If you are thinking about hiring a cab, whether it is a luxury taxi or a budget taxi, you need to consider private hire taxi insurance. The best way to find out which is the most suitable is to get a few quotations and compare them. You can easily do this by going online. The majority of companies will have a page on their website that offers free quotes. These are based on a few simple questions which take just a few minutes to answer.
Typically speaking, private hire taxi insurance is often more expensive than public cover. This is because private hire taxi drivers depend on being at the correct place at the correct time to flag down a potential customer on the street. Public taxi drivers are much more likely to pick up an unruly passenger who may damage their private taxi.
It is possible to work out your insurance costs by taking the same vehicle when using a third-party insurance policy. In addition to being covered by the vehicle third-party policy, you will also have cover from the car insurance company. This is because the car insurance company will be paying for any damage or repairs that they have to make to a vehicle that has been in an accident. The cost of a private hire taxi insurance policy is therefore lower than if you had used third-party cover with the same vehicle.
Private motor insurance policies are usually cheaper as the driver is an individual who is not linked to a specific vehicle. However, there is one significant disadvantage. If the private hire driver damages the vehicle that he is driving, he is liable to pay for the cost of repairs.
It is advisable to get a separate private hire taxi insurance policy for your personal vehicle. This is because you need to have your personal details at hand when applying for a new taxi badge. Without this information it would be difficult to claim financial compensation for damage or injuries to yourself or passengers. If you do not already have this type of insurance policy you should start shopping around for a new private hire insurance policy.
If you want to make savings on your public and private hire taxi insurance then you should consider booking your trip using an online booking service. By using these services you can book your trip weeks in advance and save money. It is easier to book through a booking service than through the main public transport operators as the majority of operators will often offer you a small discount for booking your trip online.