Taxi Insurance Newcastle

In 2025, on average, with a clean record and no convictions, private hire drivers will spend approximately £150 on a 30-day policy or approximately £1500 on an annual policy. Big towns and cities tend to have a higher premium, thus ‌Newcastle drivers can be in the middle-to-high range.

Yes. To get a licence, you need to be aged 18, have a full DVLA driving licence at least 12 months old, a DBS check, and Group 2 medical. A valid certificate of insurance which covers the use of the vehicle in private hire must then be uploaded with the vehicle licence application.

For any licence grant in Newcastle, completion of safeguarding training is a must. It includes:

• Identification of vulnerable passengers.
• What should be done if any concern about the safety of a passenger arises.
• How to report concerns to the appropriate agencies.

You must also take a knowledge test and a medical exam before being issued with your badge. Only then can you start working.

CAZ does not alter your insurance policy directly, but it has an impact on the types of vehicles that can be used as taxis within the area. Any taxi that does not meet either Euro 6 diesel or Euro 4 petrol standards, pay £12.50 per day to enter the Newcastle CAZ. Drivers licensed by Newcastle, Gateshead, or North Tyneside can be granted a local discount licence at a cost of £50 for seven days.

The highest level is comprehensive and includes most accident cases, such as damage to your own car. Third-Party, Fire, and Theft includes damage to others, and also fire and theft of your cab. It does not cover accidental damage to your vehicle. Third-party is only a legal minimum, but does not cover your own vehicle at all.

The postcode, driving history, points or convictions, and the hours you work all influence your premium. Night and early morning shifts are normally more expensive as the risk of driving is more dangerous. So does the age and value of your car. The routes around the city-centre of Newcastle are more risky than the suburban ones, which are insured accordingly.

Yes, when you have three or more taxis in your business, fleet insurance provides coverage to all the vehicles in a single policy. It is easier to manage and, at times, cheaper compared to individual policies. A multi-vehicle policy is available on up to four vehicles. If you have five or more, then specialist fleet insurance is the way to go.

Yes, introductory cover is provided to new badge holders provided they have a private car no-claims bonus, although not necessarily in use, on an active policy. You will get higher premiums at the start because you bring an unknown risk for insurers. The best way to reduce your renewal cost is by accruing a clean claims history in your first year.

Making payments once a year eliminates interest payments. Parking your car on a driveway or in a locked garage minimises the chances of theft. An approved immobiliser or tracker signals reduced risk to insurers. Cumulative accumulation of taxi-specific no-claims bonus annually provides the best long-term savings.