Taxi Insurance in New York
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Comprehensive and Reliable Taxi Insurance in New York
As in most states, taxi insurance in New York is subject to specific regulations and requirements to ensure the safety and protection of passengers, drivers, and the general public. In the state of New York, all taxi operators are required to carry adequate insurance coverage, including liability insurance, in order to operate legally. It’s crucial that your taxi business comply with these regulations, as failure to maintain proper insurance coverage can result in fines, suspension of licenses, or even revocation of operating privileges.
Specific taxi insurance requirements in New York vary depending on the type of transportation business you operate, your location, and other factors. For example, in New York City, a special kind of insurance called TLC (Taxi and Limousine Commission) insurance is required for most professional drivers. That’s why it’s essential to consult with a specialized taxi insurance company, like OTTIS, that is familiar with the local laws and can help ensure your compliance.
Whether you operate a taxi, limousine, livery, shuttle bus, or non-emergency medical transportation business in New York, our helpful agents at OTTIS can guide you through the complex insurance landscape and help you secure the appropriate insurance coverage at an affordable rate. With OTTIS on your side, you can operate with peace of mind, knowing you have comprehensive protection against the many risks of the road. Contact us today to request a free quote and learn more!
How Getting New York Taxi Insurance Works
Common Questions about New York 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+”
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A Few of the Cities in New York We Proudly Serve
- New York City, NY
- Buffalo, NY
- Rochester, NY
- Yonkers, NY
- Syracuse, NY
- Albany, NY
- New Rochelle, NY
- Mount Vernon, NY
- Schenectady, NY
- Utica, NY
- White Plains, NY
- Hempstead, NY
- Troy, NY
- Niagara Falls, NY
- Binghamton, NY
- And many more!
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