Get The Cover You Need As A New Badge Holder For Your Taxi
When you first get your taxi license it’s not always easy to know where to look to find insurance, with many providers preferring to work with taxi drivers that have held a badge for a certain amount of time.
However, Quote Goat does all the hard work for you through our partnership with a panel of taxi insurance providers.
To get a quote, all you need to do is pop your details in to the quote form and you will receive quotes from insurance providers that are able to work with you, removing the guess work and the time taken to search for a suitable insurance policy.
How Can New Taxi Drivers Lower The Cost Of Their Insurance?
As with standard car insurance, insurance prices for new taxi drivers tend to be higher than those with experience. Part of the reason for this is down to experience on the job. Taxi drivers tend to operate in areas of high traffic, e.g. city centres, where the likelihood of an accident is higher than less busy areas. Experienced drivers will have a track record, whereby if they have not had a claim, they are able to demonstrate to an insurance provider that they are safer on the roads and statistically less likely to make a claim on their taxi insurance. For new badge holders, they do not have a track record as of yet and so insurance for new taxi drivers tends to be higher. That said, there are ways to help keep costs to a minimum. Alongside taking the time to compare taxi insurance quotes every year to make sure you are getting a good deal, you can also:
- Choose a vehicle with a lower insurance group: All vehicles in the UK belong to an insurance group. Generally speaking, vehicles in higher groups will cost more to insure. To help keep taxi insurance costs to a minimum and if you are able to choose the vehicle you drive, consider opting for a vehicle in a lower insurance group.
- Build up a no claims bonus: Of course, this takes time and a new badge holder you won’t have any no claims bonus yet, but it is worth keeping in mind as you work. Particularly if are faced with the decision of whether to make a claim or not at some point in the future, consider whether it may be cheaper in the long run not to claim on your insurance, keeping your no claims bonus intact.
- Level of cover: It is a common misconception that opting for third party taxi insurance will always be cheaper than fully comprehensive cover. After completing the quote form you will be able to discuss all aspects of your quote with the insurance providers and you may want to find out how much your taxi insurance will be for each level of cover. If fully comprehensive insurance if the cheapest option, you will not only have saved money but you will also benefit from the higher level of cover.
Finding taxi insurance as a new badge holder need not be difficult when you use Quote Goat. From Uber insurance to other minicab insurance, we are here to help you find the right cover at the right price so that you can focus on your work.