When it comes to private hire taxi insurance, quality should always come first. Your vehicle is your livelihood so it’s absolutely essential to have a decent level of cover, complete with all the added extras you could need to be confident that you’re ready for anything. But, that doesn’t mean you want to spend a fortune in the process. Budgets are tight and we all have to be on the lookout for ways to save some cash, and if you go about it the right way you could get quality insurance without the usual price tag.
One of the best things you can do is take advantage of any discounts that can be found. No claims bonuses and even new policy discounts are always worth looking out for, and you can often find additional discounts if you arrange things online or pay by Direct Debit. Extra incentives could make a huge amount of difference—things like vouchers may not bring your premiums down but you’ll be saving money elsewhere, so it could all work out in the long run.
Make sure you’ve got the necessary security devices installed in your vehicle and ideally make sure you’ve got a locked garage in which to store it, because something as simple as that could drastically reduce your premiums. Another great option would be to increase your excess—many insurers will be more than happy to reduce their prices if they won’t have to pay out so much in the event of a claim, and while you’ll of course need to keep it realistic it could be a quick and simple way to keep costs down.
But, the key to the whole thing is performing comparisons. It’s only by seeing what’s out there that you can be confident in finding the best deal, so never be tempted to pick the first policy you come across as it will often be the wrong choice. Once you’ve narrowed down the options you could even call up a few companies individually and engage in the good old art of haggling—you never know what you might be able to achieve unless you try, so bear in mind these tips and you could get quality private hire taxi insurance without the usual price tag.