Getting The Best Deals On Your Taxi Insurance Online-dataload

Insurance Whether it’s public hire or private hire, choosing the right taxi insurance policy can be a minefield. Whilst it’s important to keep your business costs as low as possible in the current economic climate, getting the cheapest taxi insurance might not necessarily mean you have the best insurance cover. So, just how can you reduce your taxi insurance premiums? There are a few things that you should consider: How many people will be driving your taxi? Most insurers favour fewer drivers as this means less risk. Restricting the policy to just you or you and one ‘named’ driver will help keep your premiums down. What voluntary excess are you prepared to pay? A voluntary excess is the amount you’ll be expected to pay in the event of a claim. This is usually in addition to any .pulsory excesses the policy might carry. The higher the voluntary excess, the lower the premium however you must always be aware that should you need to make a claim, the amount you have to pay out may be higher than your initial saving. How long have you (and any drivers insured on your policy) been driving a taxi? Insurers prefer more experience taxi drivers, particularly if you’re claim-free. The longer you’ve held your taxi badge, the lower your premium is likely to be. Finally, how much taxi ‘no claims bonus’ do you have? You can earn up to 60% discount on your taxi insurance premium depending on the number of years you’ve been driving your taxi without a claim. You can often ‘protect’ your no claims bonus but you should always check exactly what this entails. There may be a ‘step-back’ where your no claims bouns is reduced to the value it was when you originally took out the policy. It may also be the case that the protection will only be upheld by the .pany against which any claim is made meaning you might not be able to transfer this to another insurer at renewal. Taxi insurance is required if you intend to drive a motor vehicle carrying passengers on a public road for hire or reward purposes. This includes standard motor cars, minibuses and hackney carriages (or black cabs). To be a taxi driver, you must be licensed by your local council to operate on a private hire or public hire basis. Private hire means that you are only able to carry passengers on a pre-booked basis and are now allowed to pick up passengers from the street unless pre-arranged. Public hire means that you are able to pick up passengers from the street or a taxi rank without the need for pre-booking. Public hire drivers can also pick up passengers on a pre-booked basis as with private hire. About the Author: 相关的主题文章:

Comments are closed.