Private hire taxi insurance is required by all drivers working out of a taxi depot. These are the taxi’s that you will call to come and collect you and take you to another destination. Insurance is required by law for any vehicle that is using the public highway. This is the same for the private hire taxi who commonly ferry people around from the shops to their home and vice versa for example.
Private Hire taxi insurance is usually more expensive, but you can reduce the cost if you have a clean license, good driving record, no claims against you and if you are over 25 and have been driving for more than a year. Firms that wish to hire drivers must ensure that the vehicle has private hire taxi insurance. The different types of insurance are fully comprehensive, third party fire and theft and third party only. You must have one of these to be able to drive your vehicle legally.
The driver’s vehicle must have one of these types in order to be fully protected. The laws are very strict and it can be to the driver’s great cost if he should be found to not have insurance. Worse still should you have an accident when ferrying passengers. There have been incidents where a driver has lost a lot of money or with firms going bankrupt due to not having insurance.
Insurance for private taxis can be paid at a monthly rate and for a small fee it is essential that you protect not only your passengers but also yourself. It is possible to reduce the cost of this type of insurance by going online and looking through the many different websites that offer insurance. It is also a good idea to double check everything that is associated with your policy by researching using the internet.
Private hire taxi insurance is an essential requirement for those who wish to drive a taxi and it is the law, so be sure that you purchase insurance before you drive.
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