Pay as you go (PAYG) Taxi Insurance

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Pay as you go (PAYG) Taxi Insurance

Temporary Taxi and Private Hire Insurance

Uber has transformed the customer experience to finding a ride home, we no longer need to flag down a taxi or call a taxi base, simply request a private diver via the Uber app. This has opened the opportunity for many to become part time drivers and earn some additional income.

Short term taxi insurance is a policy type aimed at those drivers that provide this service on a temporary basis to supplement income, for example over the Christmas period. This type of policy can also be referred to as pay as you go taxi insurance. The product is a great alternative to taking out an annual policy and should be more cost effective if you only operate a few week or even a few months during the year. Best to work this out in advance and compare both options.  

What does taxi insurance cover

Taxi insurance provides cover for providing a hire and reward insurance to private or public customers. Private taxis must be ordered and can not be hailed down, unlike for example black taxi’s in Belfast.

Taxi Drivers full or part time will legally need vehicle insurance and should give very strong consideration to public liability insurance

Vehicle Insurance

The Vehicle insurance element is available at 3 levels, similar to standard car insurance 

  • Third party only – this is the legal minimum required, and cover is only provided to the other party. This does not provide any cover to your taxi or private hire vehicle.
  • Third party with fire and theft – Same as third party, but this time you will have cover if your taxi is stolen or is damaged by fire.
  • Comprehensive Cover  – Add additional cover for your own vehicle and property in the event of an incident.

Pay as you use Taxi Insurance

Eamonn Turley - OneClickInsure.co.uk

About the Author: Eamonn Turley

Eamonn Turley is the founder of OneClickInsure.co.uk, an independent price comparison platform that helps users across the UK and Northern Ireland explore a range of insurance options quickly and easily. Eamonn specialises in presenting clear, straightforward information so users can compare policies with confidence and make informed decisions based on their own needs and circumstances.

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