Taxi Insurance in North Carolina
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Professional and Affordable Taxi Insurance in North Carolina
If you’re a taxi driver or transportation business owner in North Carolina, you need the right insurance coverage to protect your business and yourself. In North Carolina, taxi drivers are required to carry commercial auto insurance that meets the state’s minimum liability requirements, as well as uninsured and underinsured motorist coverage. Because specific insurance requirements can vary depending on the specifics of your business, it’s important to consult with an experienced and specialized provider, like OTTIS, to ensure your compliance.
Here at OTTIS, we specialize in providing insurance coverage for transportation businesses, including taxi, livery, limousine, shuttle bus, and non-emergency medical transportation (NEMT) businesses. Our helpful agents understand local insurance requirements in North Carolina and will help you secure the coverage you need at an affordable price. Whether you’re a single-driver taxi or a large fleet operator, our team will work with you to customize an insurance policy that meets your specific needs and budget. Because accidents and unexpected events can happen at any time on the road, we offer 24/7 claims support and quick response times. That way, you can operate with confidence and peace of mind!
How Getting North Carolina Taxi Insurance Works
Common Questions about North Carolina 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 North Carolina
- Charlotte, NC
- Raleigh, NC
- Greensboro, NC
- Durham, NC
- Winston-Salem, NC
- Fayetteville, NC
- Cary, NC
- Wilmington, NC
- High Point, NC
- Concord, NC
- Asheville, NC
- Greensville, NC
- Gastonia, NC
- Jacksonville, NC
- Chapel Hill, NC
- And more!
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