Being a taxi driver is no joy-ride. In fact, studies have found taxi driving to be even riskier than police work. , with one study revealing that 70 percent of drivers surveyed said they had felt in physical danger while working, 85 percent reported having been verbally assaulted and more than half reported having been physically attacked. With this in mind, taxi drivers need all the protection they can get. One way to minimize the risks associated with driving a taxi is to invest in high-quality, comprehensive taxi insurance.
Nature of the Taxi Cab Business
There are many advantages to working as a taxi driver: flexible hours, the ability to relocate easily, the opportunity to meet new people, and the chance to earn more than $40k per year, to name a few. However, the nature of the taxi cab business – being constantly on the road, driving total strangers, carrying cash with you – presents a number of challenges and hazards to mitigate. As a driver, you’ll need to protect yourself from other drivers on the road, as well as from the passengers in your car. You’ll also need to keep your passengers safe and protect yourself from liability in case of an accident. Finally, you’ll want to insure your cab, because without your vehicle, you’d be out of a job.
Choosing Between Taxi Insurance Carriers
First of all, your taxi insurance will depend on the type of taxi you drive (public or private). You’ll also need to consider how your taxi will be used, because not all taxi insurance will cover you while you’re driving for your own personal transportation while you’re off the clock. There are typically three levels of coverage to choose from: third party taxi insurance, third party plus theft taxi insurance, and comprehensive taxi insurance.
Below are a few key questions to consider when choosing a taxi insurance provider:
- Will they be available 24/7 in case of any issues or emergencies?
- Can they bundle the different types of coverage you need to get you a better deal?
- If you own more than one taxi, can they cover your entire fleet?
Understanding Taxi Driver Quotes
The first step is to obtain more than one taxi insurance quote so that you can compare and make sure you are getting the best coverage for the best deal. Keep in mind that the quote you receive will depend on several factors, including your location of operation, your driving record, the type and age of your vehicle(s), the type and level of coverage you’re after, and more. Make sure to ask a licensed expert to walk you through the details of the quote and answer any questions you might have.
Taxi Insurance Options
If you are based in Oregon, Washington or California, get started exploring your taxi insurance options and request a free quote from us today! We offer low rates and the highest-quality, personal customer service to make you feel safe and secure while you’re on the road.