Insurers of all kinds take a number of things into account to decide what premiums you’ll have to pay, and Exeter taxi insurance firms are no exception. Just one of the things that will need to be considered is your postcode, but a lot of people wonder whether postcodes will really affect their taxi insurance Exeter. Your taxi won’t be at your home address for a lot of the time after all, so will it really make a difference?

Actually, yes, your postcode can have a significant impact on your Exeter taxi insurance premiums. Insurance will be needed to cover your taxi both when it’s in use and when it’s not, so insurance companies always need to be prepared.

They use what’s called a “postcode rating system”, which is essentially a scale that decides how safe your neighbourhood is. If your neighbourhood is deemed to be unsafe then your Exeter taxi insurance premiums are likely to be higher because of that extra risk, and vice versa.

It works like this. All UK postcodes are ranked on a scale of A to F, with A being a good postcode with the safest neighbourhoods and F being unsafe neighbourhoods and as such high risk. If you live in a “safe” neighbourhood then your premiums will be lower, but in an “unsafe” neighbourhood your taxi is deemed to be more at risk of theft or damage so your Exeter taxi insurance premiums will be higher to reflect the increased likelihood of a claim.

So, your postcode can seriously affect your Exeter taxi insurance premiums, and you could find yourself paying different amounts depending on whether you live near Exeter International Airport or the M5, for example. It’s important to speak to your Exeter taxi insurance company directly to see just how much of an effect it could have, but remember that if you negotiate and shop around for the best deal you’ll be able to find an affordable policy no matter where you live.

Insurer	Outstanding Features	Quote
	Private and public hire vehicles single or fleet cover, Bonus earning schemes available, 3, 6 and 12 month policies, Flexible Payment Options, Cover available nationwide, Minibuses, MPV and coach cover. £100 cashback or free breakdown for new customers! Terms and Conditions may apply.	Freephone Quoteline 0800 466 1989