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Taxi Insurance Quotes from Try Compare

Taxi Insurance Quotes from Try Compare

A good insurance policy provides your business with protection from financial loss in the event of an accident. Principally, insurance transfers risk from the policy holder to an insurance company.

Insurance policies usually need to be renewed each year, often with the option of paying upfront in one go, or paying in monthly instalments. Insurance companies assess the details of each potential new customer, providing a tailored quote. The price of the policy will reflect the model and age of your vehicle, your age and driving history, alongside many other criteria that they’ll factor in. Car insurance is a legal requirement if you use your car on public roads in the UK, and driving a vehicle without correct insurance is a punishable offence. There are many insurance policies available in the UK, and car insurance can provide cover for your vehicle if it is stolen, catches fire, or is otherwise damaged as a result of an accident. The minimum legal level of insurance cover you must possess is third party insurance. If you are found driving a vehicle on a road or in a public place without the minimum insurance cover, you might receive penalty points on your driving license, and your vehicle could be seized or even destroyed. You could also face a driving restriction.

Get Taxi Insurance Quotes fromTry Compare

There are three levels of car insurance policies – Fully Comprehensive, Third-party fire and theft, and Third-party only. Fully Comprehensive policy covers you if your vehicle suffers accidental damage, requires repair after an accident, or is a victim of vandalism. Third-party insurance covers damage and injury inflicted only to third-party individuals, but not to yourself or any damage inflicted upon your own vehicle. Third-party fire and theft policies offer extra protection over Third party only insurance, covering replacement or repair to your car if it is stolen or damaged by fire.

As stated all vehicles on the road must have adequate insurance, and taxis are certainly no different. There are an ever greater number of taxis on the UK’s roads, which in turn increases

the risk of one being involved in an accident. Taxi insurance is more expensive than standard car insurance, due to the amount of time taxi drivers spend on the road and the associated risks of carrying fare paying passengers. Standard taxi insurance covers you for any third party loss of property, vehicle or to individuals. In case of an accident, it also covers the driver and the vehicle. The cost of the insurance can change depending upon the mileage covered in a year. There are two classifications of taxis in the U.K; Public hire taxis can be called from a taxi rank or directly from the street, whereas private hire cabs are pre-booked via app, phone or website. Taxi insurance is comparably more expensive than standard car insurance, but that doesn’t mean that good deals can’t be found. If you use Try Compare to compare taxi insurance quotes online, they can find you the best policies at the very best prices. When you compare taxi insurance, make sure you check the policy provides adequate cover for your vehicle and your occupation, Try Compare has a team of professional customer service agents who’ll answer any questions you have and help you find the cover you require, at a price that fits your budget.

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