Taxi Car Insurance
Flexible installments to pay later with
And
Regulated by the Government of Dubai
The number of people who use taxis in the UAE as a means of transportation is increasing each year. Take Dubai as an example. According to a report in 2023, there were around 46 million taxi trips in Dubai alone, and the number of taxis in the city has been estimated to be around 12,000. As you can see, taxis are quite common and popular among UAE citizens. This could be due to their 24/7 availability or people finding them reliable and safe.
As a taxi owner, you must know that having insurance UAE is a legal requirement. The most important step for you is to choose a trusted and convenient insurance provider. That’s where Lookinsure plays a significant role in your journey to find and select the best plan for your taxi car insurance. Lookinsure is the most reliable option for you when buying taxi insurance online. Lookinsure offers you a wide range of options for any taxi model you can imagine with peace of mind. Whether you own a Toyota Camry or a Kia Optima, Lookinsure guarantees support for your taxi auto.
When you try to buy Taxi insurance you will realize that they can be slightly different from regular policies, and there are good reasons for that. The most significant is the usage. Taxis are by definition almost always on the road, and it is just simple mathematics: the more time you spend on the road, the higher is the risk of having an accident. And this risk is what determines your premium.
In the following chapter you will learn all there is to know about insuring your cab, from pricing to how to get taxi insurance online quote instant.
Types of Taxi Car Insurance Plans in UAE
In the previous section, I mentioned flexibility and affordability as two perks of Lookinsure. Let us elaborate on the range of coverage you offer for your taxi auto insurance
Comprehensive Taxi Car Insurance
As you can tell from the name, this one gives you extensive protection. It is handy for a wide range of incidents in which your vehicle might be involved, such as road accidents, theft, fire, or natural disasters. If you’re looking for full protection for your taxi on the road, this is an option Lookinsure suggests.
Third-Party Taxi Auto Insurance
Our customers like this option because of its practicality and affordability. It ensures your vehicle has the basic coverage that is also legally mandatory. It provides third party liability insurance. In other words, it will cover you in case of damages or injuries to third parties, whether human individuals or property. We suggest this option to owners who want to keep their taxi car insurance prices low but still care about their basic coverage.
Taxi Gap Insurance
Let's use a real-life example to understand this better. Imagine you purchase a taxi, such as a Toyota Camry, for AED 100,000, and you still owe AED 70,000 on your loan. Unfortunately, the taxi is involved in an accident, resulting in a total loss. Under a standard car insurance Dubai policy, the insurance payout would be AED 50,000, while your remaining loan balance is AED 70,000. This creates a gap of AED 20,000.
Without financial protection from Taxi Gap Insurance, you would have to cover this AED 20,000 yourself. However, if you opt for this insurance, you won’t need to worry about the shortfall.
Add-ons for Taxi Cars
You're in the right place if you’re looking for something more. Certain additional options will bring you more financial support and peace of mind. This is one of the advantages of Lookinsure—extra items that make your taxi vehicle insurance customizable. Let’s see a list of these add-ons, and remember that this is just a few of them:
- Roadside assistance: Helps you if you are stranded on the road and your car breaks down
- Consumables cover: Covers the cost of consumable parts used in repairing your car
- Protected no claims
- Engine protection cover: If a mechanical issue comes up with your car's engine, this will save you money
- Breakdown cover: Helps you in case your breaks down because of mechanical or electrical issues
- Key replacement cover: Covers you in case you lose the keys to your car
What are Covered and Not Covered Under Taxi Insurance?
When you buy taxi insurance, it’s important to understand what protections you’re actually getting and what exclusions might apply. Taxi policies are usually broader than standard car insurance because of the commercial usage, but there are still limits you should know.
What’s Covered
- Third-party liability for injuries and property damage
- Passenger liability coverage
- Medical expenses for driver and passengers
- Damage to your taxi due to accidents
- Fire and theft protection
- Natural calamities (flood, storm, etc.)
- Personal accident cover for the driver
What’s Not Covered
- Damage when driving without a valid license
- Accidents under the influence of alcohol or drugs
- Normal wear and tear of the vehicle
- Mechanical or electrical breakdowns
- Using the taxi outside the agreed geographical area
- Unauthorized modifications without disclosure to the insurer
Taxi Car Insurance Price in UAE
To estimate the cost of taxi insurance in the UAE, you must consider many factors. Let me elaborate on the elements involved.
Model of the Vehicle
It’s important to note that expenses differ by model. Whether we are talking about commercial vehicle insurance for taxi or private hire taxi insurance, each model has its pricing. Getting taxi insurance quotes will help you compare prices.
