I’m in California. I’m working as a cabbie for that big taxi company with the brightly colored cabs. You know, the one everybody thinks of first. I just bought my own taxi car and it’s being converted into a taxi which I will drive for the company.
The boss has given me an insurance card, and he says this is the only insurance I need. But I’m worried about it, because the taxi car will also be used a little as my private vehicle, you know, like to drop off my kid at school, or pick up groceries, etc.
If anyone knowledgeable can shed some light on this for me, I’d appreciate it.
Thank you.
I guess I mean, does the taxi company’s insurance cover me for just liability, or also collision or comprehensive? Does it cover me if I’m not operating as a taxi with a passenger? Like if I’m picking my kid up from school, or going to the grocery store or something.
I guess I mean, does the taxi company’s insurance cover me for just liability, or also collision or comprehensive? Does it cover me if I’m not operating as a taxi with a passenger? Like if I’m picking my kid up from school, or going to the grocery store or something.
The big taxi company will tell you what limits you need.
That taxi company’s insurance isn’t going to cover YOU, at all. It covers THEM. Not you. Not YOUR liability, THEIR liability. YOU need to buy your own commercial auto policy to cover YOUR liability. And then, it will cover you even if you’re using the car for your personal use.
BUT, taxi insurance is really, really, really expensive. Plan on it STARTING at $7,000, for just liability – MINIMUM LIMITS. That’s why this company his hiring you as an owner operator – so YOU pay the liabiltiy, not them. Collision – depends on your cab, but should START at $4,000. Comp is cheaper, probably less than $1,000.
You need a commercial auto policy- usually a local insurance broker handles these. Im think you can look online at progressive or try safeco – or american family. Try asking a broker if they have personal auto policies that have a commercial endorsement. Also try AAA – Alpha Vision – Viking. Hope that helps.. just ask if your confused.
References :
http://www.hcibroker.com
The big taxi company will tell you what limits you need.
That taxi company’s insurance isn’t going to cover YOU, at all. It covers THEM. Not you. Not YOUR liability, THEIR liability. YOU need to buy your own commercial auto policy to cover YOUR liability. And then, it will cover you even if you’re using the car for your personal use.
BUT, taxi insurance is really, really, really expensive. Plan on it STARTING at $7,000, for just liability – MINIMUM LIMITS. That’s why this company his hiring you as an owner operator – so YOU pay the liabiltiy, not them. Collision – depends on your cab, but should START at $4,000. Comp is cheaper, probably less than $1,000.
References :