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Learn about the financial considerations of buying a taxi. Discover if buying new or used, luxury or functional, and financing or outright purchase is the right choice for you.

We’ve all heard stories of how the taxi industry is going through a rapid period of change right now. These changes are fuelled by technology – the increasing use of taxi-hailing apps like Uber and fleet management software which allows taxi companies to track how efficiently their cars are being run.

There are around 284,000 licensed taxis in the UK, most of which operate as sole traders, relying purely on their own hard work to make a living. However, there are also many taxi businesses running successful fleets. 

If you work as a taxi driver, a regular car insurance policy will not be enough to protect you, your car and your customers. You will need a specific taxi insurance policy depending on what type of taxi you drive, either a public hire or private hire taxi.

Developing an app for your taxi business is just one of the essentials you need nowadays, along with things like a fast-loading website and good taxi fleet insurance. Taxi Insurer can help you with the latter, comparing quotes to get you the best deal.

So you’re thinking of becoming a taxi driver? Whether you’re hoping to drive a public or private hire vehicle, it’s a great job for the right person, putting you in the driving seat of your own career – quite literally.  Read on for our top 10 plus points of cab driving.