New York City requires private transportation drivers to carry TLC insurance, unlike many other cities that do not require drivers to have special insurance to drive for rideshare firms. To earn money using a vehicle in this city, you must have TLC insurance, whether you’re operating a limo, taxi, or driving for Uber, Lyft, or Via.
What is the TLC?
The New York City Taxi & Limousine Commission is abbreviated as TLC. Many drivers will use the abbreviation “NY TLC” to refer to their insurance coverage.
The New York City Taxi & Limousine Commission, established in 1971, supervises and licenses all taxis operating in the New York City area. Vehicles and drivers must have a TLC license to transport fare-paying people inside city limits. This is a legal obligation, but it’s also a good thing because it informs passengers that they’re riding with a licensed driver and can expect a pleasant ride.
Do I need TLC insurance?
TLC insurance is a must-have. Without it, it is illegal to operate a taxi or For Hire Vehicle (FHV) in New York City. Because regular personal automobile insurance does not cover incidents when a vehicle is used commercially, the TLC requires all certified drivers to have a minimum amount of liability insurance.
It’s worth noting that the minimum TLC Insurance only covers other people and their property, not your own vehicle. If you don’t have additional collision insurance to cover your own vehicle, you’ll have to pay for repairs yourself. This could cause your car to be taken off the road for an extended period of time, reducing your profits.
Furthermore, failing to maintain minimal liability coverage puts your car’s TLC registration at risk of being cancelled for a month. This can be costly.
What does TLC Insurance cover?
These are known as ‘third party protection’ policies because they cover you financially if you hurt another person or their property (the ‘third party’).
PD is responsible for any injuries or property damage caused by the insured motorist (such as the other guy’s car).
PIP pays for any medical bills, lost wages, and rehabilitation expenditures incurred as a result of an accident. PIP is a ‘no-fault’ plan, which means that the insured driver is always covered, regardless of who is at blame.
If you’re in a car accident with an at-fault driver who doesn’t have liability insurance, UM will cover you.
What is the minimum TLC insurance coverage I need?
The following minimum insurance coverage is required for a TLC vehicle with 1 to 8 seats:
Liability coverage of $100,000 per person, $300,000 per accident, $200,000 personal injury protection, and $10,000 in property damage is required for most classes of cars. Collision coverage can also be combined with liability coverage to make a “full coverage” plan. It’s worth noting that collision coverage is optional, whereas liability coverage is required.
Should I get full coverage TLC insurance?
That depends on how much you’re willing to pay and how much you’re willing to risk. Keep in mind that if you don’t have this coverage, you’ll be responsible for any damages to your own vehicle.
Where do you need TLC insurance?
TLC insurance is required if you want to pick up FHV passengers within the city limits of New York. TLC Insurance is needed insurance for Uber and Lyft drivers, whose normal insurance coverage is not applicable in NYC, regardless of whether you’re driving for a typical FHV firm or a rideshare service.
What does TLC Insurance cost?
There are no “one-size-fits-all” solutions available. The following factors go towards determining a driver’s TLC insurance premiums:
In general, the younger you are or the more serious your criminal history, the higher the fee. Keeping your driver’s license clean and driving safely is consequently crucial it pays off. (In most circumstances, installing a dashcam will reduce your insurance price by roughly 9.5 percent.)
See the graphic for a typical premium on a 2015 Toyota Camry as an example of NYC pricing. This vehicle is being driven by a driver who has had no accidents or points in numerous years of driving. TLC driving experience is also possessed by the driver. (Drivers under the age of 25 usually face a 20 percent increase in the cost of PD.)
How to get a quote for TLC Insurance
The first is the traditional method. This entails going to a broker’s office in person, calling them, or visiting their website. They will request a plethora of personal and vehicle information from you.
After that, you’ll have to wait for them to calculate a quote and email (or mail) it to you. It’s a time-consuming process that can take a few days or even weeks.
It’s completely digital, so you can do everything from your phone. There’s no need to pay someone a visit or make any phone calls. It’s a more efficient process that involves less information from you, and you usually have your policy, not just a quote, in minutes.
It is entirely up to you to decide which path to take. The first way is for you if you enjoy conversing on the phone or sitting across a desk. The INSHUR app is the way to go if you prefer to get things done quickly and go on with your day.
What if I’m a new driver?
If you’re new to the FHV industry and plan to do business in New York, you’ll need to get your TLC license and vehicle plate first before applying for insurance. TLC has minimum eligibility requirements for drivers – see the FAQ guide below for more information. You may also learn more about how to get a TLC driver’s license by reading our step-by-step guide: How to Get a TLC Driver’s License.
What car do I need to be a TLC driver?
If you want to get your coverage the old fashioned way, by contacting a broker, calling, or filling out an internet application, check the section above titled ‘What information is required to obtain a TLC insurance quote?’ To get the procedure started, you’ll need everything.
If you want to acquire your coverage quickly and easily with the INSHUR app, simply follow these steps on your smartphone.
- The INSHUR app is available for free download. (It’s available on Google Play and the Apple App Store.)
- Open the app and fill in your basic contact/account information, such as your first name, email address, and password.
- Take a picture of the front of the TLC license as well as the barcode on the back. This allows the INSHUR app to search the TLC and DMV databases for any vehicle associated with you.
- Request a quotation and select from three different coverage choices (silver, gold, platinum.)
- Choose a policy and a start date, as well as the sort of payment plan you want to use.
