Compare Liverpool Taxi insurance
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Guide to Liverpool Taxi Insurance
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Driving a taxi in Liverpool can be as profitable venture, but it comes with some level of risk. As a taxi driver, you'll typically spend more hours on the road, drive late nights, and pile up more miles than standard drivers. This makes you prone to damages and requires you to protect yourself, your passengers, and your business through taxi insurance.
Taxi insurance is a specialised insurance that provides coverage for both you and your vehicle for your hire and reward services. This insurance safeguards you, your vehicle, and your business from potential damage or injury claims filed by passengers or the general public.
What are the different types of taxi Insurance in Liverpool?
There are different types of taxi insurance, and they include:
1. Private Hire Insurance
Private hire insurance is designed for drivers who possess licences to transport pre-booked passengers in exchange for payment. Taxi drivers who work for ride-hailing operators like Bolt and Uber fall under this motor insurance category. Other sub-categories under private hire insurance include chauffeur insurance, which is a specialist insurance product for drivers who operate luxury hire and reward services.
2. Public Hire Insurance
Public hire insurance, sometimes called black cab insurance, is essential for drivers who use vehicles licensed as Hackney carriages to carry fee-paying passengers. Unlike private hire taxis, public hire taxis do not require pre-bookings and are authorised to pick up passengers on the street. Some insurance providers may offer minibus insurance under this category, while others may have a specialised insurance product for it.
3. Decommissioned Taxi Insurance
Decommissioned taxi insurance is for drivers who no longer operate their vehicles as taxis. Whether you sold your taxi, retired, or stopped driving the car as a taxi for other reasons, you'll need to inform your insurer when you decommission your taxi, so that they can effect the necessary changes to your policy.
Depending on how you operate your taxi, these insurance types could be sole driver policies (for only the driver), named driver policies (for different people named on the policy, if more than one person operates the cab), or any driver policies (common among private hire companies for employed drivers). There's also the taxi fleet insurance that allows you to cover more than one taxi under the same policy.
More Than One Taxi - Taxi Fleet Insurance?
If you are operating a taxi rank or operate multiple taxis, consider taking out a taxi fleet insurance policy, it should work out cheaper, and it will definitely reduce your administration overheads. Most if not all taxi fleet insurance providers will also offer generous discounts as you add more taxi cabs to your fleet.
What levels of cover are available in Liverpool?
Liverpool taxi insurance usually has three levels of coverage including:
Comprehensive cover: This is the highest cover level with all-inclusive protection against damages to your cab, as well as other added benefits that may vary by provider.
Third-party fire and theft: As the name implies, this cover level includes all the specified benefits of a third-party-only cover and also offers compensation if your vehicle is stolen or burnt by fire.
What provides Liverpool private hire and taxi insurance??
Most high street insurance agents can provide you with this type of cover, but also check out the specialists providers in this niche. These include Acorn taxi insurance, Bells, Freeways, Westminster, Paton's, Aviva taxi insurance and Haven amongst others.
How does taxi insurance in Liverpool differ from a car insurance policy?
Taxi cover typically carries a higher cost compared to car insurance. This difference in cost stems from the likelihood of increased accident risks, primarily because taxi drivers log more miles on the road than the majority of regular motorists. In addition to the extended mileage, taxi drivers often operate larger vehicles that fall into higher insurance rating categories.
For individuals who work as taxi drivers, standard car insurance is insufficient to ensure adequate protection of yourself, your vehicle, and your passengers. If you engage in hire services, it is essential to secure a suitable annual or monthly taxi insurance policy.
Taxi Insurance Companies & Private Hire Insurance Providers in Liverpool
| Insurance Provider | Office Address | Taxi & Taxi Fleet Cover Available? | Private Hire Insurance Available? |
| Acorn | The Lighthouse, 98 Liverpool Road, Formby, Merseyside L37 6BS | ||
| Patons | Unit 9 Connect, Business Village, 24 Derby Road, L5 9PR | ||
| Britannia Taxis | 1 Stockbridge Lane Liverpool, L36 3SA | ||
| Sep Insurance | 10 Berry Street, Bootle, L20 8AT, Merseyside Liverpool, United Kingdom |
What is the average cost of taxi insurance in Liverpool?
The cost of taxi and private hire insurance varies with providers and depends on factors like the type of policy that you would like, your driving record, the value of your vehicle, and your service area, amongst others. However, you can reduce the cost of your policy through the following ways:
With the right insurance, you're sure to get the best protection for your taxi business.
The table below summaries the range of hire and reward services and the range of taxi vehicles that can be insured with the panel of specialist insurance providers provided by SEOPA
| Taxi types | Cover Available |
|---|---|
| Public hire taxi | ✓ |
| Private Taxi | ✓ |
| Chauffeur | ✓ |
| Taxi Fleets | ✓ |
| Minibus and Multi Purpose Vehicles (MPV) | ✓ |
| Saloon and estate taxis | ✓ |
| Wheelchair Accessible Taxi Vehicles | ✓ |
| Hackney Carriage | ✓ |
Which local taxi authorities can I get a quote for?
MultiQuoteTime works in partnership with SEOPA Ltd to provide for our customer base a comprehensive online insurance comparison service. This gives our customer access to a panel of specialist public and PHV insurance providers that can provide cover for all taxi authorities, including the following :