How to make money driving a taxi cab

Taxi insurance is essential if you drive a cab for a living. Compare taxi insurance policies, many of which include public liability cover, to insure yourself and your passengers at a cheaper price. You cannot drive a taxi professionally with a standard car insurance policy.

These are taxis that do not need to be pre-booked, and can be hailed down by customers from the street or taxi ranks and include London black cabs. This type of taxi must be booked in advance and includes larger cabs like minicabs and large multi purpose vehicles MPVs. You must specify the type of taxi you use when you apply for a quote. You will not be able to drive a public hire taxi with a private hire policy and vice versa. You will also be covered against any legal or compensation claims you face as a result of the above.

Our comparison shows the maximum public liability cover the taxi insurance companies offer, but the amount may vary depending on the quote you get. Taxi insurance offers other specific types of cover that are not included in a car insurance policy:. You will need to include this in your taxi insurance policy if you plan to use your cab for personal use when you are not working. Taxi insurance policies usually set maximum number of miles you will be covered to drive each year.

This cover will mean you will not be charged for driving too much. The best way is to compare quotes using the above table. You could also lower your costs by installing CCTV, or by trying these tips. Yes, as long as you are a full time taxi driver that has held a valid driving licence for three years and have lived in the UK for at least five years.

No, if your work as a taxi driver you must have a specialist taxi insurance policy in place, car insurance will not cover you.

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Yes, it is on average because taxis travel more miles and are larger than most cars. Carrying customers also increases the risk of personal injury claims. Yes, and it also covers things like public liability to protect you when you have customers in your taxi. No, most taxi insurance policies will not include breakdown cover, but you may be able to add it. Alternatively compare breakdown policies here. No, most insurers will not cover against lost fares, including a customer not paying, how to make money driving a taxi cab the fare will be less than the excess due.

We include taxi insurance insurance policies available from our panel of insurers and brokers. They are all regulated by the Financial Conduct Authority FCA. Here is more information about how our website works. We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

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Compare taxi insurance Taxi insurance is essential if you drive a cab for a living. Show sbi card rates forex featured products first. Featured products first Featured products first Most popular Highest public liability cover. Staveley Head Taxi Insurance. Freeway UK Taxi Insurance. Plan Insurance Taxi Insurance. Without your vehicles your business may not be able to operate.

This is an insurance broker. Cover My Cab Taxi Insurance. Plan Insurance Taxi Fleet Insurance. Alternative Insurance Brokers Taxi Insurance. DNA Insurance Taxi Insurance. Insurance Choice Taxi Insurance. Insure Taxi Taxi Insurance. Milestone Insurance Consultants Ltd Taxi Insurance.

Well Dunn Insurance Revolution Services Taxi Insurance. Do you need taxi insurance? If you drive a taxi cab for a living you must have a specialist taxi insurance policy in place.

What insurance do you need for your taxi? How can I get cheaper taxi insurance? Can I get taxi insurance? Can I drive a taxi with a car insurance policy? Is taxi insurance more expensive than car insurance?

Does taxi cover the same things as car insurance? Does taxi insurance include breakdown cover? Will I be covered against lost fares?

Who do we include in this comparison? How do we make money from our comparison? You do not pay any extra and the deal you get is not affected. Car Insurance Comparison Car insurance for 18 year olds Car insurance for new drivers Car insurance for over 70s Car insurance for over 80s Low deposit car insurance.

Taxi Tips: Be Patient! It Won't Happen Overnight

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Why check with us? We're completely independent We're not owned by massive financial corporations so we don't have shareholders on our case to sell you things you don't want or need. We don't sell your data We don't sell your personal information, in fact you can use our site without giving it to us.

We don't just compare companies that pay us We aim to give you choice and help you compare products no matter what you're looking for, by including companies that don't pay us to show their deals. We check out every company we list Our data experts check the companies we list are legit and we only add them to our comparisons when we're happy they've satisfied our screening.

We're a team of money experts We're totally passionate about giving you the most useful and up to date financial information, without any fancy gimmicks.