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How a taxi insurance broker can protect you

taxi driver driving a black cab

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.

But in the event of a claim, you usually find that you get what you pay for and taxi drivers may face long delays for repairs, have to make lots of calls to check on the progress of the claim, and may still have to pay out towards the cost of repairs, replacement vehicles, etc.

When you are running your own taxi business, it is understandable to want to keep costs down and do as much for yourself as possible, including taxi insurance. There are several benefits of using a specialist taxi insurance broker, including saving you money.

The first is that they are independent from any one insurance company and offer plenty of choice based on the level of cover, options and price. This means that they put the customer first and will look for the best deal – not necessarily the cheapest deal – on their behalf.

Insurance brokers will make sure that the policy covers the needs of the driver so that they will be fully covered in the event of a claim ranging from vehicle damage to personal injury. They will also work to the budget of each driver, giving the option of cheaper third-party policies, as well as fully comprehensive insurance which will cover damage to the taxi, as well as any other vehicles involved if the driver was found to be at fault.

Brokers can also offer a range of products and services to compliment taxi insurance policies, such as breakdown cover, no-claims discount protection, excess protection cover and public liability insurance.

Specialist taxi insurance brokers such as Patons also know that the personal, face-to-face service makes a difference to taxi drivers, who can visit any of our eight offices in England and Scotland to take out or renew a policy, review any options or discuss a claim. The personal side of the business helps us get to know our customers and make sure we cover all their needs. It also means that we welcome back drivers when it is time to renew, with some staying with us for decades.

Patons Insurance is an independent, family-owned, FCA regulated, insurance broker specialising in taxi insurance. We can offer single vehicle taxi, fleet and motor trade insurance.

And for convenience in dealing with taxi insurance policies, documents and claims, the Patons Insurance App allows you to upload documents to us, view your policy documents, report a claim, sign documents, recommend your friends and get a quote.

Marketing Director, Chris Pracy said: “We take the time to discuss your needs with you to gather all the relevant information and contact our Taxi Insurer panel to find the cover which best fits your needs.

“The cheapest premium doesn’t mean it’s the best policy. Saving a few pounds on taxi insurance could cost you more in the event of a claim.

“Patons Insurance work with a large panel of established insurers to get the best cover for taxi drivers at the right price. There is no one-size-fits-all and we work with drivers and insurers to make sure everyone knows what cover is required.”

All information is correct at time of publication. Information provided within this article may have changed over time. No responsibility for its accuracy or correctness is assumed by John Patons Insurance Services or any of its employees.