![]() Vehicle Type, Age, Value, Features, Etc.Where you fall on the spectrum of expense is contingent upon several factors. If you are looking for affordable taxi insurance, we offer competitive rates in Alabama, New Jersey, and Pennsylvania. ![]() While we can’t provide specifics without speaking to you, taxi insurance typically runs around $350 to $783 per month. Taxi insurance is generally more expensive than car insurance. Uninsured and Underinsured Motorist Coverage.General Liability Coverage to Protect From Non-Automobile Accidents.Liability Coverage to Protect From Accidents.Second, the policy should provide liability coverage with minimums that meet your state’s public service commission. Taxi insurance must address the liability created by working in unpredictably.įirst, your coverage should ensure that you’re protected from business interruption. In addition to meeting state requirements, taxi drivers also need to meet their broker’s minimum requirements to work.Īt LAP, we know that the process of navigating regulatory bodies is challenging, but our team carries over 35 years of transportation industry experience. Insurance requirements for taxis are set by your local authorities, such as the DMV, and vary by state. For example, shuttle services at hotels, airports, hospitals, clubs, churches, and small businesses. Taxi insurance can cover other commercial transportation vehicles that meet the same criteria. The primary differentiator is that public hire taxis don’t offer a pre-arranged service (unless sent by dispatch), and they don’t use a luxury vehicle. Taxi insurance is different than NEMT, black car, rideshare, and limo insurance. Do I Need Taxi Insurance?Īnyone who wants to transport passengers for-hire (paid service) using a taxi must acquire taxi insurance. Taxi Insurance can be confusing due to the industry’s unique complexities, which is why we’re prepared with industry veterans to help you navigate the process. It protects taxi drivers, their vehicles, and passengers. Taxi Insurance is a form of livery insurance that falls under the commercial auto umbrella.
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