Taxi Insurance in Alabama
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Comprehensive and Affordable Taxi Insurance in Alabama
In the state of Alabama, all for-hire transportation businesses, including taxi, limousine, shuttle bus, livery, and non-emergency medical transportation (NEMT) services, are required to carry proof of insurance. At a minimum, taxi and transportation businesses need to invest in a commercial auto policy. Additional types of transportation insurance to consider include commercial property insurance, general liability insurance, workers’ compensation insurance, and more. It’s important to note that specific taxi insurance regulations in Alabama vary depending on the specific type of service you operate and your area of service within the state. Therefore, we recommend that you consult with one of our specialized taxi insurance agents to ensure your compliance.
Most taxi businesses in Alabama choose to go a step further than the minimum taxi insurance requirements in order to better protect their business. With more comprehensive insurance coverage, you can enjoy peace of mind knowing your vehicles, customers, drivers, and business as a whole are covered.
How Getting Alabama Taxi Insurance Works
Common Questions about Alabama Taxi Insurance
Are there different types of taxi insurance?
Yes, the three most common types of taxi insurance are third party insurance, third party fire and theft insurance and lastly, comprehensive insurance. Third party insurance is the most basic that covers the cost of compensating other people for injury or damage caused by your drivers, but not injury or damage to your drivers or vehicles. Third party, fire and theft insurance is a mid-range approach that covers everything listed in third party insurance plus damage to your taxi caused by fire or theft. The third type, which we highly recommend, is comprehensive insurance which covers all the above, plus protection for your drivers and vehicles.
What factors determine the price of taxi insurance?
The primary factors are: 1. The coverage you select; 2. The location of your business; 3. The specifics of your taxi cab(s), including the make, model, year and size of the vehicle, and the number of vehicles and drivers in your fleet; 4. Your business’ hours of operation and how many miles you drive each year; and 5. The driving record of your taxi driver(s).
Is auto insurance mandatory?
Yes, auto insurance is mandatory in every US state. However, insurance laws vary by state, so it’s best to visit your state government’s transportation website. Important note: taxi insurance is legally required as well if you drive a taxi for a living. Taxi insurance is extremely important in order to protect you, your car, and your customers.
What is the difference between taxi insurance and regular car insurance?
The difference lies in what coverage is included in the policy. Auto insurance covers claims that result from an accident, but does not cover general claims relating to a company’s business practices. Taxi insurance covers the vehicle, the driver, and any passengers or bystanders should an accident occur. Taxi insurance can also cover vandalism, theft, fire, and damage from accidents that are the company driver’s fault.
Hear From Our Current Customers
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A Few of the Cities We Proudly Serve in Alabama
- Huntsville, AL
- Montgomery, AL
- Birmingham, AL
- Mobile, AL
- Tuscaloosa, AL
- Hoover, AL
- Auburn, AL
- Dothan, AL
- Madison, AL
- Decatur, AL
- Vestavia Hills, AL
- Phenix City, AL
- Florence, AL
- Prattville, AL
- Alabaster, AL
- And more!
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