Driving a taxi anywhere comes with certain risks, and all the more so when navigating Boston’s busy streets or the Northeast’s icy winter roads. Taxi insurance won’t prevent drivers from being in accidents or other things happening. If a Massachusetts taxi driver is ever in an accident, though, having insurance could provide valuable financial protection.
Taxi insurance provides tailored commercial auto coverage for taxi cab operators. Policies can provide a variety of important coverages, and cab drivers may customize coverages for their needs.
Most taxi operators in Massachusetts will find that taxi cab insurance best suits their coverage needs. Policies generally meet state requirements and offer many additional protections.
This includes both companies with fleets of cabs and owner-operators who run just a single cab.
Limousine operators have many of the same coverage needs as taxi operators, and a taxi cab policy might indeed meet a limo operator’s coverage needs. The same is true for black-car drivers, executive transport services, and other professional for-hire cars.
Before purchasing a taxi cab policy, however, limo operators should confirm that a taxi cab policy does have all of the coverage they want. An insurance agent specializing in taxi cab policies can check coverages.
Taxi cab insurance is generally for professional for-hire drivers. Even if rideshare drivers work full-time, they still usually aren’t categorized as traditional professional for-hire drivers.
For this reason, a taxi cab policy usually isn’t the right choice for rideshare drivers. They’re likely better off exploring coverage options through rideshare platforms, a personal auto policy endorsement, or a rideshare insurance policy.
The protections that taxi cab policies offer can vary, but policies generally offer extensive coverage options. Some coverages that might be included as standard or optional features are:
Coverage is readily available for taxi cabs that have ramps, lifts or other accessibility modifications.
Because coverages can vary between policies, though, it’s important to make sure that a chosen policy insures these modifications properly. An experienced insurance agent can help review coverages, and choose a policy that has coverage for accessibility modifications.
The cost of insuring a taxi cab can vary substantially, depending on the car, location served, driver’s history and many other factors. To find out how much insuring their cab or fleet would cost, taxi operators can compare policies with an independent insurance agent.
An independent agent can request custom quotes from several insurance companies, making it easy to see how much each company would charge. The policy with the best coverages and rates can then be chosen.
For help insuring a taxi in Massachusetts, contact the independent insurance agents at Roger Keith & Sons. Our agents have helped many for-hire drivers find insurance for their vehicles and businesses, and we have the expertise necessary to help you find the right taxi insurance for your cabs.