Compare Pay As You GO Taxi Insurance
Compare Compare Pay As You GO Taxi Insurance
Don’t have your registration number? No problem, click here.
Search & compare cheap quotes from UK Taxi Insurance providers
Tailored quotes from a panel of Taxi Insurance specialists
Guide to Pay As you Go Taxi Insurance
Pay-as-you-go taxi insurance (PAYG), also known as short-term taxi insurance, is a flexible insurance model in which taxi drivers pay premiums based on their actual usage and driving behaviour. This innovative approach utilizes technology, such as telematics devices or mobile apps, to track the distance travelled, time spent on the road, and other relevant factors.
The insurance cost is then calculated in real-time, offering drivers a more personalised and cost-effective coverage plan compared to traditional fixed-rate policies. Pay as use go cab insurance policies can cover both public hire or private hire taxi drivers, their vehicles and customers. This model is designed to benefit drivers by providing fair pricing and encouraging safer driving habits.
Multi Quote Time provides access to a specialist panel of taxi insurance brokers. These brokers will be in contact via the telephone to provide you with quotes on your motor fleet insurance
Is there Pay-as-you-go insurance cover for Taxi Fleet?
Yes, some insurers offer pay-as-you-go insurance coverage for taxi fleets. Fleet operators and self drive fleet owners with two or more vehicles can take advantage of this taxi insurance model to tailor their insurance costs based on the actual usage and behaviour of their entire fleet.
PAYG taxi fleet insurance is often considered a cheaper alternative to traditional taxi fleet insurance, which requires you to pay premiums for other vehicles even when they are not in use
How Pay As You Use Taxi Insurance Works
The rules of a pay-as-you-go or temporary taxi insurance policy depend largely on the insurer. However, this type of insurance product works by integrating technology to track the usage and behaviour of individual public hire or private hire taxi drivers.
Some insurers partner with ride sharing apps and taxi work providers to link your insurance account to their apps. This way, they can automatically track your driving activities and collect data relevant for taxi insurance quotes and premium calculations.
Others may require that you install telematics devices in your vehicle that can continuously collect and transmit real-time data points to the insurance provider. Data like distance travelled, time on the road, driving habits like speed, adherence to traffic rules, braking patterns, etc, are collected to calculate your premium.
Payment is often structured in a pay-as-you-go format, meaning drivers are billed for their insurance on a periodic basis (e.g., monthly) rather than a fixed annual policy premium.
Nevertheless, some pay-as-you-go insurance models may require that taxi drivers start by paying a daily premium based on how much they use their vehicle (extra fees might apply). After prepaying, they get a starting point of 1,000 miles for driving. Every time a driver goes over this 1,000 miles limit, they get a charge. These charges may reduce the claims discount on the driver's insurance policy rate.
What does Pay as you go taxi insurance cover?
If you provide hire and reward service to private or public customers, you need your taxi insurance to have some level of coverage for yourself, your vehicle and your passengers.
This is essential whether you're a full-time or part-time taxi driver. Here are the different types of insurance you'll need whether you operate private taxis for pre-booked fares or public-hire taxi vehicles.
Vehicle Insurance
Public Liability Cover
This insurance product provides cover in case you are sued by members of the public or passengers while operating your taxi. Some insurers will include this in your standard policy, while others may expect you to purchase it separately. A look at your policy wording will tell you what you should expect from your insurer.
Taxi Base Insurance
Taxi Base Insurance is for you if you run your taxi business from an office or a station. This helps to cover your building. You may also want to include employers’ liability cover to cover for claims of injury or damages from your employees.
All categories of PAYG taxi insurance now available
Key Names for UK Taxi Insurance
Many insurance providers offer taxi insurance, some like Patons taxi insurance specialises in only providing taxi and private hire insurance, we have complied a list below of the top names in this insurance sector.
Provider | Worthy of Note | Get Free Multiple Quotes | |
---|---|---|---|
Towergate Taxi Insurance | Comfort insurance includes personal effects and belongings and generators (up to £5,000) | Compare Now | |
Haven Taxi Insurance | Compare Now | ||
A 19 Taxi Insurance | Compare Now | ||
Motorcade Taxi Insurance | Compare Now | ||
Zego Taxi Insurance | Compare Now | ||
Nelson Taxi Insurance | Compare Now | ||
Freeway Taxi Insurance | Compare Now | ||
Bells Taxi Insurance | Compare Now | ||
markerstudy taxi insurance | Compare Now | ||
DCL/Headway Taxi Insurance | Compare Now | ||
Acorn Taxi Insurance | Compare Now | ||
InsureTAXI Insurance | Compare Now | ||
Penk Taxi Insurance | Public liability cover for taxi drivers (included free on some policies) | Compare Now | |
Riviera | completely committed to providing a personalised service | Compare Now | |
Cabsurance | Cabsurance claims app allows you to quickly and efficiently report any claims | Compare Now | |
Flag Taxi Insurance | Flag only offers Haven Taxi Insurance | Compare Now | |
Collingwood Taxi Insurance | Compare Now |
Taxi Insurance FAQ's
Taxi insurance provides cover only for the vehicles listed on the policy, not for other vehicles. For other vehicles, you will need to either get them included or take out a separate policy.
Most brokers are flexible when it comes to arranging payment terms. However, choosing monthly payments may include extra interest charges.
Most taxi policies will include public liability as standard, but exceptions do exist, so check your policy wording. It can always be added or taken out as a separate item.
Yes, this can be bought as a separate policy or bundled into your taxi insurance policy.