Whatever your level of experience, to drive a taxi in the UK, it is a legal requirement that you hold taxi insurance. This is not just for your passengers’ protection. Specific taxi insurance policies take into account the different insurance requirements you will have as a commercial driver.
If you drive any car intended to be used for commercial hire, you need this cover to insure you against additional risks you might encounter during the course of your job. This is applicable whether you drive a taxi as a full or part-time job. It’s critical that you protect your livelihood and yourself against any claims that may arise.
You will need to have a full taxi license in place before you apply for any insurance. Always use taxi insurance comparison tools to make sure that you get the best deal. These will include specialist providers with experience in covering every eventuality you might face as a taxi driver.
As you might expect, taxi insurance usually costs more than standard car insurance due to the type of work, additional cover elements needed and a higher risk of claims.
Taxi insurance takes into account the fact that the nature of your job will require you to be on the road not only at peak traffic times, but also during the nights and early mornings. As a taxi driver, you’ll also be building up a lot more miles every year than the average driver.
Unfortunately, all of these variables equate to a higher likelihood of accidents and claims, which in turn increases the costs of taxi insurance. You might also find that larger cars will also increase the cost of your taxi insurance.
Since vehicles such as minibuses, MPVs and estate cars are used frequently to allow more passengers to ride together or to accommodate luggage, they are often used by taxi firms. They are always more expensive to insure – even with standard car insurance.
Always compare taxi insurance to see if you can keep costs down. It’s not just the size of the car that will determine how much you pay – it will also differ depending on the insurance group you use and your annual mileage.
There are several types of taxi insurance and it’s critical to select the correct type or it will be invalid.
When you compare taxi insurance policies, always read the descriptions carefully and make sure that you select the correct type of insurance. Always look for taxi insurance that includes public liability insurance. You will need this in the event of any compensation claims or legal difficulties, such as injury to a passenger or damage to a passenger’s property while they are riding in the taxi.
When you make an application to be a taxi driver, you are not automatically licensed to drive anywhere in the UK. It may be that you are only covered to drive within a specific operating area. Depending on your area, you may not be able to get fully comprehensive cover, so when you compare taxi insurance, look into this aspect carefully.
If you work for Uber or another similar service, the most appropriate type of insurance for you is private hire insurance. This is because insurers view Uber drivers as providing a taxi service. You must also hold public liability insurance.
If you are yet to buy a car to use for your taxi business, a four door car with low fuel consumption, within a low insurance tier is your best bet. If you are targeting the luxury or corporate markets, of course, you will need an appropriate vehicle.
Using a taxi insurance comparison site such as Bright Compare is the best way to ensure you’re not paying too much, but there are other things that you can do.
Absolutely. Comparing taxi insurance online is a great way to quickly check the cost of cover from many different insurers. This way, you can be sure that you are getting the very best deal for your premium, whilst getting the cover you need.
Taxi insurance can be compared using our comparison tool in the same way as any other motor insurance quote. You provide us with some basic details, and we provide you with a number of competitive quotes from different insurers for you to select from.
Here at Bright Compare, we can provide competitive taxi insurance quotes to you quickly and easily. All you need is to enter a few details about your vehicle, your driving history and yourself into our comparison tool, then choose the best deal.
Comparing taxi insurance online gives you access to the largest possible number of deals for your coverage. The best deal for you is likely to be within the results you find in just a few moments when using our online comparison technology.
Comparing taxi insurance online is a quick and easy way to find the best deal for your coverage. Simply fill in your details in our comparison technology and we will do the leg work. Then you can select the best deal for your circumstances.