Cheaper, simpler taxi insurance
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A better way to insure your taxi or minicab
Taxi insurance is a specialised form of cover designed for vehicles used to transport passengers for hire. It provides financial protection against risks associated with carrying paying passengers, ensuring both the driver and passengers are safeguarded in the event of accidents or unforeseen incidents.
Whether you need public or private hire insurance, do a bit of food delivery on the side or want some of the lowest monthly rates on the market, let us quote you today.
What’s more, we don’t insist on installing telematics devices, black boxes, or dashcams. We prefer to get to know you, ensure we can deliver what you need, and find you the lowest price.
24/7 claims service
We’re here for you round the clock when you need us most.
Fairer prices for all
We’ve been around for over 50 years, so you know you’ll get a better deal.
World-class support
You’ll get your own UK-based human to look after you for the duration of your policy.
At insurd, we have over 50 years of experience and are backed by some of the largest, most trusted insurers, so you know you can trust the protection of your policy.
We use a combination of technology and taxi insurance knowledge to give you incredible cover at affordable prices.
What does taxi and private hire insurance cover?
Accidental damage to your taxi
Covered for the costs of repairs
if your taxi is damaged in an accident*.
Other bad things that could happen
Damage by fire, storm or vandalism
are all covered as standard*.
Broken glass and windscreens
All the glass in your taxi is covered.
You won’t lose your No Claims Discount*.
If you injure someone
Your cover will pay for any damage to
property or injuries caused by you.
Theft
If your taxi is stolen, it’ll either be
replaced or you’ll be paid the market value.
* Subject to your chosen level of policy cover and the prevailing policy excess.
Power up your cover with a host of optional extras
Additional cover options that you can
tailor to your own needs, ensuring
complete peace of mind and keeping you
on the road whatever happens.
- Up to £10 million public liability cover
- Guaranteed plated replacement vehicle
- RAC breakdown, rescue and recovery
- £100,000 legal expenses cover
- Up to £1,500 excess protection
- SmartFob key cover
What is taxi insurance?
Any individual or business operating a vehicle to transport passengers in exchange for payment is legally required to have taxi insurance. This includes drivers of both public hire vehicles, such as traditional black cabs that can be hailed on the street, and private hire vehicles, like minicabs or those affiliated with ride-hailing apps, which must be pre-booked by passengers.
Types of cover
Taxi insurance policies typically offer various levels of cover:
- Third Party: This is the minimum legal requirement, covering liability for injuries to others and damage to third-party property.
- Third Party, Fire and Theft: In addition to third-party cover, this includes protection against fire damage and theft of the insured vehicle.
- Comprehensive: Offers the highest level of cover, encompassing all the benefits of Third Party, Fire and Theft along with cover for accidental or malicious damage to the driver’s own vehicle.
Private hire or public hire insurance?
The type of taxi insurance required depends on the nature of your services:
- Public Hire Insurance: Designed for vehicles that can be hailed directly by passengers on the street or at taxi ranks without prior booking. Drivers of these vehicles need insurance that covers the unique risks associated with immediate passenger pickups.
- Private Hire Insurance: Tailored for vehicles that operate on a pre-booked basis only, such as minicabs or cars used through ride-hailing platforms like Uber. This insurance covers drivers who are not permitted to pick up passengers without a prior booking.
Both types of insurance typically include “hire and reward” cover, allowing drivers to legally transport passengers in exchange for payment.
Taxi operators must obtain the appropriate insurance for their specific services to ensure compliance with legal requirements and to protect against potential liabilities.
Looking to insure your minibus? We also offer minibus insurance policies specifically.
Own or run more than two taxi vehicles? Take a look at our taxi fleet insurance policies.
What you’ll need to compare the best taxi and private hire insurance prices
Our mission is to give you the best taxi insurance deal in the shortest possible time. But we’ll need some information from you to make sure we’re giving you an accurate price.
Your personal information (which is 100% secure)
Apart from the obvious reasons, we’ll need your name, address and date of birth to make sure you are who you say you are. Insurance application fraud is at its highest ever level and our background checks ensure everybody pays a fair price.
Your vehicle registration number and details
We’ll search DVLA and SMMT data to ensure we’ve got accurate information about your vehicle.
Your driving licence number and details of your driving history
Providing your driving licence number (“DLN”) allows for validation of your entitlement to drive certain types of vehicles and your driving history. Some of our insurer partners will offer a discount for confirming your DLN.
