Taxi insurance is notoriously more expensive than ordinary motor insurance, but the reasons why aren’t as well known.
On balance, it makes sense – after all, taxi drivers cover a lot more miles, often in crowded conditions, and their vehicles are often larger in order to accommodate passengers.
However, this doesn’t mean arranging your taxi insurance should be overly complex. As with car insurance, there are many different kinds of taxi insurance available, so there’s sure to be a policy that suits you.
Private hire covers taxis which have to be pre-booked or wait at a designated rank, whereas public hire (also known as hackney carriage hire) covers taxis which can be hailed in the street too.
Naturally, the type of vehicle is also a consideration, with saloons, black cabs, minibuses, MPVs and limousines subject to different conditions.
An addition to the fold is the telematics taxi insurance, which aims to combat the rise in “crash for cash” planned collisions or false allegations of dangerous driving. A small telematics box is fitted in your taxi and records what happens during your journey – the results can mean the difference between a successful claim, and being off the road for longer than you can afford.
Taxi insurance can be arranged quickly and easily with BP Insurance Brokers, letting you get out on the road more quickly!
Want to know more? Give us a call to find out how we could help you.