Taxi insurance comes in all shapes and sizes, one of the most common is private hire insurance. Private hire insurance is a legal requirement of all private hire vehicle drivers in the UK who pick up passengers that have pre-booked their taxicab.
Like any taxi, private hire vehicles transport passengers to their desired location. The difference between taxi insurance and private hire taxi insurance is that private hire drivers can only pick up passengers that have pre-booked via the taxi rank they work for or through their own personal company.
If a private hire taxi were to pick someone up from the street without a booking, the insurance would be invalid.
A private hire taxi may also provide their vehicle as a taxi service through a ride-hailing app. Companies such as Uber, Bolt, Ola, Easy Taxi, GrabTaxi and Gett all use taxi drivers operating with a private hire taxi service.
Furthermore, you could work for a more traditional taxi rank service offering lifts such as airport transportation and pick up if it has been booked in advance through the company website or in the office.
No matter how you operate as a taxi driver, you need specialised taxi insurance. Private hire taxi insurance is one of these specific types and can include a set of extras to enhance and further protect you and your passengers.
Private hire insurance is needed for taxi firms or taxi drivers working for a company that offer pre-booked lifts to desired destinations. Uber taxi drivers also come under this category, although there is specific Uber insurance available.
People working for driver apps like this will need private hire insurance and cannot pick people up from the side of the street who are hailing a cab.
Comprehensive or fully comp taxi insurance will give you all the benefits of third-party, fire, and theft with some additional cover. All damages that happen in the case of an accident will be covered with some policies, even covering the costs of any medical treatment that may be needed plus any accidental damages.
This insurance policy is the highest level of cover you can get, and with this, a lot of people believe that it is going to be the most expensive policy. In some cases, this is true, but you will find that it doesn't cost any more to be covered with a complete comprehensive policy in a lot of scenarios.
Comprehensive cover is the most popular policy among those purchasing either taxi insurance or standard car insurance. Being covered for every possibility is better in the long run and can financially help you if an accident does happen and it is your fault.
Third-party, fire, and theft provide the same line of cover that you would receive with a third-party policy but with the additional security of being protected if your car is damaged by fire or is stolen.
The insurer would not compensate for road traffic collisions deemed to be your fault leaving any damages to your or your vehicle to be left for yourself to resolve.
Third-party taxi insurance is the most basic level of cover that you can get. This insurance is the legal minimum for your car to be legal on the roads and sometimes all people want.
If you're in a motor accident and deemed your fault, this policy will only cover the costs of any damages to someone else or someone else's property, not you or your vehicle.
Utility Saving Expert can help you find a wide range of quotes from many different insurance lenders allowing you to compare and see what the best value for money for your needs is.
Having access to expert comparison tools will help you save money on your future private hire insurance policy and anything else from car insurance, home insurance, pet insurance, energy bills, and much more.
It is not compulsory for all taxi drivers to have private hire insurance. Private hire insurance provides cover to taxi drivers who work on an advanced, pre-booked status.
This kind of insurance is perfect for Uber drivers using the pre-book app and usually includes multipurpose vehicles such as people carriers and minibuses.
To know which insurance policy you need, you first need to know what kind of taxi service you're providing. If you work on a pre-booked system you will need private hire insurance, this also includes drivers who work for ride-hailing companies such as Uber.
Other insurance policies include:
Not having the correct insurance can invalidate the policy that you have, causing issues if you were to be in a collision.
Private hire insurance is there for drivers who are licensed to transport passengers for money to a location of their choice. This booking must be made in advance by a private hire operator. If driving passengers is your full-time job, standard car insurance policies are not sufficient as you need a specialist motor insurance policy.
Usually, this policy will cover your vehicle in the event of theft, fire, and accidental damages, although extra cover can be provided such as:
A lot of these benefits will come as standard with your policy and can prove priceless in the case of an accident.
When taking out a private hire insurance policy, you may notice that it is much more expensive than usual car insurance. Many factors increase the price of private hire taxi insurance.
If you're struggling to find the best insurance for your money, here at the Utility Saving Expert, we bring all the best possible quotes for your insurance into one place, allowing you to make comparisons and find out which taxi driver insurance is best for you.
In most circumstances, you will find that private hire insurance is cheaper than the cost of public hire insurance. This is due to the lower risk value that comes with private hire taxis. Using the Utility Saving Expert, you can compare and find which hire taxi insurance is best for you.
If you find that your private hire taxi insurance quotes are still a little costly, there are a few ways that you can help lower the overall price. Here are a few options you can choose to bring the cost of your private hire taxi insurance down:
A private hire insurance certificate is a legal document that provides documentary evidence that you are insured to drive a specific private hire vehicle.
The insurance comparison technology we provide includes the following private hire taxi insurance companies and brokers:
Taxi drivers need to know what they can claim and what they cannot claim on their self-assessment forms.
In addition to taxi insurance, new drivers must also factor in fuel, taxi maintenance, and road tax.
Whatever your level of experience, it is essential to choose the right vehicle.
Want a life of autonomy and flexibility, conversing with others, and having a career as a taxi driver?
As technology has improved our lives, we created this list of the best apps for private hire drivers.
Some drivers earn good money driving taxis, and some make an awful lot.
Dashcams provide plenty of benefits in a private hire vehicle.
Although the taxi business is challenging, customers are out there everywhere.
Private hire regulations have been revised several times in 2016, always for safety reasons.
The great thing about being a private hire driver, you get to pick your own hours.
Eight reasons why driving a private hire car is a worthwhile pursuit.
A few things you need if you want to drive for Uber, no matter if you're new or a pro.
Our tips may be useful to anyone considering becoming an Uber driver.
As Uber expands, private hire drivers will be attracted to its platform.
Your next ride request will display the destination postcode as well.
Decide whether to become a taxi or Uber driver before driving between point A and point B.
It's not just about keeping your car clean, or who's insurance you have.
Uber vehicle and driver requirements as well as how to get Uber Taxi Insurance.
Uber drivers aren't any different; they get tired after a while.
Because of COVID-19, families, businesses, many individuals across the country feel uncertain.