London PCO Insurance
Our Taxi Brokers can provide cheap London PCO Insurance for all types of Taxis whether it is a single taxi or a fleet of taxi vehicles
What is London PCO Insurance?
As a taxi driver, if your vehicle is off the road following an accident then this costs you money. The longer you’re not working, the longer you’re not earning. As such it is vital that you have the right cover in place to protect you and your vehicle, to ensure you’re back up and running as quickly as possible.
Whether you’re a private hire driver or public hire driver, drive a black cab or a minibus, it doesn’t matter, you still need taxi insurance. You can cover the vehicle, the driver, any passengers and members of the public and their property too – just in case you run into some trouble!
MyMoneyComparison.com work with some of the biggest Taxi Insurance companies in the country. We understand the importance your Taxi means to you and that is why we vet all our broker partners prior to being accepted on our panel. That is why we are confident our partners could beat your current Private or Public hire taxi insurance cover quotes.
Taxi drivers covered:
Experienced Drivers / Taxi Badge Holders
Young / Under 25 Taxi Drivers
Drivers Aged 22+
Driver with Convictions / Clean Licence
No Claims Bonus / Claims History
All Taxi Licensing Authorities
New Taxi Badge Holders
What is covered when I purchase Taxi Insurance?
Our broker panel will discuss in detail with you what is covered in your policy. This can include the following:
- Windscreen and Glass Cover
- Car Hire Cover
- Public Liability Insurance
- Adaptive Payments / Monthly Payments
- Quick and Easy Claims Procedure
- 24/7 Customer Service
- Breakdown cover, including separate onward travel to get your passengers to their destination
- Courtesy-plated taxi in the case of an accident
- Advice/assistance with the recovery of your vehicle from an accident scene
- Repair to your vehicle in the case of an accident
- 24-hour claims assistance
- Home start recovery if your vehicle won’t start
- Personal use cover if you use your vehicle outside of work
- Cover for loss or damage to keys, including locksmith charges, replacement locks and keys, car hire and onward transport
Do you own a taxi fleet or taxi company? Then why not get a taxi fleet insurance quote: Taxi Fleet Insurance Quote
Taxi vehicles covered:
Multi-purpose Vehicles (MPVs)
London PCO Insurance FAQs
Types of taxi insurance
Our Private Hire Insurance brokers have many years of experience in the taxi market and have unrivalled relationships with Taxi specialist underwriters. This means they can give you the lowest prices unavailable elsewhere.
Our taxi broker panel has insured thousands of Black Cab Taxi drivers. They understand the policies that Black Cab drivers want and are backed by some of the biggest Black Cab underwriters offering the lowest prices.
Our broker panel can also insure Private Hire Insurance for Uber Drivers. So if you drive a car, minibus, minibus or MPV fill in our online quote form or give us a call and get covered today!
Why is taxi insurance so expensive?
Private hire taxi insurance is more expensive than conventional cover because taxi drivers complete more miles than other motorists, and often do so in congested conditions. … As a result, taxis are usually bigger than conventional cars – meaning these vehicles often fall into a higher car insurance group.
Who is eligible to get taxi insurance cover?
You can get taxi insurance cover if you meet the following criteria:
- Are aged between 22-75
- Hold a public hire taxi badge, or
- Hold a private hire taxi badge
- Drive an Uber plated vehicle
- Have only recently got your taxi badge
- Have claims or motoring convictions
- Discounts for taxi drivers with taxi NCB
- Private no claims bonus used if no taxi NCB
- The policy is required within 30 days – quote can only be valid for 30 days
Can you deliver food with taxi insurance?
Simple “Social Domestic & Pleasure” or strict “taxi and private hire insurance” policies will not provide cover for delivering Big Macs for UberEats or ferrying Amazon grocery bags around. A courier policy is needed. It’s an important point to make because the cover required is significantly more expensive.
How much does taxi insurance cost UK?
