Taxi Insurance in Indiana
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Affordable & Reliable Indiana Taxi Insurance
No matter what type of transportation business you operate in the state of Indiana, you must invest in insurance coverage.
Why is taxi insurance so important? First of all, for compliance reasons. Whether you run a taxicab, livery, limousine, shuttle bus, or non-emergency medical transportation (NEMT) company in Indiana, proof of insurance is required by law. Specific regulations depend on the type of transportation business you operate and where you’re business is based in Indiana, so it’s important to do local research and consult with a specialized insurance agent. OTTIS specializes in all forms of livery, limo, and taxi insurance, so we can help you determine the exact level of coverage you need.
Compliance aside, you also need insurance coverage to protect your business from the many risks of the road. More comprehensive insurance will cover your drivers, vehicles, passengers, and innocent bystanders in the event of a collision. With reliable taxi insurance from OTTIS and our helpful agents on standby, you and your team members can operate with total confidence and stop stressing about factors outside of your control!
How Getting Indiana Taxi Insurance Works
Common Questions about Indiana 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 Indiana
- Indianapolis, IN
- Fort Wayne, IN
- Evansville, IN
- South Bend, IN
- Carmel, IN
- Fishers, IN
- Bloomington, IN
- Hammond, IN
- Lafayette, IN
- Gary, IN
- Noblesville, IN
- Muncie, IN
- Greenwood, IN
- Kokomo, IN
- Terre Haute, IN
- And More!
Don’t Risk Another Day Without Coverage