Understanding Taxi Fleet InsuranceCompare Taxi fleet insurance quotes online in minutes, if you are the fleet manager or business administrator, please have all your vehicle details accessible to enable quick completion of the online inquiry form. After completion, expect a comprehensive list of broker quotes that can easily be compared side by side not only the price, but the actual policy contents which is the important part. Prices will depend on your requirements so do give some consideration to questions such as do I need any taxi fleet insurance or can you shoulder a higher excess for the reward of a lower premium on your fleet of taxi's.In addition to hiring competent and reliable drivers, and seeing to it that your vehicles are serviced on a regular basis, there is another item that needs to be addressed as you run your taxi firm that is of the utmost importance to ensuring your success. You will need to obtain a good taxi fleet Insurance Policy. This insurance will enable you to insure all of your vehicles under one easy-to-manage policy. __CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-color-1)","hsl":{"h":286,"s":0.47,"l":0.01}}},"gradients":[]}}]}__CONFIG_colors_palette__ Start your quote The Two Main Benefits of Taxi Fleet InsuranceSave Time As a business owner, saving time is always a priority. One of the outstanding benefits of taxi fleet Insurance is that is by far, much easier to setup and manage when one compares it to insuring each vehicle individually. Save Money Compared to insuring vehicles individually, Taxi Fleet Insurance most often works out to be considerably cheaper.A Few Things You Can Do to Save Money When Purchasing Your PolicyPay Your Premium Up Front Rather than making your payments on a monthly basis, making one upfront yearly payment is one of the best ways to save money on your Taxi Fleet Insurance.Be Selective When Choosing Your Drivers The drivers that have much driving experience, as well as a clean driving license and claims history are the ones that you should seek to employ.Get Quotes From Different Providers This simple step will enable you to compare quotes easily, and make an informed decision.Lower Costs by Taking Steps to Reduce Your Risk in the Eye of the UnderwritersThird Party This is the minimum level of cover that is needed to make your vehicle legal to operate on the road. In the event of a collision that your driver is liable for, this will provide cover for third parties.Comprehensive This type of cover will provide protection for all types of accidents, (even those your driver is responsible for) and is highly recommended , as it can enable you to operate your business with full peace of mind.Breakdown Assistance Available at a very competitive cost is Breakdown Assistance. This is recommended for all taxi fleets and can easily be included as part of your taxi fleet insuranceReport all accidents that involve a third party immediately , failure to do so can result thinking maybe that no further action will be taken by the third party and can easily result in unforeseen costs in the form of a claim which includes costs for hiring a car and other items that could have been excluded had you been quick to inform your insurance provider. The end result is a higher claim resulting in larger increase in your annual premium.Public Liability A must for taxi firms is Public Liability Insurance which will protect you from any claims made by members of the public including passengers against your business. Compare Taxi Fleet InsuranceProtect your hire business today. Compare quotes from multiple brokers. __CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-color-1)","hsl":{"h":286,"s":0.47,"l":0.01}}},"gradients":[]}}]}__CONFIG_colors_palette__ Start your quote
Are you searching for a comprehensive taxi fleet insurance policy? If you have a fleet of minibuses, black cabs, minicabs or a mix of vehicles you will need a policy to protect all your vehicles. Going the fleet route will potentially provide savings and at the same time lower your admin costs by having only one policy as opposed to multiple policies.
MultiQuoteTime works in partnership with QuoteSearcher who provide a simple form which once completed is submitted to a specialist panel of brokers. The panel can provide multiple quotes from UK brokers that deal exclusively in providing cover for private hire or taxi fleets.
The Two Main Benefits of Taxi Fleet Insurance
Save time, as a business owner, saving time is always a priority. One of the benefits of taxi fleet Insurance is the ease of setup and management when you compare it to insuring each vehicle individually. Taxi Fleet Insurance should work out to be cheaper as most brokers will offer discounts as you add additional vehicles. However, it is always prudent to compare a fleet policy with the costs of insuring vehicles on an individual basis.
Practical steps to take to lower your taxi fleet insurance premium
Pay your premium up front rather than making your payments on a monthly basis.
Be selective when choosing your drivers If possible select divers with at least 3 years driving experience and a clean driving record. Young drivers under 25 are seen as a higher risk than over 25, so age should also be taken into consideration when hiring new drivers.
Get quotes from different providers This simple step will enable you to compare quotes easily, and make an informed decision.
Report all accidents that involve a third party immediately. Failure to do so by thinking that no further action will be taken by the third party and can easily result in unforeseen costs in the form of a later claim. The claim at that stage may include costs for hiring a car and other items that could have been excluded had you been quick to inform your insurance provider. The end result is a higher claim resulting in a larger increase in your annual premium.
Level of cover available
Comprehensive - This type of cover will provide protection for all types of accidents, and is highly recommended, as it can enable you to operate your business with full peace of mind.
Third Party Only Plus Fire and Theft (TP&FT)- TPO cover plus cover if your fleet vehicles are damaged by fire or stolen.
Third Party Only (TPO) - This is the legal minimum level of cover required to drive in the UK. The cover payouts to the third party only and you will have to pay out for any damage to your vehicles.
Additional cover options
Breakdown Assistance. Taxi breakdown cover is recommended for all taxi fleets and can easily be included as part of your taxi fleet insurance
Report all accidents that involve a third party immediately. Failure to do so by thinking that no further action will be taken by the third party and can easily result in unforeseen costs in the form of a later claim. The claim at that stage may include costs for hiring a car and other items that could have been excluded had you been quick to inform your insurance provider. The end result is a higher claim resulting in a larger increase in your annual premium.
Public liability: Public liability Insurance which will protect you from any claims made by members of the public including passengers against your business.
Compare Taxi Fleet Insurance Quotes Today
To save money on anything you need to do some upfront research and compare all the available options. The quote system provided by QuoteSearcher can help you on your journey by providing you with multiple quotes that are tailored to your taxi or private hire business requirements. Get started by clicking the GET A QUOTE button below.
