There are many reasons to be jealous of taxi drivers. Driving a taxi is one of those jobs that has very few entry requirements, most people who can drive, can gain a taxi driving licence. Despite its accessibility as a potential career path, if you work as a taxi driver, you’re offered a rare combination of flexible working hours, uncapped pay and an occupation that truly speaks to those that like working with other people.
Taxi drivers are always faced with new people, new situations and several locations each and every day. What a taxi driver does, by driving people from A to B, may not sound overly exciting. However, if you are the kind of person who does enjoy meeting new people and interacting on that personal level with your customers, there are very few jobs that provide the same potential as being a taxi driver.
Naturally, if you do want to work as a taxi driver, you must have car insurance for your taxi. Taxi insurance is a legally required for cars being used as taxis or hire vehicles to carry passenger, and most car insurance policies will not cover you if you use your vehicle as a taxi in a commercial capacity.
Here is everything that someone seriously thinking about taking the jump and becoming a taxi driver should know about taxi insurance.
What’s The Difference Between Taxi and Car Insurance?
The principle of both taxi insurance and car insurance is essentially the same thing. Both types of insurance are there to protect vehicle owners financially in case of any accidents they find themselves involved in, any breakdowns or other issues their car may have. However, insuring private hire vehicles like taxis is a lot more expensive than insuring your personal car.
Just How Much Does Taxi Insurance Cost?
As with all other types of car insurance, the cost to insure a taxi can vary greatly due to a number of factors. The typical factors that affect the direct cost of car insurance will come in to play. For example, the drivers age, the cars make and model that is to be insured and the drivers record or that of the business making the application will all have a direct impact effect on the final insurance cost.
The area in which you plan to work will also impact the cost of your insurance too. If intend to work in a bustling city centre where accidents are more likely to happen, you will likely have to pay greater premiums than a driver who intends to be working in a rural quiet area. The area you intend to park your vehicle when its not in use is another checkpoint that will affect the cost of your insurance.
If you are going to park your car in a dedicated off-road parking spot or garage, you will not have to pay as higher premiums as someone who plans to be park their vehicle at the roadside in a large city.
How Can I Keep My Costs Down?
Insuring your private hire vehicle is a cost you can’t hide from. However, there are a number of easy things that anyone can do in order to reduce the cost of their insurance premiums. In example, possessing a clean driving licence will make sure that you pay as smaller fee as possible for your insurance. If you’re a good driver, obey the rules of the road and avoid getting into any accidents or being caught speeding, you will find it easy to remain a good driver on paper.
You should also have your vehicle serviced regularly to make sure that it is in pristine working order and that it provides you and your passengers with a safe and comfortable ride. Schedule your vehicle to be serviced every so often, give yourself a specific timeframe, such as once every six months, or perhaps once a year for a full service check-up.
You can also opt for a vehicle specifically that is going to be cheap in comparison to insure. If you have opted to become a taxi driver but don’t yet have the use of a vehicle, first check how much it will cost to insure a any you are looking before buying it. As always, high end cars and those that have been heavily modded will cost a lot more to insure.
If you intend to work as a taxi driver, then you’ll need to take out taxi insurance. You can shop around online and use price comparison sites to ensure that you get the best deal possible.