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What is Limousine Insurance?


Whether your business owns a single limousine or an entire fleet, you’ll need to buy the right type of limo insurance to give you coverage for all eventualities. Buying a limousine is a significant investment and getting the best protection in place to cover your property, and your liabilities is essential.

What is livery insurance?

Limousine and black car insurance are types of livery coverage that are tailored to protect luxury vehicles that transport passengers who have pre-hired the service. So, if you are a business that carries people on a for-hire basis, then you’ll probably need to buy a livery insurance policy.

Who needs to buy limousine insurance?

If you generate money by transporting people in a limousine, then you will need to buy livery insurance. It can also apply to black car services who offer pre-booked transportation services on a for-hire basis; it might include SUVs and luxury sedans, as well as your typical limousine.

A livery vehicle could include:

  • Limousine
  • Taxi
  • Town Cars
  • Some ride-share services

A courtesy transportation service, such as a club or hotel shuttle service, is not considered to be a livery vehicle.

How much does it cost to insure a limo?

There are so many variables to consider when you get a quote for limousine insurance. With extra coverage for your drivers, customers, and your limo business overall, the cost of insuring a limo can be anything between $5-$10k per vehicle, per year.

It is always essential that you talk to an expert commercial insurance provider; they can give you an exact cost to insure your limousine, along with any other types of business insurance you might need.

What factors impact the cost of insurance a limo?

There is no pre-set amount for insurance, a limousine business. However, there are many factors that will play a part in determining the cost of insuring a limousine.

  • Your primary business location and area of operation
  • The structure of your policy; such as deductibles and policy limits
  • The value of your vehicle/s
  • Your driving record and claims history
  • The type of services you offer, such as a wedding, airport pick-ups, celebrity chauffeuring
  • The number of, and value of the vehicles you own
  • Your relevant business experience

How to save money on buying limousine insurance?

There are a number of ways you can save money buying limousine insurance.

  • Buying multiple commercial insurance products from the same provider/agent
  • Claims-free and/or good driver discounts
  • Multiple vehicle discounts

The first person you should speak to about this is a local commercial insurance agency. They will often have an in-depth knowledge of the local insurance marketplace and can also help you answer any other business-related insurance questions.

What type of Limousine insurance should you buy if you hire drivers?

The amount of coverage you need to but will depend on the size of your business, your fleet, and the number of people you will employ to drive your vehicle/s. If you are only ever intending on driving the limo yourself, and you only own a single limousine, then your quote will be much lower compared to someone who is looking to insure a fleet of limousines.

If you are hiring multiple drivers, then there will be a range of state regulations in place that you will also need to meet, such as employment liability coverage, property damage liability, bodily injury coverage, and worker's compensation coverage as well.

Speak directly with an expert commercial insurance agent to find out about the most up to date regulations and insurance requirements for your state. Get a quote for limo insurance and find out the answers to your questions.


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