Things TLC Insurance Broker Should Tell its Customers About
Most cities do not require special vehicle insurance for rideshare drivers. New York City is a different story. Drivers within New York City are require to have a special type of liability insurance known as TLC insurance.
It may sound like a hassle, but if you want to make money as a rideshare rider in New York City, then you have to go the extra mile and get a TLC insurance broker points.
You may be thinking, “What is TLC insurance?” Don’t worry, you are not alone. In this article, we will explain the details of TLC insurance, what it covers, how much it costs and how you can get a cheap rate.
What is TLC Insurance?
TLC insurance is a special type of insurance require by the New York City Taxi and Limousine Commission (TLC). You will need TLC insurance when collecting paying passengers in NYC.
It states that all commercial drivers are require by law to have a minimum of liability insurance coverage in order to carry passengers.
TLC insurance ensures that passengers and other drivers are protected while you are on the road. It also gives passengers the peace of mind that their drivers are certified and have the right insurance coverage in the event of unforeseen incidents.
So, are Rideshare drivers covered by TLC insurance? Let’s take a look at that.
Who Needs TLC Insurance?
Without this, you cannot legally operate your vehicle for commercial transportation purposes. The New York City Taxi and Limousine Commission licenses and regulates the drivers of several intermediary services – including app-based companies like Uber, Lyft, and Via. There are several other classes of for-hire vehicles – these include the following:
Black car TLC Insurance
Black cars include pre-arrange passenger transportation services, most of which are cashless. This service has stricter vehicle standards.
Green taxi TLC Insurance
Green taxis are a type of subclass of Livery, with a special permit. You have the right to stop on the street in the outer boroughs of NYC and parts of Upper Manhattan.
Yellow Cab TLC Insurance
Yellow cabs have exclusive rights to stop on the street throughout NYC.
Luxury limousins TLC Insurance
A luxury limousine is a pre-arranged transportation service that operates on a flat-rate model. This service has stricter vehicle standards.
Commuter Vans TLC Insurance
Commuter Vans can accommodate more than nine passengers, but not more than 20.
Paratransit TLC Insurance
Paratransit vehicles are a pre-arrange transport service for non-urgent medical purposes.
Each of these categories has its own vehicle and insurance requirements. In general, as a register TLC driver, you must take out minimum liability insurance. Without this, you run the risk of having your TLC license revoke, which can be quite expensive.
What does TLC insurance cover?
TLC basic insurance does not cover injuries to yourself or damage to your property – the insurance only covers third parties.
Since private car insurance does not cover damage when you operate a vehicle for commercial purposes, you need the additional minimum coverage of TLC insurance. The minimum coverage of TLC insurance includes:
TLC Insurance coverage for uninsured drivers (UM)
This covers you if you are involve in an accident with a driver who is not cover by an insurance broker in new york.
The amount of coverage depends on the vehicle type and seating capacity. It is important to remember that TLC insurance does not cover damage to your own property or personal injury.
You need to take out additional personal insurance to protect yourself financially. You can also opt for fully comprehensive insurance, which offers collision coverage in addition to mandatory liability insurance. Basic coverage is require, but you can opt for fully comprehensive coverage for an additional fee.
How much does TLC insurance cost?
The cost of TLC insurance premiums varies from driver to driver. The insurance premiums depend on the number of years you have driven, the type of vehicle, previous claims, and driving behavior.
Therefore drivers who have been on the road for many years and have a clean driving record have lower premiums. Drivers who are younger than 25 years old have to expect around 20% higher insurance premiums. Irregularities in your driving behavior such as traffic violations and subpoenas also increase the cost of your insurance.
As an example of NYC pricing, the table shows the typical premium for a 2015 Toyota Camry. This is driven by someone who has not had any accidents or points for several years. The driver also has TLC driving experience. (For drivers under the age of 25, the PD price usually increases by 20%).
So how can you get a cheap insurance premium? To start with, it is important that you have a clean driving record. It can easily decrease your monthly payments. Dashcams reduce your insurance premium by around 10%.
Let’s examine your options for insurance broker NYC providers.
TLC insurance broker and Companies
Two popular avenues you can take to get tlc insurance NYC are through traditional auto insurance agencies like American Transit Insurance Company, Smart Apple Insurance Brokerage, Pearland Brokerage, Or the INSURE insurance app. We recommend the latter because of its ease of use and speed.
Your first option is to go to a New York City auto insurance company. This means that you go to an insurance agency or contact them by phone or email.
Although the old-fashioned way is a lot more time-consuming. You will need to provide extensive personal information and your driving history. Your file will then be check and an offer for TLC insurance will be made. What information is needed to get a TLC insurance quote?
You will need at least the following information: your name, address, and age. TLC driver’s license/license plate. Driving behavior (accident history, points, driving years). Vehicle information (age, make, model, mileage, value, VIN number). Vehicle registration document or proof of purchase. TLC base map.
What if You are a new driver?
If you are new to the Relief Society industry and intend to drive in New York, you will need to obtain your TLC license and vehicle registration number before you can apply for insurance. TLC has minimum qualification requirements for drivers – see the FAQ guide below for details. For more information, see the step-by-step guide on how to get your TLC license on the Uber website at:
What else is needed for a TLC insurance broker?
In addition to insurance, TLC also has certain minimum vehicle requirements in NYC. These state that Relief Society owners must drive a four-door car or minivan, 2006 model or later. It must be in good condition, have no cosmetic damage, has no commercial branding, have passed an emissions test, and have valid certification. Drivers are also advise that vehicles should be clean inside and out and well maintained at all times.
Instead, you can opt for INSURE – an app-base insurance solution. You can get a TLC car insurance quote and get a policy from your phone in minutes.
Therefore the entire process is handle via the app. Telephone calls or lengthy emails are not necessary. INSURE is without a doubt the fastest and most convenient option to get TLC insurance quickly.