What Are The Best Ways to Save Money on Private Hire Insurance?

If you drive a taxi for a living then you have no choice but to get insurance. A lot of people begrudge paying for insurance but there are steps you can take to make your private hire cover more affordable.

With this in mind. below are some of the best ways to save money on private hire insurance.

Get a lot of quotes

Perhaps the most obvious way to save money on private hire insurance is to get a lot of quotes. By getting quotes from a lot of different insurance providers you can easily compare them and pick the one that’s best value for money.

The great thing is that getting quotes for private hire insurance is easier now than ever. You can get quotes from a panel of insurance specialists very easily by filling out one quote form.

Pay for your policy annually

Paying more money upfront isn’t something a lot of people would relish doing but it is in fact a very good way to lower the cost of a private hire policy. The majority of insurance providers will give you a significant discount if you choose to pay for the police upfront rather than monthly so it’s definitely something worth considering.

Get only the level of cover you need

Although having a fully comprehensive policy does provide you with more protection, it will cost significantly more than a third party policy. A good compromise if you don’t want to spend too much but still want a decent level of protection is to get a third party, fire and theft policy.

Park your car securely

Where you park your vehicle when you’re not using it is one of the big factors that insurance providers will take into account. Ideally you would have a securely locked garage to keep your taxi in but a driveway is also a good option.