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What You Need To Know About Taxi Insurance

What You Need To Know About Taxi Insurance
June 21, 2017 OTTIS Blog
taxi insurance

Safety is always an important factor, especially in the taxi industry.

If you drive a taxi, then you have the passengers’ lives in your hands.

Following safety precautions is a necessity for taxi drivers.

Making sure that you have taxi insurance should be one of your top priorities.

Here are the top 5 things you need to know:

The Top 5 Things that You Should Know if You Drive a Taxi

1. Know the Type of Taxi Insurance that You Need

Private taxi insurance is quite different from a public one.

Knowing the difference between the two can save or cost you money.

Do you know if you drive a public or private taxi?

Two questions that you should ask yourself are the following:

a. Can my taxi be flagged down?

If you answered yes, then you might need to look into private tax insurance.

b. Does my taxi require pre-booking?

If the taxi that you drive requires taxi passengers to book ahead of time, then it may be a private taxi.

2. Understand the Quotes

Taxi drivers should be careful to understand the prices that they are quoted. Otherwise, they may be quoted a price that is too high.

There is a difference between public and private taxi insurance.

Likewise, there are certain non-negotiable factors that should be considered if you are driving a public taxi.

3. Factors to Consider as a Taxi Driver

There are a few factors to consider if you drive a public taxi.

These factors may increase the initial insurance premium that you have to pay.

However, if you are caught driving without appropriate coverage, then you will have to pay fines and possibly even serve time in jail.

Avoid high stakes and choose the safest route when purchasing insurance.

How to Make Sure Your Taxi is Covered

You want to be sure that you have the coverage that you need if you are driving a taxi. Here is what you should consider when driving a taxi cab:

4. Your Vehicle

Make sure that the vehicle that you drive is the vehicle that is insured. If you choose to drive a car that is pricier to insure then you may not be covered under the policy.

5. Your Record

Taxi drivers have to be sure that their driving record is maintained above the average driver.

If your record contains several traffic violations or speeding tickets then you may not be able to purchase coverage. This may have an impact on the cost of your insurance even when you are able to purchase a plan.

Find out the prices of several providers and then judge what is best for you based on a variety of quotes.


The more security features that your taxi has, the greater your chances of finding low-priced insurance. If your taxi has an alarm or is difficult to steal, then insurance is usually cheaper.


If you drive a taxi, then you probably know how important it is to take legalities seriously.

Make sure that you know the laws that are relevant to your state and to your situation prior to driving a taxi cab.

Often times, there are different laws and regulations for taxis versus your average car or truck on the road.

Want to know more? Click here for more information on how to keep your taxi safe on the road!

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