Liverpool Taxi Insurance

Liverpool taxi insurance is a form of insurance designed specifically for taxi drivers operating within the city. It provides important coverage for both private hire taxi drivers and public hire taxi operators, ensuring they comply with legal requirements while protecting themselves, their vehicles, passengers, and third parties.

Unlike standard car insurance, Liverpool taxi insurance takes into account the unique risks associated with carrying passengers for hire and reward, such as increased mileage, passenger liability, and the higher risk of accidents in busy urban environments.

Liverpool taxi insurance is meticulously crafted to address the unique requirements and risks associated with operating a taxi service. Both public hire and private hire vehicles must be properly licensed and insured according to the requirements of the local licensing authority.

Unlike conventional car insurance, which primarily covers personal use, taxi insurance encompasses both public hire (such as black cabs) and private hire vehicles (like minicabs). This distinction ensures that drivers are adequately protected while transporting passengers for a fee.

Taxi insurance in Liverpool offers various levels of cover to suit the diverse needs of taxi drivers and operators. The main levels of cover include:

• Third Party Only (TPO): This is the minimum legal requirement for taxi insurance. It covers injury to other people and damage to their property caused by your taxi, but it does not cover any damage to your own vehicle. While this option may be cheaper, it can leave you financially vulnerable in case of an accident affecting your taxi.

• Third Party, Fire and Theft (TPFT): This level of cover includes everything in Third Party Only insurance, plus protection against fire damage to your taxi and theft of your vehicle. It provides additional security for your investment without the higher cost of comprehensive cover.

• Comprehensive Cover: This is the most extensive level of insurance available. It covers third party injury and property damage, fire, theft, and also damage to your own vehicle regardless of who is at fault.

Yes, you can apply for a quote on our callback form.

The average cost of taxi insurance in Liverpool, as well as taxi fares per mile in the UK, can vary widely depending on several factors:

• The type of taxi insurance policy you choose

• Whether you are a private hire driver or a public hire taxi operator

• The type and age of the vehicle

• Your driving history

• The level of coverage selected

There are several types of taxi insurance available in Liverpool, each designed to meet the specific requirements of different taxi operations. The main types include:

1. Public Hire Insurance: This type of insurance is for taxis that can be hailed directly from the street or from designated taxi ranks. Vehicles covered under public hire insurance are typically the traditional black cabs or other taxis licensed for public hire. This insurance ensures coverage for carrying passengers who are picked up without prior booking.

2. Private Hire Taxi Insurance: Private hire taxi insurance is tailored for vehicles that must be pre-booked before carrying passengers. These private hire vehicles (PHVs) cannot legally pick up passengers from the street or taxi ranks without a prior booking. This insurance covers drivers working for private hire companies or ride-hailing apps, protecting both the driver and passengers during pre-arranged journeys.

3. Taxi fleet insurance: For businesses operating multiple taxis, taxi fleet insurance offers a convenient and cost-effective way to cover all vehicles under a single policy. This type of insurance simplifies management and may provide savings compared to insuring each vehicle separately.

You may be able to get taxi insurance cover providing you meet the following criteria* (make sure to review whether taxi insurance covers food delivery in the UK before proceeding):

• Are aged between 21-75

• Hold a public hire taxi badge, or

• Hold a private hire taxi badge

• 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

*Even if you meet the criteria list, it is possible that you will not be eligible to receive insurance coverage due to another reason that is not listed.