subject: The Two Taxi Insurance Divisions [print this page] You make you living through your taxi, so you must be certain that you are not only getting a great price on cover, but that your income is insured as well. If you taxi is not drivable, then you cannot work, which means no way to pay bills, take care of your family, or stay in your home. Since taxi cover is much different from regular car insurance, it is important to know as much about it as possible to enable you to secure the best policy at a rate that will fit into your life.
There are two main sections when it comes to taxi insurance:
1. Private hire- This is also called Minicab insurance. These taxis cannot apply for hire in taxi ranks, put anyone up from the roadside, or have a taxi light inside their vehicle.
2. Public Hire- Also known as Black Cab or Hackney Carriages, they are licensed and insured to be able to get passengers in taxi ranks or on the roadside. Fares for these taxis are designated by the local authority, as well as the geographical boundaries that exist. To become a public hire driver, you need to hold a full license for 12 months and have no type of criminal convictions involving fraud, violence, theft, or sexual offences. In addition, you have to be at least 21 years old to drive private or public hire taxis.
You can use any type of vehicle you want as a taxi, with saloon and estate cars being the most chosen. Many drivers chose diesel engines, since they offer added fuel savings. In the end, it is the licensing authority that will decide to plate your vehicle or not.
Liability insurance is something you will need to have to be legal to drive a taxi. This type of cover protects your passengers if they are harmed while in your vehicle. This cover will not pay for damages that happen to your own vehicle, so you would have to pay for any repairs on your own.
Be sure that you check over the policy you choose carefully, to be certain that everything you need cover for is included. Read over every square inch of the agreement, that way you know exactly what your premiums will be and what cover you are being charged for each month. Keep in mind that the cheapest price will often not afford you the level of cover you need to be fully secure. Try to find a policy that mixes the lowest price with a comprehensive policy.
You can discover the greatest taxi insurance policy by using the web to compare various companies and their rates. People often do not fully comprehend the innate differences that exist between different insurers and how much they stand to save just by taking some time to shop around. It is well worth the time and energy spent when you can be saving a lot more than you would have ever thought possible.
Knowing as much as possible about a taxi insurance quote will allow you to find a policy that will meet your needs at a price that is affordable.
by: Neil Anderson
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