Taxi Insurance in Delaware
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Professional and Affordable Taxi Insurance in Delaware
Taxi insurance in Delaware is subject to specific regulations and requirements that help ensure the safety and protection of your drivers, passengers, vehicles, and the general public. The local Department of Transportation mandates that all taxi operators carry proof of commercial auto liability insurance. Minimum liability limits vary depending on the type of transportation business you operate and the seating capacity of the vehicle. Whether you operate a taxi, limousine, livery, shuttle bus, or NEMT (non-emergency medical transportation) business in Delaware, OTTIS can help you navigate the local requirements and ensure your compliance.
Adequate taxi insurance coverage is crucial for smooth and continued operation of transportation services in Delaware. It protects your business from potential liabilities and unexpected expenses so that an accident doesn’t hinder or derail your long-term financial success. Our specialized taxi insurance agents here at OTTIS understand the nuances of taxi insurance in Delaware and will help you find comprehensive coverage that is tailored to your specific needs and budget. With OTTIS on your side, you’ll have priceless peace of mind knowing your business is compliant with state regulations and has financial protection.
How Getting Delaware Taxi Insurance Works
Common Questions about Delaware 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
“I have known the Oswald Insurance Agency since my teen years (well over 15 years!), and I cannot speak highly enough of David! He is helpful in the extreme, always goes the extra mile to find what is right for you, is caring and considerate, and just a joy to deal with! David is my most trusted advisor for not just insurance, but finances in general. If you’re looking for a trustworthy person/agency to deal with, look no further!”
– Rachel (Google Review)
“We have enjoyed a long time business relationship with Oswald Insurance. David has been such a value to our company over the years. David knows what he is doing. His whole staff is A+”
– Kristi (Google)
A Few of the Cities We Proudly Serve in Delaware
- Wilmington, DE
- Dover, DE
- Newark, DE
- Middletown, DE
- Bear, DE
- Glasgow, DE
- Brookside, DE
- Hockessin, DE
- Smyrna, DE
- Pike Creek Valley, DE
- Milford, DE
- Claymont, DE
- Wilmington Manor, DE
- North Star, DE
- Seaford, DE
- And more!
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