If you compare the average driver alongside a taxi driver there are some very noticeable differences; these differences include the amount of time that each driver spends in their vehicle, the number of miles driven per week and the dangers that pose a risk to each.
Both taxi drivers and regular car drivers require insurance in order to drive on UK roads. Insurance is essential in the event of an accident so that costs of repairs and or replacements are definitely available. All taxi drivers need specialised taxi insurance whether they are a full time or part-time driver.
Taxi insurance comes in two main forms; private hire and public hire. Private hire covers Private Hire Vehicles (PHVs) which can only be booked through a private hire company. Public Hire applies to taxis that are able to pick people up off the street without booking through the company, such as black cabs.
Public liability insurance is also available which protects rivers against any claims brought about by passengers.
The easiest ways of saving money on your taxi insurance are fairly straightforward. Firstly taxi driver should pick an appropriate vehicle. Some are cheaper to insure than others and less powerful cars, and electric or hybrid vehicles receive insurance benefits.
Safe driving results in a clean driving history which insurers will look upon favourably and reward with much cheaper insurance premiums.
Improving security by installing security CCTV cameras and dashcams helps keep both drivers and passengers safer and helps reduce insurance costs. Installing immobilisers to make your vehicle more difficult to steal will also help reduce your insurance costs.
And finally, comparing insurance providers, even when it comes to renewing your policy can help you find better deals on your insurance. Your current provider, whilst offering you a great deal at the moment, may not be able to offer you the best deal in the future, which is why you should never automatically renew your policy without searching the market first. You can compare taxi insurance using Quote Goat quickly and easily today.