- If you have one, submit it to get a reward for the person who referred you.
What is a TLC policy?
TLC insurance is a type of insurance that the New York City Taxi and Limousine Commission requires (TLC). If you wish to pick up fare-paying passengers in NYC, you’ll require TLC insurance.
Within the city borders of New York City, the Taxi and Limousine Commission governs for-hire vehicle (FHV) transportation. It stipulates that in order to transport passengers, all commercial drivers must have a minimum amount of liability insurance coverage.
While you’re on the road, TLC insurance protects your passengers and other drivers. It also provides passengers with piece of mind by ensuring that their drivers are certified and have adequate insurance coverage in the event of an accident.
How much is TLC insurance in NYC?
FHV insurance can be purchased over the phone, through a broker, online, or through the INSHUR mobile app. Remember that ordinary driver insurance will not cover FHV driving, so make sure you get the proper coverage.
Guide to FHV insurance in New York.
Those considering a career as a driver in New York want to know how much it costs to get on the road. Some expenses are self-evident: a proper vehicle, fuel, a valid driver’s license, and vehicle maintenance. One expense, though, is less clear at least until now. This is FHV insurance, which is a legal obligation.
Buying insurance.
Finding FHV insurance used to take hours on the phone or in a broker’s office until early 2018. Forms had to be filled out, documents had to be shown, and underwriters had to be contacted. You didn’t know how much it would cost until the quote arrived. With this clumsy, paper-based process, a driver eager to get out and earn money may have to wait additional hours, days, or weeks. Things have, thankfully, changed. There’s also INSHUR.
INSHUR a fast and affordable way to buy FHV insurance.
INSHUR has provided New York drivers with a 21st-century alternative to the outdated way of purchasing FHV insurance since 2018. INSHUR works straight on your phone, so you don’t have to waste time on the phone or in an office. You don’t say anything to anyone. You provide all of your information and receive a quote in a matter of minutes. If you like the deal, your policy will arrive in a few minutes. It’s a quick fix for a problem that’s out of date.
Types of FHV insurance.
FHV insurance is required regardless of how you get it. Your standard auto insurance will not suffice. Rideshare insurance is offered by companies like Uber and Lyft to their drivers. It’s low-cost, but it’s also low-coverage. When you’re not carrying a fare, you’re not insured. You’re not covered if you have their app but aren’t taking fares. You are not covered if your app is turned off. This implies you’ll need normal insurance as well. The alternative option is full FHV insurance, which is provided by INSHUR and provides coverage 24 hours a day, seven days a week.
The cost.
The pricing is influenced by a number of factors. The big one is driver history. The more you pay, the worse your credit history is. The age of the driver, the number of years he or she has been driving cabs, and the annual mileage are all taken into account. The Taxi and Limousine Commission (TLC) in New York requires a certain degree of basic coverage. This amounts to $100,000 per person and $300,000 per incidence, plus $200,000 in personal injury insurance (PIP). This insurance solely provides third-party coverage for vehicles. Your automobile isn’t protected. To cover damage to your own vehicle, you’ll need additional coverage (fully comprehensive).
TLC minimal coverage costs roughly $3,000 $4,500 per year for a typical driver over 25 years old with three years of cab experience and a clean driving record. For new and young drivers, as well as those with a patchy driving record, this number can reach $10,000. This expense is frequently paid on a monthly basis rather than all at once.
Why not give INSHUR a try if you’re just getting started or your insurance is about to expire? While you wait, get a quote and learn in minutes what could take hours, days, or weeks elsewhere.
Is TLC license worth?
If you want to drive for a rideshare company or a taxi service, the TLC license is well worth the money. If you do not have a driver’s license before working in the business, you will face a suspension and fines.
What are the requirements for a TLC license?
Obtain your TLC driver’s license.
- Within 15 months of your most recent infraction date, you may receive no more than 5 points on your DMV license.
What is TLC number?
Have you misplaced something in a taxicab, want to file a complaint against a TLC-licensed driver, or want to congratulate a TLC-licensed driver? For any TLC-related issues, dial 311 or contact 311 online.
If you have accessibility-related questions about TLC facilities or agency practices, need to request reasonable accommodations for a Commission hearing or other TLC meeting, or believe you have not received an appropriate response from the agency after filing a 311 complaint, contact the TLC’s Disability Service Facilitator.
How can I get a TLC plate?
Where can I buy TLC Plates?
- Step 1: Obtain a letter of introduction and commercial insurance. To acquire a TLC base letter, go to an Uber Greenlight Hub with your vehicle documentation and licenses.
Do you need TLC plates for Uber in NYC?
A particular license is required in New York City. To drive with Uber in New York City, you’ll require a special license from the TLC (Taxi and Limousine Commission), unlike in other cities. Our goal is to assist you in obtaining a driver’s license and a vehicle as fast and affordably as feasible.
What does Uber cover in an accident?
If you’re in a covered accident where you’re at fault and you’re online but haven’t received a trip request yet, you’re covered for liability to a third party. Injury liability coverage must be at least $50,000 per person, total liability coverage must be at least $100,000 per accident, and property damage liability must be at least $25,000 per accident.
How much does it cost for a TLC license in NY?
You must bring your driver’s license, a $32 payment, and your TLC application receipt with your application number. Use the IdentoGO NY website to complete the needed fingerprinting. To make an appointment, use the code 15425Y. The total cost is $88.50.