Where to get Taxi Insurance

Finding the answer to the question ‘where to get taxi insurance’ and getting a cheap taxi insurance quote isn’t always easy.

While there are many insurance providers out there, the majority fail to combine a high quality service with a reasonable premium. One of the main reasons for this disparity is a lack of experienced insurance providers capable of providing tailored policies that meet the varying needs of the industry.

However, as the sector develops and new challenges lead to adjustments for new and experienced drivers alike, tailored taxi insurance and motor trade insurance policies couldn’t be more valuable.

“There has never been a more important time for taxi companies and drivers to truly understand the coverage offered by their taxi insurance policies.”

According to government figures, the number of taxis in England has increased by 16 per cent since 2015, while the number of licenced drivers increased by 19.9 per cent.

This increase indicates significant growth in the taxi industry, which will require equal development from the insurance industry to provide drivers with the expertise and customer service they need at a price they can afford.

But why are these points so important when choosing taxi insurance? Our experts have explored the key factors you should consider when deciding where to get taxi insurance.

Choosing the right taxi insurance provider

“There’s no better approach to customer service than keeping communication lines open 24 hours a day, seven days a week.”

1. Flexibility

With the rise of apps such as Uber making it easier than ever to provide private hire taxi services in the UK, there has never been a more important time for taxi insurance providers to increase the flexibility of their policies. Government figures show the number of private hire vehicles in England has increased by almost 50 per cent, representing a dramatic shift in the industry.

To make sure you and your business are prepared to shape your service to the challenges these changes present, it’s important that you choose an insurance provider that can deliver a flexible service.

Whether you focus on private or public hire vehicles, you want to feel safe in the knowledge that your insurance can be shaped to your specific business requirements.

2. Expertise

The process of choosing taxi insurance shouldn’t be complex, but without the help of experienced and knowledgeable professionals it can feel daunting. Expertise is invaluable when it comes to selecting an insurance policy as the wrong advice can potentially void your cover and leave you unprotected.

Industry leaders such as ChoiceQuote understand how crucial expert advice can be to our customers. With over 20 years’ experience in delivering taxi insurance, our team of experts are more than qualified to help you choose the right policy and answer even the most complex of questions.

Whether you’d like to add cars to your business or you need an insurer who can deliver dual licence policies, there’s nothing better than having a reliable source of information to turn to when organising such an important aspect of your business.

3. Customer service

Of course, the knowledge that your insurance company has expert staff is no help at all if they can’t be reached. Peace of mind comes hand in hand with communication, and there’s no better approach to customer service than ensuring communication lines are open 24 hours a day, seven days a week.

A customer service department also plays a vital role when it seems peace of mind is no longer possible. Should the worst happen and an accident occurs, you will rely on your insurer’s customer service department to help you navigate the claims process.

Don’t forget this potential outcome when you’re looking at where to get taxi insurance in the first place. At this point more than any other, it’s important to know you can trust those responsible for helping you deal with the aftermath.

4. Price

As important as the other factors are, it’s hard to ignore price where insurance is concerned. Ultimately, each taxi driver has a limit to the amount their willing to pay for taxi insurance so understanding how to balance quality of service and financial cost is very important.

Even if you have a large budget available, it’s important to shop around to find the right cover. It doesn’t necessarily follow that the highest prices mean the highest quality insurance, so researching your options will help you limit your policy to the benefits you actually need and thus reduce your premium.

Choose wisely

“There’s nothing better than having a reliable source to turn to when organising such an important aspect of your business.”

Sometimes your circumstances can constrain you when deciding where to get taxi insurance. But wherever possible it’s important to prioritise finding the right insurer rather than just scouring the web for cheap taxi insurance.

Insurers such as ChoiceQuote provide every customer with the benefit of our years of experience, vast expertise and the ability to choose a flexible policy at a reasonable price, all of which is invaluable when things go wrong.

Key government taxi figures

  • The number of registered taxis in England has increased by 16 per cent since 2015.
  • The number of drivers with private hire only licences has increased by 49.6 per cent.
  • There has been a 10.6 per cent increase in the number of dual licence holders in England.

Where to get taxi insurance

  • Flexible insurers can provide you with the policy you need without forcing you to pay higher premiums for a large number of unwanted benefits.
  • While newer insurance companies might offer the lowest prices, the experienced firms are likely to have the expertise, which can help guide you when you choose your policy
  • While communication with your insurer might be infrequent, it’s important to consider the importance of good customer service should something go wrong.

To find out what options we can offer you, request an online quote today or call our experts on 01625 885046.