6 Ways to save on a TLC policy in NYC


Insurance is typically one of the highest expenses a driver can have when working for a TLC base (like Uber or Lyft) after purchasing or leasing a vehicle. NYC TLC insurance pricing varies significantly based on various factors. One of the biggest factors affecting the price of insurance is typically your driving record – the more points or accidents you have, the higher your TLC insurance will be (yet another reason to drive safely!). Another important factor is the TLC base you are affiliated with – Black Car bases like Uber, Lyft, Gett and Via typically get discounts that Car Service Bases or Livery Bases typically do not get. The INSHUR app will automatically check your driving record and find all the discounts you are entitled to, so make sure you download our app today.

But what can you do if you have already racked up some points on your license? Fortunately there are several things you can do to lower your insurance cost. Here are our staff’s top 7 picks:

1.) Shop around

When you buy a car you typically shop around for the best price, right? So make sure you do the same thing with insurance. Pick a reputable broker that represents multiple insurance carriers and ask for quotes from multiple sources. Luckily the INSHUR app automatically checks all the discounts you are eligible for from all the top carriers we represent to bring you the best price.

2.) Take a driving defense course

A driving defense course is mandated by the TLC when you apply for your FHV or Taxi Medallion license. Once you take the course, you are automatically entitled to a 10% discount on your insurance premium for up to 3 years. Do not let your discount expire – 10% can be a significant savings for a lot of drivers. You can take the course at a licensed classroom instructor or you can now take the course online. If you are a NY resident, the course will automatically show up on your driving record which the INSHUR app checks for you to get the discount. If you live in another state, you will need to provide physical proof of course completion. Approved NY providers can be found below:

3.) Inspect your motor vehicle report

It is important to check your driving abstract for any inaccuracies. The INSHUR app automatically checks your driving record and let’s you know if there are any potential issues. Insurance carriers will often times surcharge you for accidents on your driving record, even if they are not your fault. It is important to check your record and save copies of any police reports associated with accidents where you are not at fault. Some carriers will accept a police report as proof that the accident wasn’t your fault, so make sure to keep it handy.

4.) Choose the right vehicle

Did you know that the vehicle you drive can affect your insurance price? Large SUVs and trucks with extra seating capacity may get surcharged a higher price by insurance carriers. Some carriers offer discounts for hybrid and newer vehicles. So choose the right vehicle to drive, not only will a big SUV cost you more in gas but it may also end up costing you more for insurance.

5.) Skip the installments

INSHUR never charges any extra fees, but did you know that some carriers to charge finance fees for installment plans? If you can afford it, it is sometimes cheaper to pay for your insurance policy upfront, rather than on a monthly basis.

6.) Drive your own vehicle

TLC owner drivers will usually get the best pricing on their insurance. If you plan to let someone else drive your vehicle, expect to pay more for your insurance. This also applies to drivers that decide to form another legal entity like a corporation or an LLC and register their car. Often there are significant higher insurance costs associated with corporate policies.

7.) Use the INSHUR app to buy a TLC policy

Download our app today and use it to automatically check for all the discounts you are eligible for. Simply scan your TLC license, select your vehicle and we will present you with quotes from insurance carriers. We do not charge any extra fees and you can use your credit or debit card to quickly buy a policy right on your phone.