If you are a taxi driver then you may find it of interest to read that the average cost of insuring a car has fallen for yet another quarter according to the confused.com Car Insurance Price Index. In the 3 months to November 2025 the average premium paid by drivers to insure their cars amounted to £726 per annum. 12 months ago, the average car insurance premium totalled £837 per annum so that is a reduction of £an average of £111 per annum. In percentage terms, this equates to a fall of 13% – a sizeable drop and one that will be welcomed by many people considering the difficult financial climate here in the UK.

It is no secret that motor insurance companies take into account a number of factors before deciding how much they will charge you for your car insurance. For instance, the make and model of car, its value, how many miles you estimate you will drive in the car every year, your age and where you live.

If we look at the age of a motorist, it will probably not surprise you to read that insurers tend to charge the younger, in-experienced driver more to insure their car than an older more experienced motorist. For example, on average an 18 year old pays more to insure his or her car than any other age with premiums averaging £2,262 per annum. This is £504 less than a year ago. A 40 to 49 year old driver paid an average of £703 per annum compared to an average of £803 per annum a year ago. As you can see, there is a big difference.

Where you live is also a factor in deciding how much an insurance company will charge you to insure your car. For example. Inner London is the most expensive region to insure a car with premiums averaging £1,119 per annum. In the West Midlands premiums average £875 per annum and in Manchester and Merseyside an average of £836 per annum. The cheapest region is the South West with car insurance premiums averaging £500 per annum.

If your existing taxi insurance is shortly coming up for renewal or you are looking to insure your taxi for the first time having just set up such a business why not get in contact with us to obtain a competitive taxi insurance quote.