Insurance Guide

Practical ways fleets can reduce taxi insurance spend

We often hear advice about how taxi drivers can reduce their taxi insurance premiums, but when it comes to taxi fleet insurance, a different approach is needed to make savings.

Insurance companies calculate taxi insurance premiums based on risk and how likely it is they will have to pay out in the event of a claim.

winter tyres

Taxi drivers should be careful with their tyres this winter

It is easy to overlook tyres when it comes to maintaining a car but as taxi drivers know, they are one of the most important parts of a vehicle, especially in the winter.

As we endure longer nights and bad weather, no one wants to be stuck at the side of the road in the cold and wet.

Taxi drivers are getting a rough ride as claims costs continue to rise

The cost of getting a taxi back on the road after a crash is continuing to rise – and drivers are worried that they could be left footing the bill. Having been hit by the pandemic, rising fuel costs, and then the cost-of-living crisis, the soaring cost of parts is once again squeezing their finances.

car accident

How to Claim on Taxi Insurance After an Accident

Having taxi insurance that will take care of repairs and quickly get a cab back on the road gives many taxi drivers huge peace of mind.

But if you are involved in a collision, there are steps you have to take to make sure your insurance claim goes smoothly and you won’t be left with any expensive surprises.

car accident

Tips for Minimising Risks and Insurance Claims

The motor insurance industry takes two main factors into account when calculating insurance premiums – the risk and the cost of paying out a claim.

We recently looked at how the soaring cost of vehicle parts was pushing up the price of repairs and making taxi insurance and other business motor insurance claims more expensive.

A queue of taxis with Taxi Insurance waiting for a fare

Taxi Base Insurance: What do you need to know?

Although you must have taxi insurance to operate legally in the UK, there are other types of insurance needed to run a taxi business.

And, typically, the bigger the operation, the more cover is needed to protect staff, passengers and the entire operation.

Black cab

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.

mechanic

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.

taxi fleet

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.

car accident

The benefits of comprehensive taxi insurance

Our advice to every taxi driver is to take out the best taxi insurance policy they can afford that offers them the most protection.

Whether they run a black cab and need public hire insurance, or need private hire insurance for their PHV, they should always try to take out the policy that offers them the most protection.

taxi driver driving a black cab

How a taxi insurance broker can protect you

Taxi 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.

Wrapping an injured hand in a bandage

How public liability insurance protects drivers

Taxi drivers know how important it is to have the right insurance to protect their business.

By law, all cab and private hire drivers must have third-party taxi insurance as the minimum cover. This is the lowest level of insurance and means that if they at fault for a crash, the other parties involved will be covered, as well as any passengers in the cab.