Taxi Insurance

Taxi insurance is a type of for-hire livery coverage designed to protect taxi drivers, their vehicles and passengers. Taxi services differ from limo, black car and ridesharing businesses because their fares and pickup locations are often random and unscheduled, and they don’t use luxury vehicles. This creates a different type of insurance risk.

Taxi insurance covers more than traditional taxi cab operations. It also includes other businesses, such as airport shuttle services, sightseeing tours and certain rideshare risks.

Small business owner inspects black cars with taxi insurance

Taxi insurance requirements

Your insurance company and the state you work in may have taxi insurance requirements you must meet. They can vary based on a variety of factors that include:

  • City and state of operation –Every state has its own set of rules.
  • Age and type of vehicle – Older cars may not be acceptable to some insurers.
  • Driver’s age and driving history – Younger drivers might affect your eligibility.

Check with your local Department of Motor Vehicles (DMV) to learn more about the state-specific requirements. Ask your insurance company about its requirements.

Taxi insurance cost

The cost of commercial taxi insurance considers many rating factors. Some of these include:

  • Your location of operation
  • Your driving record
  • The type and age of vehicle(s)
  • The types and amount of coverage

Taxi insurance rates may also vary if you buy your policy through a broker, an agent or directly through an insurance company. It’s important to have a policy that both fits your budget and provides adequate protection.

Get a taxi insurance quote

Find out if we currently offer taxi insurance in your state.

Call today to speak with a licensed expert who can help answer your questions and guide you through a taxi insurance quote that meets your business needs.

More information

Black car with taxi insurance drives on busy city street

Protect your taxi business with a commercial auto policy

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