Do taxi drivers need special insurance?

Taxi insurance is a specialist vehicle insurance policy designed to cover cars for commercial hire. This type of insurance covers public or private hire usage, and will usually include public liability insurance to cover you against any claims from the public that could arise as a result of your vehicle or driving.

Can I drive a taxi on normal insurance?

What does Taxi Insurance cover that Car Insurance doesn't? Put simply, 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 pay their own insurance?

Yes, taxis do require a special type of insurance, commonly referred to as 'hire and reward' (or H&R for short). This insurance is specifically tailored for vehicles that transport passengers for a fee.

Do you need public liability insurance for a taxi?

If you currently have – or are looking to take on – work that would benefit from public liability cover, it is your legal and moral responsibility to take out public liability insurance for your taxi. This means you will require a public liability cover policy in addition to your standard taxi insurance.

How much is taxi insurance UK?

So how much does taxi insurance cost? On average, private hire taxi drivers with a clean driving record, good claims history and no convictions can expect to pay around £180–£200 for a 30-day taxi insurance policy, or around £1,600–£1,800 for an annual policy*.

Insurances Required for Taxi Drivers | Video 21 | PASS TAXI

What kind of insurance do I need for a taxi?

Private hire insurance is sometimes called taxi insurance, minibus insurance or PCO insurance — it's specifically for people who drive passengers for a living. Your standard motor insurance (known as social, domestic and pleasure) does not cover this type of business activity.

What insurance do you need to be a taxi driver UK?

If you can pick up customers from the street (think London black cabs and purpose-built taxi vehicles) you'll need public hire insurance. That's because private hire insurance only covers pre-arranged appointments from a selected pick up point, like minicab drivers or airport pickup companies.

What can taxi drivers claim for?

Do taxi drivers need their own car?

Self-employed taxi drivers usually need to own a vehicle, so you'll find a range of buying and leasing options available online. Alternatively, if you work for a private hire firm, they may have a fleet of vehicles available to use. Check with your local operators if this is an option.

What happens if I don't have public liability insurance?

If you don't have public liability cover, and you were found legally liable for an incident, you may not be able to afford the legal costs associated with defending a claim or paying damages.

Can you claim if your taxi crashes?

If you were a passenger injured whist travelling in a taxi you could be eligible to make a compensation claim. If the accident was caused due to the negligence of the other vehicle that the taxi collided with your claim would be pursued against the other drivers insurance.

How to get cheap taxi insurance?

Do taxi drivers pay road tax?

Vehicle Excise Duty (VED) – or road tax, as everyone outside the DVLA calls it – is paid by all vehicles on public roads. As a taxi driver, you'll usually have years of driving experience, and so will already be used to paying it. But in case you're confused, here's a quick guide to how it works.

Can my wife drive my taxi?

Could my spouse drive the taxi for non-work related purposes? Yes, you can get your spouse insured on your taxi, but first make sure your licensing authority allows this or that your partner is a licensed private or public hire driver. If they are not, they may be unable to drive your taxi.

Can my friend drive my taxi?

A named driver is someone who is insured to drive a vehicle in which another person does most of the driving. When the named driver is driving the vehicle, they will have the same level of cover as the main driver.

Can I use Cat N for taxi?

The Category N is classed as the lesser damage, so if you were going to buy a taxi with a history of this kind, this is the one you would need to buy. When buying the cab, you will need to follow certain guidance to have the taxi licenced.

Is it worth becoming a taxi driver UK?

Making money

According to the National Careers Service, an experienced taxi driver working around 40 hours a week might expect to make around £30,000 per year. As a one-person business, it's largely down to you. If you're prepared to put in the hours and work at anti-social times, your profits could soar.

How long does it take to become a taxi driver UK?

To become a taxi driver, it usually takes between 12 and 16 weeks if you apply directly to your local authority. If you decide to take a college course before applying for your taxi driver's licence, you're usually looking at a couple of days to complete a Level 2 NVQ.

How many hours do taxi drivers work?

Hours. This job allows you to choose your hours, but you will find more work in the evenings and at weekends. Friday and Saturday evenings would be your busiest times. You would work between 40 and 60 hours a week if full-time.

Do Uber report income to HMRC?

New regulations from January 1 will require digital platforms such as eBay, Uber and Airbnb to report information about the income of their users directly to HMRC. Until now, HMRC has been able to request this data on an ad hoc basis, but from January 1 it will start to be given automatically.

Can taxis charge whatever they want?

Who sets taxi fares and tariffs? Local authorities, who license taxis, are responsible for setting the maximum fares that can be charged to passengers. Taxi companies or drivers can set lower fares and offer special discounts if they choose but are unable to charge more than the current maximum.

Do taxi drivers have to pay VAT?

It is the drivers who are providing the services, therefore, VAT is only charged on the taxi fares if the driver is registered for VAT. If the drivers are not registered for VAT, the taxi firm cannot charge VAT or issue a VAT invoice on the driver's behalf for the customers' fares.

Can taxi drivers drive other cars?

In most cases, taxi insurance covers the specific vehicle that's registered and insured under your policy. This means that if you want to drive another car, even temporarily, it may not be automatically covered by your taxi insurance.

How do I become a self employed taxi driver UK?

Do I need private road insurance?

Unlike public roads owned by the local authority, private roads are the responsibility of the owners. If you live on a shared access road, then it's up you to keep the road maintained. It's also important that you have adequate private road insurance that takes into account your legal liability and property.