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Cheap Commercial Auto Insurance For Taxi Cabs

If you drive a Taxi for a living you know how challenging it is to make money in the current environment. With ride-hailing apps gutting your business and municipalities unfairly regulating and taxing your business you need cheap Taxi  Insurance just to survive.

CTA of Contact our expert agents to get an affordable Taxi Cab Insurance policy

At we feel your pain of seeing your medallion/license to operate values plummet. You need to contact one of our expert agents so they can get you an affordable Taxi Cab Insurance policy so you can survive. Keep reading below for more money-saving tips that can benefit you.

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Do I Need Taxi Insurance?

The answer is yes. f you operate a taxi, you must purchase taxi insurance to cover your customers and third parties in case you or one of your drivers causes a bodily injury or property damage. The specific requirements are set by your State Department of Motor Vehicles and any municipalities you are licensed to operate in. It is important to remember that these are just minimum limits. Every situation is different. That is why you need to speak to the experts at They will be able to get you comprehensive and affordable Taxi Insurance coverage that is tailored to your specific needs.

Infographic of Do I need Taxi Insurance

What Type Of Insurance Do I Need To Operate A Taxi?

Whether you own or lease a taxi cab, keeping your taxi fully operational is the top priority. Keeping your taxi with Taxi cab commercial auto insurance is essential in the successful operation of your business. It can also make sure there are no interruptions to your daily income.

Infographic of Taxi cab commercial auto insurance is essential for your business

All States require you to have at least some Taxi Cab insurance. You need to check with the State or municipality you work in to find these minimum requirements. Without Taxi Insurance you can not pick up customers legally. Regardless of the minimum insurance requirements for cabs, you as the owner know that you need the best possible Taxi insurance protection at the lowest possible price. The Taxi insurance you choose for your taxi cab needs to protect you from a number of different financial losses that you may encounter. Having the correct taxi cab insurance will allow your business to survive despite an accident. Some of the types od bas insurance your taxi should have are include:

Liability Insurance

An affordable Taxi Cab liability insurance protects you from monetary losses when you are at fault in an accident. This coverage applies to taxi cabs that you own, lease, or rent. If you get involved in an auto accident with your taxi and are found to be at fault, you will be responsible to pay for any damages to property or bodily injury to third parties. It will also cover the cost of any legal defense that may be required.

Bodily Injury

When you cause an auto accident with your taxi cab, the bodily injury portion of your liability policy will pay for related medical bills and expenses for all third party injuries. Bodily injury coverage will pay for the cost of transportation, emergency medical care expenses, and follow up with a doctor or other necessary treatment costs.

Property Damage

The property damage portion of your Taxi Cab liability insurance policy pays for property damage sustained by third parties in an auto accident. If you caused the accident or are found liable, property damage coverage will pay for the repairs or replacement of the third parties vehicle or property.

Medical Payments

When the other party in an auto accident is not insured or is underinsured, they may not be able to pay for the medical bills that you incur as a result of the accident. By having medical payments coverage as part of your uninsured motorist policy, your Taxi Cab insurance can contribute to the payment of any medical costs that you have as a result of an accident. Medical payment coverage options vary from one state to another. The agents at can help you in determining the medical payment options available to your Taxi business.

Physical Damage Insurance

A Taxi Cab Physical Damage Insurance policy protects your taxi from damages resulting from a covered claim. Taxi Cab Physical Damage Insurance is crucial if you are leasing or financing your taxi cab. If the Taxi is destroyed you will have to pay any outstanding auto loan or lien on your vehicle if you do not have this coverage. It will protect your taxi cab from all kinds of accidents and other incidents such as fire, theft, or vandalism.

Comprehensive Physical Damage Protection

 Comprehensive protection pays the expenses if your taxi is ever damaged by something or someone other than a collision. For example, if your taxi hits a deer or other animal, comprehensive auto insurance will pay for the cost of repairs. It also covers vandalism damage as well.

Collision Damage Protection

If your taxi is involved in a collision such as running into the side of a building, collision damage protection will pay for the cost of repairs. This coverage also pays for repair expenses if your taxi is involved in a rollover accident.

Uninsured or Underinsured Motorist

If your taxi cab has a motor vehicle accident with a person that does not have insurance, you will have to pay for the repairs to your Taxi Cab at your own expense. Further, some people carry liability coverage that may not be sufficient to cover all the damages you sustain. You can guard against these situations by purchasing Taxi Cab uninsured and underinsured motorist coverage.
The Taxicab insurance options for uninsured and underinsured motorist protection vary by state, and usually include the following:

Bodily injury

Bodily injury coverage on an uninsured motorist policy protects you and your passengers if you sustain bodily injury from an auto accident and the responsible person/party does not have insurance or does not have enough insurance coverage to cover the cost of the injuries

Property damage

Property damage coverage pays for the expenses involved with repairing or replacing your taxi when it is involved in an auto accident and the responsible party does not have any or enough liability insurance to cover all the damages.

How Much Does Taxi Cab Insurance Cost ?

The cost of Taxi Cab insurance is largely determined by the following factors your driving record/accident history, value of vehicle, the area where you operate and the types of coverages you purchase. If you are the owner operator  of a single Taxi you only need primary liability. If on the other hand you own many cabs and operate a dispatch service, you need to get general liability insurance. Since you have employees you will need workers’ compensation insurance as well.

Table of Taxi Insuance
We have experienced team members that can analyze and recommend the appropriate coverage for your Taxi Cab Insurance needs. Whether you just operate your own taxi cab or twenty five, all Taxi business’s  need to have some type of protection. We can help protect your assets by hailing you a quality affordable Taxi Cab insurance policy. We are here to help customize that coverage to your needs.

  • Our team members are professional and knowledgeable and able to help you choose the perfect policy for your Taxi Insurance needs.
  • Being a Taxi Cab operator requires specialized a policy to cover your unique needs
  • Flexible agents to work on your time schedule.
  • We provide easy online payment options.
  • We are licensed in all 50 States to offer quality Taxi Cab Insurance.
  • Same day service in most cases.
  • Get you coverage in under an hour in many cases.
  • “A” Rated insurance companies that pay claims quickly.

FarmerBrown.Com has the capability to provide quotes for the hard to place risks and get you insured quickly and conveniently. We have the experience to analyze and recommend the appropriate Low Cost Taxi Cab Insurance Coverage.  Call now to speak with a knowledgeable agent. Our experts can review your needs and get you the proper coverage your business deserves. They will make sure you have the coverage you need at the best price for you. Best of all, you can get a free, no obligation quote in minutes

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By selecting the best policies from the nation’s top insurance carriers FarmerBrown.Com is able to deliver coverage that represents the greatest value for you. You can obtain a Taxi Cab Insurance quote by clicking above, or by calling (888) 973-0016  today to find out more about the extensive insurance programs offered by FarmerBrown.Com to reduce premium cost and risk. Let the FarmerBrown.Com team make obtaining insurance coverage trouble-free. Get the coverage you need at the rates you deserve.

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