Looking for Taxi Fleet Insurance?
Taxi fleet insurance can be a great way to save your taxi business time and money.
Insuring all your vehicles through one taxi fleet policy means one renewal date, a reduced risk of operating without the correct level of cover and flexibility for your drivers. Plus, there’s the financial incentives that come with insuring all your vehicles through one insurer.
Different types of taxi fleet insurance
Taxi fleet insurance is a specialist provision, which means you will need a specialist insurer familiar with the demands of running a taxi business and able to develop policies to suit your needs. Depending on your insurer, all of the below are available within most taxi fleet insurance policies:
If your fleet operates a combination of private and public hire taxis or perhaps a combination of vehicles, such as standard taxis, minibuses and limousines.
Suited to taxis used for hire and reward, but also used privately for ‘social, domestic and pleasure’.
Gives you the confidence that any of your drivers can drive any of your vehicles.
Suited to fleets which operate with driver owned vehicles.
Designed for businesses which rent their vehicles to their drivers.
Ways to save money on taxi fleet insurance
There are other ways to save money on fleet taxi insurance in addition to the time and admin saved by only managing one policy:
Taxi fleet insurance bundles
Taking out additional cover related to your business, as part of your taxi fleet insurance, can be a cost effective way to pay for the cover you need. This can include:
Additional cover with taxi fleet insurance
Get the most out of your taxi fleet insurance by taking out additional extras in conjunction with your fleet policy. These can include:
- Breakdown cover – including onward journey for passengers
- Replacement vehicle – some insurers source similar, plated vehicles if a vehicle is off the road due to a non-fault incident
- Windscreen cover
- Legal cover
Taxi Fleet Insurance – Useful FAQs
Many taxi fleet insurers will offer flexible monthly, bi-annual and annual payment options on fleet policies.
This depends on the insurer
Some do not insure vehicles with more than 16 seats, but others will include coaches.
Private hire involves less risk than public hire and this is reflected in the price.
Most insurers don’t offer no claims discounts on fleet policies. However, some will reduce costs based on the ‘total value claimed’ within a set period.