Type of Coverage
Each coverage option you choose will have a different price. The full coverage option is a little more expensive, while the third-party coverage is more budget-friendly. Additionally, if you consider add-ons for your insurance plan, that will also affect the final price.
Personal Factors
Other than the factors you personally choose, other things directly affect your taxi car insurance price, such as your driving history or experience.
Model | Comprehensive option | Third-party option |
Toyota Camry | Starting from: AED 1,706.25/year | Starting from: AED 630/year |
Hyundai Sonata | Starting from: AED 1,680/year | Starting from: AED 630/year |
If you want more information about your taxi model, you can get taxi insurance quotes from Lookinsure’s website.
Factors Affecting Taxi Car Insurance Premium
As we mentioned above, the usage of a taxi makes it a little different to insure compared to a private vehicle. Since taxis are on the road for longer hours and carry passengers, insurers see them as higher risk. But beyond usage, several other factors can also determine the cost of your premium.
These include the driver’s age and experience, claims history, the type of coverage you choose, the make and model of your car (for example, a Fiat auto insurance policy may differ from another brand), and even the city where your taxi is operating. Comparing a Taxi insurance online quote instant with different providers can help you see how these factors affect your final premium.
Cheap Taxi Insurance – How to Save More
Running a taxi business is already expensive, so saving on insurance makes a big difference. The good news is there are several strategies to keep your policy affordable.
- No Claim Bonus (NCB): If you maintain a clean driving record without claims, you can earn discounts on renewals.
- Compare Policies Online: Using websites like Lookinsure makes it easy to compare different plans and buy taxi insurance online at the best rates.
- Higher Deductible: Choosing a higher deductible lowers your premium, which works well if you’re confident your usage won’t lead to frequent accidents.
- Third-Party Liability Policies: Opting for a TPL-only plan instead of full coverage is the cheapest way to insure your taxi.
Remember, whether you’re looking to buy taxi insurance for a single car or a fleet, you can save even more by checking a Taxi insurance online quote instant before making your decision.
How to Buy Taxi Car Insurance Online with Lookinsure
As mentioned before, Lookinsure provides a straightforward path to get what you want without wasting time or energy. Here is a step-by-step guide to buy Taxi insurance online via Lookinsure:
- Visit Lookinsure’s website for the “Taxi Auto Insurance” section. Select it.
- Enter the details related to your vehicle and the type of coverage you prefer.
- Compare taxi insurance quotes and see which suits you. Select the one that matches your preferences and situation.
- Pay online. The good news is that you will receive your policy via email once the payment is made. Easy.
Taxi Car Insurance Renewal Online
The steps for auto taxi insurance renewal are very effortless. You need to follow a similar process.
- Go to your Lookinsure account and review your profile. You can find information about your previous policy there.
- Choose the policy you want to renew and update the details if necessary.
- Online payment is made on a very safe and secure platform. There you go. You get a confirmation immediately after the payment is made.
Top Taxi Car Insurance Providers in the UAE
Lookinsure works with the best insurance providers in the United Arab Emirates to help provide those who are looking to buy Taxi insurance online with the best options. Here are some of the best ones:
Orient Insurance Company has established itself as a leading provider in the UAE, delivering comprehensive insurance solutions since its inception. Focusing on customer satisfaction, it offers a wide range of products tailored to diverse needs. | |
Founded in 1979, Al Sagr Insurance Company prides itself on its reliability and commitment to excellence. The company provides innovative insurance solutions supported by a team of experienced professionals dedicated to assisting clients with their insurance needs. | |
Sukoon Insurance Company aims to simplify the insurance experience with user-friendly solutions, focusing on providing peace of mind to its customers. Their digital-first approach makes purchasing and managing insurance effortless and efficient. | |
Salama Insurance Company, a market leader in Takaful insurance, combines traditional values with modern needs. |
Documents Required for Taxi Car Insurance
The main required documents for getting taxi vehicle insurance in the United Arab Emirates are as follows:
- A driving license
- Mulkiya (copy of your taxi auto registration card)
- Emirates ID
- (In certain cases, a police clearance certificate may also be needed)
Investing in a taxi vehicle is a wise decision. It’s also important to ensure the financial security of your taxi auto as a taxi owner in the UAE. Lookinsure provides budget-friendly assistance so you can get what you need without going through time-consuming processes. Our personalized plans will guarantee your financial safety when it comes to your taxi auto. We are always here to support you.
How to Make Taxi Car Insurance Claim?
When you buy taxi insurance, you do so because you don't want to be solely responsible for the cost of damages suffered by your vehicle or that of a third party. This is all that insurance is about. So making a claim is a very important process and the smallest errors in this process can delay reimbursements or worst nullify the claim altogether.