Details of any No Claims Bonus you’ve earned
If you’ve been insured as a taxi or private hire driver previously and are accident-free, the chances are you’ve got a No Claims Bonus (“NCB”). Your NCB will usually reduce your premium by 30-70%, so it’s important you know exactly how many years’ entitlement you have.
Full details of any additional drivers you want to drive your vehicle
You’ll need to provide the same information about any other drivers, and you should have their permission to do so before you get a quote.
How much does taxi insurance cost?
Taxi insurance typically costs more than standard motor insurance due to additional risks involved with taxi driving. Several factors can influence the cost of a taxi insurance policy:
Usage and mileage
Higher usage and mileage increase the risk of accidents, which can lead to higher premiums. Therefore, providing accurate mileage estimates and typical usage patterns helps insurers adjust cover to better suit your needs.
Value of the vehicle
A more expensive taxi or private hire vehicle incurs higher premiums due to higher repair or replacement costs. Insurers factor in the vehicle’s market value and any modifications when determining premiums.
Location
Operating in high-crime or accident-prone areas typically results in higher premiums. Insurers assess local traffic conditions, crime rates, and accident history to evaluate risk and set rates accordingly.
Type of taxi
The type of taxi, such as a black cab or a wheelchair-accessible vehicle, affects premiums. Factors like passenger capacity, vehicle size, and usage patterns are taken into account to calculate rates.
Driving record
A clean driving record generally results in lower premiums, while a history of accidents or driving violations can increase costs. Insurers use your driving history to predict the likelihood of future claims.
Storage and security
Where you store your taxi and the security measures in place can influence premiums. Parking in a secure location or installing anti-theft devices can lower costs, with discounts for immobilisers, alarms, or trackers.
Additionally, a higher excess lowers premiums but increases out-of-pocket costs during a claim, while a lower excess does the opposite. Additional cover options raise costs but provide extra protection, so assess your risk and financial situation to make the right choice.
The best and worst average annual private hire insurance prices by licensing authority
Taxi and private hire insurance prices are calculated using a number of factors, including those above, and vary considerably, but comparing average premiums in your area can give you an idea of what you can expect to pay.
| Position | Licensing authority | Average premium |
|---|---|---|
| 1 | Kingston-Upon-Hull City Council | £1,165.45 |
| 2 | Mole Valley District Council | £1,257.93 |
| 3 | Cherwell District Council | £1,300.41 |
| 4 | Aberdeen City | £1,307.42 |
| 5 | Medway Council | £1,349.73 |
| 58 | Havent Borough Council | £3,315.47 |
| 59 | Newport County Borough Council | £3,411.61 |
| 60 | Sandwell Metropolitan District | £3,507.46 |
| 61 | Surrey Heath Borough Council | £3,532.07 |
| 62 | City of Edinburgh | £3,621.81 |
| 98 | City of Liverpool | £5,919.78 |
| 99 | Oldham Metropolitan Borough Council | £7,256.99 |
| 100 | City of Newcastle-Upon-Tyne | £7,306.05 |
| 101 | East Renfrewshire | £7,990.10 |
| 102 | City of Newcastle-Upon-Tyne | £8,405.24 |
Source: insurd quote data May 2025 based on taxi and private hire drivers earning at least 1 year No Claims Bonus
Taxi insurance frequently asked questions
Can I use my private hire vehicle for social use?
Yes, you can. All of our policies include social, domestic and pleasure use as standard.
Am I covered for food delivery?
If you’re delivering food, as long as you tell us, we can arrange for this to be included in your cover.
Can I pay for my taxi insurance monthly?
Yes. We offer some of the lowest monthly rates on the market and can set up your monthly instalment plan in minutes.
Can I insure my taxi for a month?
Yes you can. As long as you’re licensed for private hire and subject to our usual acceptability criteria, you can insure your taxi or minicab for 30 days.
Why do I need public liability cover?
Your taxi insurance policy automatically covers you for damage to other people’s property or if you injure someone while driving your taxi. However, especially for local authority or school contracts, you’re still responsible for your fare until they actually reach their destination and public liability insurance will cover you if you’re sued for damages.
Do you cover new taxi drivers?
Yes, of course. Provided you’re over 23 years of age we can offer competitive prices for new taxi drivers.
Does my taxi insurance cover me to drive other vehicles?
Nope. You’ll only be covered to drive the vehicle that is described on your Certificate of Motor Insurance. If you do need to drive other vehicles, speak to us as you might need a different kind of policy.
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