Taxi Insurance: The Levels of Cover Available
Whether it is a holiday, wedding or heading home after a night out, people turn to taxi drivers to get them to and from events and venues safely.
Taxi drivers are the most versatile professionals on the road, never knowing where the next fare will take them.
Insurance tips for taxi drivers amid rising costs
As the cost of living continues to increase, there are steps taxi drivers can take to reduce their taxi insurance premiums.
The rising cost of domestic car insurance made headlines recently after the Association of British Insurers revealed that soaring repair costs pushed the average vehicle premium to £511 – 21% higher than this time last year.
5 simple hacks to extend the range of EV taxis
Range is everything when it comes to EVs and is a big issue for taxi drivers every day – will they be able to take a fare wherever they want to go and what happens if they need to charge on the way?
These problems will disappear as battery technology improves and electric vehicles will be able to travel further on a single charge, which is good news for people who earn their living on the road.
The impact of ride-hailing apps on insurance
As technology and innovation continue to drive the taxi industry forward, drivers and fleet owners need to make sure they have the right taxi insurance in place for the work they do.
The traditional industry model was black cabs or Hackney carriages, which required public hire insurance, and private hire vehicles or minicabs, which needed private hire insurance.
The benefits of taxi fleet insurance
There are times when fleet taxi insurance is a better option for taxi companies than taking out public hire insurance or private hire insurance for individual drivers.
A fleet usually includes five or more vehicles used for either private or public hire and can include a mixture of cars and vans. This gives them the flexibility to be able to cater for all types of fares from short trips to longer trips.
Top five taxi insurance myths
Taxi drivers hear all sorts of stories about savings and pitfalls when purchasing Taxi Insurance and there’s varying degrees of truth behind them.
As with anyone who earns their living on the road, having the right insurance is not only vital to protect their business, it is also a legal requirement.
Has your taxi been victim to a hit-and-run?
Drivers who hit other vehicles and flee without reporting the damage cause huge inconvenience and expense to their innocent victims, especially if they are taxi drivers who rely on their cars to earn a living.
Damage to any vehicle is expensive to repair and being off the road causes huge disruption because it can affect livelihoods and lead to increased premiums if a claim is made.
Separating fact and fiction of what you can and can’t do driving a taxi
We all know that using a mobile phone while driving a taxi is illegal, but what about eating a snack, wearing Ugg boots, or having fluffy dice hanging from the mirror?
Will sipping tea or coffee, or driving at night with the interior light on earn a taxi driver points on their licence?
How the fear of failure can cripple taxi drivers
Taxi drivers earn their living on the road and the fear of losing their job can take a huge toll on their mental health.
Driving a black cab or private hire vehicle is still a male-dominated industry in which there remains a stigma about asking for help or showing anything perceived as weakness.
Convictions and claims won’t put the brakes on taxi insurance deals
Taxi drivers pay higher taxi insurance premiums because of the amount of time they spend on the road, so it is no surprise that they could face even greater costs after a claim or conviction.
But this does not mean the end of the road for good deals on their taxi insurance – as long as they are honest with their taxi insurer and taxi insurance broker, when it comes to taking out or renewing their policy.
Three ways private hire drivers can save money
Running a private hire taxi is expensive but rewarding, so here are three key things that will reduce costs and help keep drivers enjoying life on the road.
The past 12 months have seen the cost of motoring soar for everyone from commuters and shoppers to taxi and lorry drivers.
11 top tips for keeping your taxi looking like new
Taxi drivers take great pride in keeping their cars clean and tidy so they look their best for the next fare.
But dealing with passengers in all weathers, as well as their shopping and luggage, plus heavy traffic and dirty roads, means drivers have to work even harder to keep their cabs and private hire vehicles looking spotless.