News
Insurance tips for taxi drivers amid rising costs
6 September 2023As 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.
The impact of ride-hailing apps on insurance
22 August 2023As 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
16 August 2023There 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.
How a taxi insurance broker can protect you
24 July 2023Taxi drivers understandably look for the cheapest taxi insurance deal they can find – but that doesn’t mean they are getting the best cover.
There is a lot of truth in the saying you don’t know how good your insurance is until you need it. If you keep paying low premiums for years and never make a claim, you will be happy with your choice of cover.
Taxi boss wants black cabs and PHVs to be treated equally
4 July 2023Plans for a £36 million city-centre pedestrianisation scheme have come under fire from private hire taxi drivers who would be banned from the area, while black cabs would still be allowed to operate.
And STV News reports that Edinburgh Council could face legal action from at least one private hire boss who called the decision to ban PHVs “ludicrous”.
London’s taxi fleet has hopefully turned a corner
19 May 2023Soaring costs and frozen pay have caused real problems for taxi drivers in London, forcing some to find other ways to make a living, while those who stay struggle to recover with the effects of the pandemic and cost-of-living crisis.
Covid-19 restrictions had a huge impact on London’s black taxi drivers who missed out on the millions of tourists and visitors they would normally transport around the capital.