One thing our panel strive towards is making Taxi Insurance affordable. However, the cost of Private Hire or Public Hire insurance costs in the UK depends on the driver’s history and experience. As a private hire driver, you can expect to pay anything from as little as about £800 all the way up to several thousand pounds for insurance, depending on your individual circumstances.
Can you use a black cab as a normal car?
You only need taxi insurance if you‘re planning on actually using your vehicle as a taxi. If you‘re buying for private use then you simply need to buy standard car insurance, although you‘ll likely need to find a specialist motor insurance company.
What Is Taxi Insurance And What Does It Cover?
As a taxi driver, if your vehicle is off the road following an accident then this costs you money. The longer you’re not working, the longer you’re not earning. As such it is vital that you have the right cover in place to protect you and your vehicle, to ensure you’re back up and running as quickly as possible. Whether you’re a private hire driver or public hire driver, drive a black cab or a minibus, it doesn’t matter, you still need taxi insurance. You can cover the vehicle, the driver, any passengers and members of the public and their property too – just in case you run into some trouble!
What’s the difference between Public Hire Taxi Insurance and Private Hire Taxi Insurance?
The main difference between Public Hire Taxi Insurance and Private Hire Taxi Insurance is that public hire taxis don’t need to be booked in advance, and are licensed to pick up passengers on the street, however, private hire taxis must be pre-booked, and can’t be hailed by passengers on the street.
Why does Taxi Insurance cost more than Car Insurance?
Taxi Insurance tends to cost more than Car Insurance because of the statistically higher risk of having an accident, due to the fact that taxi drivers cover more miles than most motorists. Along with driving more miles, taxi drivers are also likely to have larger vehicles that sit within a higher insurance group.
What does Taxi Insurance cover that Car Insurance doesn’t?
If you work as a taxi driver, a regular Car Insurance policy will not adequately protect you, your vehicle, and your passengers. If you use your car for hire, you must have a suitable Taxi Insurance policy in place.
Do taxi drivers need Public Liability Insurance?
Public Liability Insurance, or Taxi Liability Insurance, protects you and your business against any claims of injury or damage to property by someone in your care. Having this cover can prove invaluable when you consider the risks you’re exposed to as a taxi driver.
Is there an excess on my Taxi Insurance?
Depending on the type of policy that you would like, most of our customers go for comprehensive cover. So on this, you will have a compulsory excess of £250 to £350. However, you can reduce your premium by putting a voluntary excess on. So you could have a whole policy excess of £600 rather than just £350 and this will bring your premium down. Some other people tend to go with a third party, fire and theft to keep their premiums low and you will usually get a compulsory excess of £350.
What about discounts for new taxi drivers?
Yes, introductory discounts are available for new drivers if you are a new badge holder and hold a private car bonus; if it’s being used at the moment or not. If you have had a badge for many years and you have been a named driver on a taxi fleet company, we will be able to offer you a discount on that as well.
How many drivers can I have on my policy?
The majority of policies are either insured only or named drivers but you can have any driver policy if you wish but your insurance premium will increase when you add drivers onto the policy. Your quote will depend on the number of drivers, their age and also their no claims history.
Can I use my taxi no claims bonus?
Yes, you can use your taxi insurance no claims bonus to earn a discount on your taxi policy
Our partners can provide discounts for experienced Taxi Drivers – this includes holding a taxi badge for over 12 months or any no claims bonus you have from previous policies.
What cover can I get for my quote?
UK Taxi insurance follows the traditional options:
- Third-Party Fire and Theft
- Third-Party Only
Will taxi fleet insurance be the best option if I have more than one taxi?
Taxi Fleet insurance is a specialist area and we have a specialist taxi fleet insurance team who deal with fleet insurance every day
National Private Hire Association – The NPHA is an organisation that provides useful support and help for cabbies everywhere.
Licensed Taxi Drivers’ Association – A membership group for taxi drivers, the LTDA is also a support group for those that work in the trade.