How To Choose The Cheapest Taxi Insurance
The number of people choosing to use a taxi continuously grows as police forces up and down the country clamp down on drink and drug driving motorists
. This is great news for taxi drivers who are struggling to make a viable business.One of the largest outlays for a taxi drivers is his cab, with the insurance following closely behind. However, as with any other type of vehicle insurance there are a number of proactive ways taxi operators can take when looking for the cheapest taxi insurance.
* A clean driving license is undoubtedly the aspect which will provide lower premiums. Once you have driving offences and penalty points on your driving license expect to see the cost of the premiums soar.
* Where you operate you taxi may also have an affect on how much the insurance will cost you. Taxis which operate in large towns and cities will probably pay more in premiums than rural taxi operators - this depends on which city and whether the area is renowned as a high risk area.
* The make and model of your taxi will also have a huge impact on how much you pay. If you want the cheapest taxi insurance then don't drive a high performance or executive luxury vehicle, unless of course you're in the chauffeur business!
* Storage and security both make logical sense for your livelihood, just remember to let the insurers know that you keep your taxi in a securely locked garage when it's not in use and that you have taken extra measures to enhance security to prevent theft.
* You should also give serious consideration to having adequate insurance cover which includes loss of earnings and a replacement vehicle should yours need to be repaired after an accident.
* Don't forget to add public liability insurance to your policy. This is required by law and no local authority will grant you a taxi drivers license or permit without it.
As you can see there are many aspects of taxi insurance that need to be taken into consideration; as such you should seek the professional advice and guidance from insurers who specialise in taxi insurance to ensure you're getting the cover you need to operate within the law.
If you own more than one taxi and employ drivers you'll also need employer's liability cover - again it's your responsibility as an employer and required by law. Whilst you can't, as an employer, discriminate against drivers due to their gender or their age, you should be aware that women are usually given insurance discounts as they are considered to be less likely to be involved in an accident, while drivers under the age of twenty-five will cost more to insure.
Therefore if you're looking for the cheapest taxi insurance which doesn't scrimp on the amount of cover and potentially leave you vulnerable, the best approach is to shop around for the best deals. Remember that cheap doesn't always mean the best value for money, however the cheapest does mean that you've done your homework and got the cheapest deal you can.
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