subject: Tips To Buying Cheap Taxi Insurance [print this page] Insurance is a legal requirement for every driver on the road. It is a prerequisite for every vehicle by the law of the land. As such even taxi drivers and companies are not exempt from this, it isn't just personal vehicles that require cover. For them, the obligation is even greater due to the nature of the services that their vehicles offer.
In the quest to optimise their returns, taxi drivers often are faced with the challenge of acquiring suitable and affordable insurance. The search for cheap taxi insurance can and often is, a headache to a majority of them. Insurers do not make it any less easier as they seek to attract as many clients as possible with attractive quotes. However, here are a few tips for any person seeking affordable insurance on their taxis.
Take some time to look around at the quotes available in the market. Visit reputable companies and look at their offers. In case you are short of time, go online and compare quotations from various companies. In addition, do some background check on some of them. Those that stand out as trustworthy pass the test of credibility. This maximises your possibility of finding a cheap and genuine policy for your taxi.
Once you have established the credibility of a few of the choice companies, look into the quotes they have to offer. Find a way to get the lowest premiums. Enquire if they offer discounts to, for example, a married driver or a home owner. It is possible to pay lower premiums if you have ever driven a company car. This attests to your experience as a responsible driver.
Insurers usually lower premiums for situations considered low risk. For example, fitting your vehicle with security gadgets such as car alarms and visible steering locks is one sure way of obtaining cheap taxi insurance. You can also mention that your taxi is parked in a garage as opposed to a communal park. Cars parked in a communal area are considered as risky as those parked along the road are. Premiums for such a car will be much higher. State you age, especially if you are above 21 years of age. Drivers under 21 years pay higher premiums as they are considered to be a high risk.
Look for a policy that offers you what you require and what the law demands. Avoid anything you don't need, such as a policy that may offer you bells and whistles.
As you discuss the policy with your insurer, look out for additional offers that are in the policy. For example, a policy that offers cover for your taxi's windscreen is beneficial, given that your taxi is often on the road and the possibility of scratch or damage is high. Also, look for a cover that provides breakdown services.
Cheap taxi insurance may be a cost saving measure. However, it is advisable to prioritise the policy before the money, whether it provides what you need.
by: Tom Jones
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