Private Hire taxi Insurance – What Are The Different Types of Policies Available?

Coverage for private-hire taxi insurance

If you possess a PCO or private hire taxi license in London, you are mandated by law to carry insurance. While you’re working, this should cover both your cab and members of the public. Your car is protected in the event of a traffic accident thanks to private hire taxi insurance, which also provides you with the necessary protection. Additionally, public liability insurance shields you from accusations of incidents allegedly involving customers or the general public while you’re at work. Protect My Taxi has access to a variety of taxi insurance brokers, unlike some of its rivals. Because of this, we are able to provide you with private hire taxi insurance policies that are reasonably priced and match your demands. We provide nationwide coverage for a variety of taxi companies. Furthermore, we welcome your visit; simply give us a call to schedule a complimentary appointment.

Get a taxi insurance quotes for your private hire taxi insurance, with Protect My Taxi.

What is covered by private hire taxi insurance?

You have the option of purchasing third-party, third-party fire and theft, or complete coverage for your taxi or minicab. This functions in a similar fashion to private hire taxi insurance.

Third-party insurance coverage

If you only have third-party insurance, you’ll be responsible for any accident-related damage to your own car. Any other cars involved in the collision might be able to file a claim with your insurance company.

Third-party theft and fire insurance  coverage

This type of policy also includes coverage for theft of your vehicle and fire damage, as the name would imply.

complete and absolute protection

All of the aforementioned are covered by comprehensive insurance, along with any potential costs for your car’s repair or replacement.

With a private hire cab coverage, public liability insurance is typically included as standard. Any claims filed by the general public as a result of your taxi driving business are covered by this.

Who probably needs private hire taxi insurance liability coverage?

Regardless of whether they received their private hire taxi badge from your local government or the Public Carriage Office (PCO) in London, all taxi drivers must have this coverage. Drivers of Uber vehicles are also included in this.

Who may obtain insurance for a private hire taxi?

This insurance must be obtained before driving for anyone with a private hire taxi badge. But things aren’t usually so straightforward. Due of their inexperience, holders of new taxi badges have a harder time finding affordable taxi insurance. Younger people may also struggle with this. Both young and experienced drivers may experience problems with this. Private hire drivers between the ages of 23 and 75 are normally covered by most of the taxi insurance brokers out there.

You are more likely to accrue driving convictions (such as speeding offenses) or be involved in collisions the more time you spend on the road. Your insurance premium reflects this in its price. If you’re unlucky enough to have claims or convictions, you might discover that coverage isn’t always offered — and when it is, it can be quite pricey.

Fortunately, Protect My Taxi has connections to insurers who can handle these risks and provides repayment arrangements to spread the expense. This enables you to continue driving and performing your job while feeling more secure. This empowers you to keep driving and conducting your job while feeling comfortable in the knowing that your insurance coverage will be there for you if you need it.

Additionally, you can include named drivers in a policy. Again, if you want to learn more, just give us a call or submit an online estimate request.

What distinguishes insurance for private & public hire insurance?

Only pre-arranged services are provided by private hire drivers. Instead of picking up customers who flag down a cab on the street, you can now pick up customers who have already scheduled their trip.

Public hire drivers cannot be reserved in advance because they can only pick up passengers on the street. This frequently applies to, for instance, London black cabs and taxis at train terminals. Having trouble deciding which type of taxi insurance you need? Call us, and we’ll be pleased to assist you.

Can I use Protect My Taxi to lower the cost of my private-hire taxi insurance?

We excel at helping our clients find insurance that is reasonably priced. We are in the greatest position to take care of taxi drivers like you because we have more than 30 years of expertise working with a variety of insurance types. This entails providing you with the appropriate amount of security and, whenever feasible, minimizing expenditures.

Anyone who is unable to pay their entire insurance premium up front can stretch the expense through repayment arrangements.

Installing telematics in your taxi, including cameras, may help you save money as well. These can assist you in identifying the event’s responsible party. In the event of a claim, these telematics can assist you in demonstrating who is at fault, which will expedite the insurance company’s procedure and assist you in controlling the claim’s expense.