Over the last few years the cost of private hire insurance has risen dramatically, and what with that and rising fuel costs a lot of taxi drivers have been struggling to make ends meet. Many are looking for ways to reduce their private hire insurance quote in an attempt to get some much-needed profits back into the books, and one way of doing that could be to incorporate extra security features into the mix.
If there’s a reduced risk of your vehicle being stolen, vandalised or damaged in any way, insurance companies will normally be more than willing to reduce your insurance quotes accordingly. Things like immobilisers should be the first on the list, and if you really want to increase the security then tracking devices should always be considered—these mean that even if your vehicle is stolen here’s a much larger chance that it’ll be recovered, and a lot of insurance firms will be able to pass on some great savings if you have one of these installed.
These devices may require an initial outlay but the reduction in premiums (coupled by the fact that your vehicle is less likely to be stolen) means they’ll be more than worth it in the long run, and from there you’ll need to consider things like where you’re storing your vehicle overnight. If it’s out on the road it’s far more likely that it’ll be damaged or stolen and you could be expected to pay higher premiums accordingly, whereas access to a locked, secure garage could easily result in some great savings.
Investing in additional security devices could be a great way to reduce your private hire insurance quote, and if you combine that with in-depth research you’ll be able to save even more. Heading to a price comparison site (such as Quotezone) will mean you’ll be able to easily compare the options to find a deal, and if you make sure to provide as much information regarding your security devices as you can (discussing things with your insurance firm if necessary) you could get a great rate whilst ensuring your vehicle is protected from every angle. What could be better than that?