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Taxi Insurance Quotes
Swinton Insurance have a specialist taxi division which can help any taxi owner, driver or taxi fleet to get a competitive taxi insurance quote whether or not the taxi is used for private or public hire. As well as covering black cabs or hackney taxis, Swinton can also issue cover for MPVs and mini-buses.
If you are genuinely interested in cheaper taxi insurance Swinton can assist you in saving money annually. Subject to terms and conditions, all taxi related insurance policies can earn a valuable no claims bonus.
Short period policies can be offered to taxi drivers who require temporary insurance cover (3 month minimum). Swinton taxi insurance covers public liability and local authority insurance liability and also offer a taxi breakdown option.
For our cheapest taxi insurance quote call 0808 156 6487 now!
6 Top tips to reduce your Taxi Insurance
You may be paying too much for your Taxi Insurance, so the following steps could assist you with reducing your insurance premiums:
- Taxi Experience - it is likely an insurance premium will lessen with the more experience a driver has operating a taxi. A driver’s taxi experience is only proven by how long they have held their local authority taxi badge.
- No Claims - This is a discount which is only applicable for those taxi drivers who have not made any claims in a certain timeframe. This could mean a significant saving for those taxi drivers with a proven record of claim free taxiing. The discounts can range from 20% to 60%, so it is a great incentive for taxi drivers to drive more safely.
- Number of drivers - Restricting the number of drivers a firm has can be one of the most effective means of reducing insurance premiums for their drivers. The reason for this is quite simple; the fewer drivers you have, the less likely you are to file a claim. Some insurance companies will offer discounts to those taxi firms who restrict taxi drivers per policy. Ideally, there would be just one driver per insurance policy.
- Voluntary Excess - Increasing your voluntary excess will provide you with the benefit of a lower insurance premium. However, your taxi firm must carefully consider this option as it will mean an insurance claim will cost you more. Increasing the voluntary excess is a good solution for those taxi companies with experienced drivers who do not make claims, so it really is necessary for the company to do a risk assessment prior to making a decision regarding the payment of excess.
- Change the insurance company or policy - Make sure you search thoroughly when looking for taxi insurance. It may be that by changing the insurer altogether could reduce the cost of your insurance, so get multiple quotes from various types of companies. Or it may just be a simple case of changing the insurance policy to one that better suits your company needs.
- Only buy the cover you need - It is possible to buy various different insurance products which include items such as glass cover, courtesy vehicles, radio cover and so on but it can save you a small fortune on insurance cover if you only buy the products you genuinely need.
For our cheapest taxi insurance quote call 0808 156 6487 now!
Taxi Insurance FAQ's
What is Taxi Insurance?
Motor insurance is required by law! It is an offence which could land you in prison if you are involved in an accident and do not have Insurance. Taxi insurance is a requirement if you intend to carry passengers for hire.
What type of Taxi Insurance is available?
Taxi Insurance includes public hire, private hire, minicab, black cab, minibus and taxi fleet insurance. The vehicle needs to be licensed by the appropriate taxi licensed authority for your area.
What is the differentiation between private hire and public hire Taxi Insurance?
There are two different types of Taxi Insurance in the UK:
- Private Hire Insurance - this is a requirement for private hire taxis (or minicabs) where an appointment has been arranged by a customer from a selected pick up point. Private hire taxi's can either be a sole trader or a group of personnel working from a taxi office.
- Public Hire Insurance - this is the type of vehicle insurance required to enable an immediate pick up from the side of the street. A prime example of this is the black cab firms in London.
For our cheapest taxi insurance quote call 0808 156 6487 now!
How many drivers can I have on a Taxi Insurance policy?
Costs of Taxi insurance premiums increase with the number of drivers. Therefore most taxi insurance policies are either named drivers or insured only, but it is possible to have any driver policies if the company requires.
Taxi insurance quotes will depend on many factors in addition to the number of drivers such as what no claims the driver may have, their age and the experience of the driver.
Could I drive another person's vehicle under a Taxi Insurance policy?
Taxi insurance does not come with 'driving other cars extension', so it is not possible to drive another vehicle under Taxi Insurance.
What vehicles can I use as a Taxi?
It's the decision of your local authority to advise which motor vehicles can be used for taxi purposes; however you will find a list of the most common Taxi vehicles below:
- Saloon and estate cars are most common. This type of vehicle will allow a minimum of 4 passengers and provide ample luggage space
- The majority of taxi drivers will choose diesel cars due to the economy and engine life of the vehicle.
- Minibuses or Multi Purpose Vehicles (MPV's) will be required for greater amounts of passengers and any luggage they may have.
- Executive cars are also utilised as taxi's, but it may be more suitable to have chauffeur insurance.
For our cheapest taxi insurance quote call 0808 156 6487 now!
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