Towergate Taxi Insurance
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Why Compare Towergate Taxi Insurance With SimplyQuote?
Running a taxi business or working for yourself as a taxi driver can be incredibly stressful. You’re always off to collect the next fare, and you barely have time to think about anything else!
The last thing you should worry about is getting or renewing your taxi insurance policy from Towergate.
Fortunately, SimplyQuote has made it quick to compare insurance quotes. The free, online, no-obligation comparison tool allows you to find and compare insurance deals from Towergate Insurance in minutes.
Finding affordable taxi insurance has never been this simple.
What Do You Need To Get An Insurance Quote?
You need to provide the following information to receive a taxi insurance quote:
- Personal details – your name, surname and age
- Taxi service or business details – working hours, full-time or part-time, annual mileage, location
- Licence details – UK or EU driving licence, driving history and experience, driving offences
- Vehicle details – type, age, value, size and registration
- Insurance details – claims history
- Policy details – the type and level of cover you’re interested in
Who Are Towergate Insurance?
Towergate Insurance was started in 1997, and today it’s a leading insurance provider in the UK, having acquired more than 300 insurance brokers. The company is part of The Ardonagh Group – the UK’s largest independent broker.
Towergate offers the following insurance products:
- Home and property
- Lifestyle (including boat and caravan)
- Commercial property
- Business
- Care and medical
- Motor (personal and business use)
They have over 200 insurance policies tailored to the needs of their clients, with helpful advisors who are on standby to answer any questions.
Towergate Insurance at a glance
- 4.2/5 star Trustpilot rating, (with 1,600+ reviews)
- 4.6/5 star Feefo rating (with over 28,000 reviews; 4,330+ in the past year)
- Over 58 million policies issued
- Over 1,400 employees across five continents
- “Excellent cover at affordable prices. Excellent service.” – Mr Anthony Tollast, June 2024
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Why Do Taxi Drivers Need Insurance In The UK?
You are legally required to have [car insurance] to drive on public roads in the UK.
If you transport passengers, you also need taxi insurance as a legal requirement.
There are two types of taxi insurance:
- Public hire insurance: This insurance applies to taxi drivers who transport passengers from taxi ranks or who hail a cab on the street.
- Private hire insurance: This insurance covers drivers who pick up and transport pre-booked passengers, e.g. Uber or through a taxi company’s website.
Taxi insurance ensures that you’re financially protected should you be involved in an accident or injure a third party (or cause damage to their property).
Note: Social, domestic & pleasure (SD&P) car insurance policies will not cover you as a taxi driver.
Who can get taxi insurance from Towergate Insurance?
- Drivers aged 25 or older (specialised policies can be created for drivers older than 21)
- Holds a valid taxi licence
- Taxi drivers, taxi fleet owners, or chauffeurs
What Does Towergate Taxi Insurance Cover?
Towergate’s taxi insurance policies cover the following:
- Public liability insurance – Protects the driver or taxi business owner from accidents involving members of the public.
- Passenger liability insurance – Covers accidents or injuries suffered by passengers in the care of the taxi driver.
- Access to taxi repair network – Towergate’s cover includes access to a network of breakdown garages (as part of breakdown cover) that have been pre-approved by the insurers.
What’s not covered?
- Standard wear and tear
- Driving under the influence of alcohol or drugs
- Driving without a valid licence
- Malicious damage
- Unnamed drivers
- Damage caused due to negligence (e.g. forgetting the keys in the car and it being stolen)
What Types Of Taxi Insurance Does Towergate Offer?
Towergate offers the following types of taxi insurance:
Taxi driver insurance
This insurance provides cover for taxi drivers and private hire vehicle drivers who work in the UK. It includes public liability insurance and covers damages or injuries caused to passengers.
Chauffeur insurance
Chauffeur insurance policies cover various types of vehicles, including prestige cars, luxury saloons and limousines. It also includes third-party cover, passenger liability and public liability.
It doesn’t include public hire cover.
Taxi fleet insurance
You’ll want taxi leet insurance if you wish to insure five or more taxi vehicles. It covers a range of vehicle types, including:
- Minibuses
- Coaches
- Saloons
- People carriers
- Hatchbacks
This type of insurance also includes employers liability insurance if you employ any taxi drivers.
Public liability insurance
This insurance comes standard with most taxi policies. It provides cover should members of the public be injured or their property damaged due to your actions.
What Levels Of Towergate Taxi Insurance Are Available?
Towergate taxi insurance is available in three levels:
- Third-party only (TPO): This insurance is a minimum legal requirement in the UK. It covers damage or injury to third parties, but neither you nor your taxi will be covered if you caused the accident.
- Third-party, fire and theft (TPFT): Same level of cover as TPO, and you’ll be compensated if your taxi is damaged in a fire or stolen.
- Comprehensive cover: Same level of cover as TPFT, as well as additional cover like breakdown cover, personal injury cover, and legal expenses.
Which Optional Extras Are Available For Towergate Taxi Insurance?
You can add the following optional extras to your policy for more comprehensive cover:
Courtesy vehicle
In case your taxi can’t be driven due to an accident.
24-hour claims assistance
There’s a dedicated team ready to help.
Home start recovery
If you can’t get your taxi vehicle to start.
Personal use
Covers you when you use your vehicle for social, domestic, or pleasure purposes.
Key cover
Covers the cost of repairing or replacing your keys or locks.
Onward transport and car hire
Financially compensates you if your car breaks down while travelling.
How Much Does Towergate Taxi Insurance Cost?
Towergate taxi insurance policies start off at approximately £1,500 per year.
This is for basic cover and excludes optional add-ons. More comprehensive cover can set you back more than £3,000 a year.
Which factors influence the cost of taxi insurance premiums?
- Driver age
- Vehicle type and value
- Annual mileage
- Claims history
- Driving offences
- Location
- Passenger capacity
How Can You Reduce Your Taxi Insurance Rates?
It’s simple to reduce your premiums with these tips from SimplyQuote:
- Shop around – Compare different insurance policies from Towergate with the help of SimplyQuote.
- Don’t overinsure – Only get the cover you need – don’t add on unnecessary extras as it will push up your premiums.
- Improve vehicle security – Install a dashcam, central locking, immobiliser and alarm.
- Park in a secure spot – Ensure the taxi is parked in a locked garage or behind a fence at night.
- Change your vehicle – Opt for a lower value or smaller vehicle.
- Pay annually – It means you won’t pay interest on monthly payments.
- Increase your excess – The more you’re willing to pay if you have to make a claim, the lower your premiums will be.
- Change where you drive – Drivers who work in rural areas tend to have lower premiums than those who work in high-crime, high-traffic regions.
- Consider telematics – Telematics, or black box, devices monitor how you drive. The less risky of a driver you are, the lower your insurance costs will be.
How To Compare Towergate Taxi Insurance Quotes With SimplyQuote?
Compare Towergate insurance quotes with SimplyQuote in just four steps:
- Fill in our online form and provide us with your personal and taxi details.
- Select your level of cover and policy add-ons.
- Find an affordable quote that meets your needs.
- Start saving money by getting the best deal today!
Frequently Asked Questions
Passenger liability cover is a must and is provided as part of every taxi insurance policy in the UK.
Most taxi licensing authorities won’t require you to have public liability insurance unless you are contracted by your local council. However, it is recommended that you get public liability cover should you injure a member of the public due to unforeseen circumstances.
Towergate Insurance accepts various payment offers, including Direct Debit which allows you to pay our annual policy over monthly instalments.
Their head offices are located at:
2 Minster Court
Mincing Lane
London
EC3R 7PD