All hackney cab drivers are required to have hackney insurance before they can start to work, and failure to do so is a criminal offense. However, many hackney carriage drivers worry that their hackney insurance will be more expensive than other types of motor vehicle insurance, but is this always the case?
Well, usually, yes. But that doesn’t mean that it’s a bad thing. Hackney insurance often has to be more expensive because the vehicle is more expensive as well, but also because it sees a lot more use than regular cars so the premiums have to be higher to account for it.
Statistics also show that taxis of all kinds are more likely to be involved in an accident or breakdown, and as such insurers have to prepare themselves for the higher likelihood of having to pay out for a claim. This will result in higher premiums for you, but by paying them you’re safe in the knowledge that you’re completely covered in the event of a problem.
Hackney insurance also tends to come with plenty of extras that you might not get, or need, from regular car insurance. Breakdown assistance will often come as standard and you might also get options such as legal cover and medical expenses, truly preparing you for everything that the job could throw at you.
Although insurance for hackney carriages is often more expensive than regular insurance this doesn’t mean that you can’t look for the best deals. There are always offers to be found, and as long as you take the time to look you’ll often be able to find the best cover at the best possible price.
As you can see, although hackney insurance is often expensive there are a number of advantages to having it that make the higher premiums worthwhile. You’ll get all the cover needed in a potentially risky job and will be able to get plenty of added extras for good measure, so make sure to weigh up all of the options carefully to get the best hackney insurance for you.
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