Finding Affordable Taxi Insurance Online
Of course there are still many thousands of people who shop around for insurance over the phone
, but as you probably know, phoning fifteen to twenty companies individually can be incredibly time consuming. Also, once you've received a verbal quote, you then need to wait for them to send you the policies so that you can read through all the terms and conditions carefully.An alternative option would be for you to go online. In fact, if you're serious about finding the best possible deal regarding taxi insurance, going online is without a doubt the best choice, because practically all UK insurance providers nowadays offer attractive discounts to people who sign-up via their websites. This is obviously because online applications are far easier to process and of course they also require fewer resources.
So, if cheap insurance is what you're after, the internet is the place to look. With that said, if you were to trawl through a great number of sites, you could still end up wasting hours and hours of your time. The key here is to visit one of the insurance comparison websites. These sites gather your details and then forward them on to a number of insurance companies who then in turn send quotes to you.
Over and above going online, there are also numerous other steps you can take in order to keep those premiums down, bearing in mind that much will also depend on the type of taxi service you operate. Taxis in the UK fall into one of three categories, namely contract hire, public hire, and private hire, and of course the cheap taxi insurance you take out needs to be appropriate for the type of taxi business you own.
Raising the Excess:
One of the best ways to have premiums reduced is by having the 'excess' amount raised. This is essentially the amount you'll be required to pay if you ever submit a claim. With that said, this is one aspect of your insurance you should consider carefully.
After all, you're in the taxi business, so the chances are your vehicle is going to be spending most of its time on the roads, hence an increased risk of being involved in an accident. If you ever need to claim, and you can't afford to pay the excess because you had it set too high, it could mean the end of your business.
Naming Drivers:
If you own more than one taxi then it will usually work out cheaper if you were to name the drivers in the policy. There is an exception however, in that if any of your drivers are below the age of 25, you may very well find it's better to have your policy include all drivers, particularly if you have a few young drivers.
Theft Prevention:
During 2008/2009 there were more than one and a half million vehicle thefts in the UK, although it should be mentioned that vehicle theft has been in steady decline over the last few years. Even so, with so many vehicles being stolen, one can just imagine how much money insurance companies loose each year. The more difficult it is for a thief to make off with your taxi, the lower your premiums will be, so it's imperative to have a good alarm fitted, and preferably a GPS tracking device as well.
Admittedly, even cheap taxi insurance is going to cost you more than regular car insurance, but it is still possible to find affordable cover.
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