As the old saying goes, cheaper doesn’t always mean better and this is certainly true when it comes to taxi insurance. While we all love a bargain from time to time, more often than not those rock-bottom policies you find are extremely basic, meaning you won’t be entitled to many of the benefits you’d receive if you went for a slightly more expensive option.
While you might save a few quid in the short-term, doing your taxi insurance or minicab insurance on the cheap could end up costing you later down the line when you realise your policy doesn’t provide adequate cover, so to help you avoid making that mistake, here’s what your taxi insurance should always include.
When you’re trying to decide which taxi insurance policy to go for it’s always beneficial to choose a provider that’s considered a specialist in the field. By going with a company that’s well-versed in taxi insurance, you’ll receive a superior level of service in the event you need to make a claim, and you’ll also benefit from knowledgeable staff who are better positioned to offer expert advice compared to those representatives or claim handlers who discuss all manner of insurance.
When you take out taxi insurance it may be tempting to go for a policy that restricts the amount of miles you’re allowed to cover. After all, these deals may cost less and appear more affordable at a glance, so you might think you’re saving money.
Sadly, though, that’s not always the case and a lot of the time these policies will actually end up costing you more in the long run. That’s because it’s extremely difficult to calculate how many miles you’ll cover over the course of a year. As a taxi driver you’ll be clocking some serious miles and by opting for a cheaper policy with a limit on mileage, before you know it you might find you’ve exceeded your allowance and you have to stump up more money for your cover. This can be expensive so avoid those nasty surprises by going for a policy with unlimited mileage.
If you end up causing an accident and your taxi insurance policy doesn’t include sufficient legal expenses, you might be in for a real shock. Legal costs can be astronomical, and if you’re deemed to be at fault and your policy doesn’t provide adequate cover, you might find yourself footing an eye-watering bill. Again, avoid this nightmare scenario by paying a little extra for your policy to ensure your back’s always covered.
Most of the best insurance providers will offer discounts in some form, so check out what’s on offer and choose a policy that works for you in terms of both cover and price. Some providers will give no claims discounts, while others might offer some great deals on multi-car or taxi fleet policies. The best way to find out what’s on offer is by comparing taxi insurance, which could help point you in the direction of some of the most attractive policies on the market.
If you’re looking for a trusted and reliable comparison site, then you’ve found it with Quote Goat. We compare taxi insurance deals from a range of providers which could help you save time and money, so if it’s time to renew or you’re looking for a brand new policy then head over to our price comparison page now!