Keeping costs down is at the top of the agenda for people in all walks of life, but unfortunately there’s one thing that could eat into your pocket—insurance. You want to keep costs down but if you’re driving a minicab for a living you need to make sure you’re getting quality cover too, so just how can you save money on minicab taxi insurance?
Well, there are plenty of things you can do to save some cash, but to start with you need to do a bit of research. You want to get great cover at great value for money and that means you need to scout out the best deals, and if you head to specialist price comparison sites (such as us) you could soon find prices that won’t break the bank.
But, that’s just the beginning. Once you’ve narrowed down a few options there’s nothing stopping you from seeing how much more you could save, because invariably the price quoted can always be bettered. The first thing you might like to try is picking up the phone and calling your potential insurance company—you never know what they can do unless you ask, and if you’ve got alternative quotes to back you up you’ll have great bargaining power.
Then you should consider increasing your voluntary excess. Your insurer will normally be able to offer great discounts for the simple fact that they won’t have to pay out so much should you make a claim, and as long as you keep it within a reasonable level (i.e. so you could afford to cover it should the time come) you could soon have extra cash in your pocket.
Other things include adjusting your level of cover or number of added extras (but always make sure you’re getting a high enough level of cover to cope with the demands of your industry) and always be on the lookout for any added discounts you can find, and if you go about it the right way you’ll be able to save cash on your minicab taxi insurance to stay on-budget whilst being completely prepared.