If you are driving a black cab, a taxi cab or any other type of vehicle. The legendary black taxis are very famous all around london… and it is gradually increasing in other towns and cities of London like Manchester and Glasgow too.
Black cabs in London are mostly operated as public hire taxis which means they can provide service as taxis instead of being pre-booked by customers.
Public hire taxis provide drivers more chances to pick up passengers, but these types of taxi cab require specific type of insurance called: public hire taxi insurance.
Insurance is necessary because there is a higher risk of accidents in large cities and you know public hire taxis most of the time in large cities so that is it is very to be insured before driving.
Public hire insurance is very expensive as compared to private hire insurance, so if you are driving a black cab it is significantly more important to compare public hire insurance quotes to find the best insurance policy at the lowest price.
Compare public hire insurance now: Other way to reduce your premiums
Comparing public hire insurance from a range of different service providers every time insurance is due for renewal is a difficult first step when it comes to decreasing your cab insurance premiums.
There are few steps to increase the chance of finding cheaper black taxi insurance .
Park your taxi off the road: If you park your taxi cab when you are not driving it has a highly impact on your cost of public hire insurance.
If you park your taxi off the road like in a garage or a private driveway, then you could be offered cheaper black taxi insurance quotes. Parking your taxi on the side of the road could result in getting a higher insurance premium. Like, if you live on a busy road.
Service your taxi regularly: If you service your cab regularly then it may most of the chances of reducing the premiums you are paying for public hire taxi insurance. But if you are not servicing your cab regularly then there is a higher chance of getting higher premiums of insurance so at the end you need to add breakdown cover in your insurance policy.
Consider telematics insurance: telematics insurance, also known as black box insurance, is a type of specialist insurance in which a tracking device is installed in your cab for keeping track of your driving habits . This type of insurance is less popular. It also reduces the cost of your insurance as much as 20%. It’s worth considering.
How much does public hire taxi insurance cost?
Insurance companies that are experts in public hire insurance use different techniques in order to calculate a black cab driver’s insurance premiums.
From where you operate as a taxi driver, to where you park your can when you are not working. The type of your taxi cab and how old your vehicle is all play an important role in your insurance premium calculations. So, It is impossible to predict the cost of your own public hire taxi insurance. A black taxi always costs more than other private hire insurance.
Is public hire taxi insurance available to someone under the age of 25?
As compared to other types of taxi insurance. Most companies have a minimum age limit of 25 for public hire taxicab insurance.
One or two insurers are willing to quote a price to become the public hire taxi drivers but you find these are much more expensive because you are considered a higher insurance risk.
