If you’re in the market for taxi insurance, you might be wondering what kind you actually need. With so many options to choose from it can be difficult to know where to start—do you want a basic policy or something more comprehensive? What about adding named drivers or opting for added extras? As your taxi is your livelihood it’s important to be prepared for any eventuality, and that’s why any driver taxi insurance could well be the way to go.
This type of insurance effectively insures the vehicle rather than its driver—it offers cover no matter who drives the taxi, meaning anyone (with a valid licence, of course) can get behind the wheel and would still be fully covered. It’s the perfect choice for anyone who runs a taxi business and who may not know what drivers will be available, meaning different drivers will be able to share the same vehicle without jeopardising insurance cover. In fact, in any situation where you think you may not be the sole driver you might want to opt for this level of cover, giving you complete protection no matter what.
But, it’s important to remember that this type of insurance will often be a lot more expensive than regular policies. Because so many drivers could potentially use the vehicle you’ll be deemed as a higher insurance risk so your premiums will rise accordingly, but if you make sure to only let careful drivers with a good driving history get behind the wheel you’ll be able to negate the cost (and the risk) as much as possible. It’s all about discussing your needs with your insurer, and if you make sure to give them as much information as you can you could easily be left with the policy that meets your needs as well as your budget.
In a nutshell, if you’re not going to be the sole driver of the vehicle then any driver taxi insurance could be right for you. You can be safe in the knowledge that your vehicle is fully covered no matter who’s in the driving seat, and the increase in premiums could be a small price to pay for getting the peace of mind you need.