Taxi Fleet Insurance
Taxi companies combine the skills of driving well for a living while dealing with members of the public for numerous hours every day. As a taxi company you will be running a business 365 days a year which requires a great level of co-ordination and management. One unavoidable part of this management job is sourcing the best taxi fleet insurance for your company, ideally as cheaply as possible whilst not losing out on vital aspects of cover.
Taxi fleet insurance policies can cover for both mini and large taxi fleets, as well as contract work and home operators. The policies can be for new drivers as well as drivers who were previously renting.
There are ways to reduce the cost of the taxi insurance budget. Like with any type of motor insurance you can build up a good track record and end up saving a lot of money on the No Claims Bonus. This can range from 20 to 60% which means the savings can be significant.
Also similar to other types of motor insurance is the more experienced the taxi drivers are the more your taxi fleet insurance budget will benefit. The drivers need to have proof of the length of their experience which is evident by how long they have held their local authority taxi badge.
Additionally a taxi fleet insurance policy will look favourably when determining the taxi fleet insurance quote upon restricted driving. Many policies can offer large discounts for restricting the number of drivers per policy, especially if the policy incorporates that the driving is restricted to the owner only.
Some people also consider voluntary excess but this is something to think out with the long term possibilities in mind. Whilst in the short term having extra excess on your policy will save you money on the taxi insurance, in the medium to long term it will cost you if you need to claim.
Once you have worked out what is best for you some of the benefits in a Cover4 taxi fleet insurance policy can include:
- High level of cover at a lower cost
- Protected no claims bonus from 1 year upwards
- Unlimited windscreen cover
- Free 24 hour roadside assistance
- Free £50,000 legal expenses and complete accident management
- Free spouse cover for social use only, however this is subject to council approval
To fully understand how to get the best policy for your taxi fleet insurance requirements contact one of the Cover4 team of fleet experts on 0800 781 9790 today who will find a cheap taxi fleet insurance that fully covers your requirements.