Taxi insurance policies can come in a range of different configurations to suit the needs of the individual driver, with cover ranging from the more basic end of the scale (third party) to more comprehensive. The level of protection you’re looking for is often a very personal choice and can depend heavily on your budget, and this precise consideration leaves many people to opt for a more basic level of cover. But, this can often be a mistake. Opting for comprehensive taxi insurance in the UK can be a far better decision, but just why is that?
The most basic answer is that comprehensive insurance ensures you’re ready for anything, and in this industry that level of protection can make all the difference. As a taxi driver you’ll be on the road for far longer than a regular vehicle and will therefore be more likely to be involved in some kind of accident or break down, and even though it isn’t nice to think about you still need to make sure you’re prepared. Then there’s the fact that your taxi is your livelihood and if it were to be off the road for any reason it could have a severe impact on your finances, and that’s before we’ve even considered the cost of repairs and replacement vehicles—comprehensive cover can avoid this problem by giving you the high level of protection that you’re looking for, and things like breakdown assistance and replacement vehicle cover can be invaluable.
Of course, you need to consider your passengers as well. If they were to be injured whilst in your vehicle you could be held liable, and in this situation any legal and medical expenses can quickly spiral out of control. Again, that’s why comprehensive cover should be your only option—many firms will offer legal and medical expenses cover as an added extra which can, again, be invaluable. All of these reasons and many more besides mean that comprehensive taxi insurance in the UK should be your only option, and when you put it all together you’ll soon see how important it can be.