Taxi Insurance in Massachusetts
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Affordable & Comprehensive Taxi Insurance in Massachusetts
Massachusetts, like most states in the U.S., has minimum insurance coverage requirements for taxis and other commercial vehicles. These requirements include bodily injury liability, property damage liability, personal injury protection (PIP), and bodily injury caused by an uninsured motorist. Specific requirements may vary based on your area of operation within Massachusetts, as some municipalities in the U.S. require higher minimum insurance limits or additional types of coverage. The type of transportation business you operate can also affect the insurance coverage you need. For example, a large shuttle bus will likely have higher minimum requirements than a standard taxi. To ensure your transportation business is fully protected from the risks of the road, consider investing in additional coverage such as medical payments, collision coverage, and comprehensive taxi insurance coverage.
OTTIS is a leading provider of professional and reliable taxi insurance in Massachusetts and beyond. Our specialized insurance agents will ensure you meet the minimum insurance coverage required by the state of Massachusetts and your local municipality. We’ll help you navigate the complex requirements and make a fully informed decision so that you can operate with peace of mind. Contact us today to learn more about your options and explore our competitive rates!
How Getting Massachusetts Taxi Insurance Works
Common Questions about Massachusetts 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 in Massachusetts We Proudly Serve
- Boston, MA
- Worcester, MA
- Springfield, MA
- Cambridge, MA
- Lowell, MA
- Brockton, MA
- Quincy, MA
- Lynn, MA
- New Bedford, MA
- Fall River, MA
- Lawrence, MA
- Newton, MA
- Somerville, MA
- Haverhill, MA
- Medford, MA
- And many more!
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