Everyone wants to get the best deal from their Cambridge taxi insurance, and one of the ways to do that is to make sure you’ve got the right excess. However, you need to be realistic so you don’t come unstuck in the event of a claim, so it’s vital that you’ve got the right balance so you can get the best from your taxi insurance Cambridge.
Having an excess that’s too low is likely to see your Cambridge taxi insurance premiums skyrocket, and a lot of people prefer to have a higher excess to compensate. They don’t see the point in paying higher premiums just so they’ll have to pay less in the event of a claim, and in the long run they think having lower premiums will work out better.
However, it’s important to remember that taxis are fairly likely to be involved in an accident at one time or another, perhaps on their way to Cambridge University, with statistics showing that taxis have many more accidents than regular road vehicles. This is largely because they travel much further than normal vehicles, so would explain the increased probability of an accident.
This fact means that taxis will be more likely to make a claim on their insurance, so you need to make sure that you’ve got the balance right. There’s no point increasing your excess to make your Cambridge taxi insurance policies cheaper if you then can’t afford to pay that excess in the event of a claim, as that defeats the object entirely.
As you can see, it’s essential that you choose the right excess to go with your Cambridge taxi insurance policy. You need to be able to afford it, and that applies to both the monthly premiums and the excess you’ll have to pay in the event of a claim, so getting that balance just right will ensure that you’re getting the most from your Cambridge taxi insurance policy.
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