policy.

*Cashback rates - £4 per valid taxi insurance purchase.