subject: 8 Top Tips To Getting Cheap Taxi Insurance [print this page] Since taxi insurance is so different to car insurance, it is necessary to find the very best rate on the cover you need. Taxi insurance has to cover a greater amount of liabilities than regular insurance, so that if injuries happen to passengers they can be taken care of quickly.
One way to make it possible to obtain cheap taxi insurance is through the implementation of paying in instalments. This makes it much easier to make your payment each month. Some tips to make it possible to get the lowest rates on your taxi insurance are:
1. Staying free of accidents really pays off- If you are a good driver and remain claim fee for a certain period of time, you can save as much as 60% on your taxi cover. This means you can save a great deal of money while staying safe behind the wheel.
2. Experience saves you money- The longer you drive your taxi and the more experience you gain, the less you will have to pay for taxi cover. This is determined by insurance companies by seeing how long you have had your local authority taxi badge.
3. Don't Let Others drive your taxi- if you are the only one who drives your taxi, good for you! You can get tremendous savings just by not letting anyone else behind the wheel of your vehicle.
4. Keep up Those Voluntary Excesses- You can obtain cheap taxi insurance by keeping extra excess on your policy, but, if you ever need to file a claim, you will pay for it. The compulsory excess can be increased to allow you to save more on your premium, but like everything, the catch will come if a claim is filed.
5. Be sure that when you get your taxi policy, you inquire as to how much the excess is, so there are no surprises later on when a claim is ever filed.
6. Although cheap is great, it can also mean that the cover provided is lacking. Make sure that you know everything that is covered in your policy and that what needs to be covered is in the policy. If you are not getting the cover you need, cheap is not better.
7. Take your time and check out many different insurance companies before making your decision. Insurance rates can be dramatically different between companies, so it will pay to do your homework.
8. Use the Internet to compare and contrast different companies and their policies, since it is much quicker than ringing each insurance company individually.
It is not as hard as it seems to discover cheap taxi insurance; it is just something that requires a little effort and time. Taking the time needed to compare policies and their rates can save you a great deal of money and also give you the proper cover you need at the same time. You have to carry insurance when you are a taxi driver, but you do not have to overpay for it. Seek out the greatest policy for you and you will certainly find it.
by: Tom Jones
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