Taxi Fleet Insurance – 5 very important considerations
If you are searching for the best quality taxi fleet insurance at the lowest price, then the following information should come in useful.
By understanding what components a provider examines, you will be able to learn what modifications you can make to your taxi fleet management so that it develops into a better insurance possibility.
The cost of taxi fleet insurance is determined by the following factors;
The number of vehicles you wish to insure
The more vehicles you insure under your taxi fleet insurance policy, the more money you are likely to save. Having lots of taxis insured under different policies can be extremely costly and the administration can be hard work!
Engine kind and model of each vehicle
As with private car insurance, the larger the engine and the faster the taxi you drive, the more expensive your annual premium will be. The amount of passengers you carry will also increase taxi fleet insurance too. Companies transporting larger numbers may need to consider fleet insurance for PSV’s.
The driving experience & age of your employees
A taxi driver that is over thirty, relatively experienced and with a good driving history, is highly likely to save you money on your taxi fleet insurance. However, a reputable broker like insureTAXI Fleet will strive to find you the most competitive rates for your circumstances.
Where the taxi fleet vehicles are kept overnight
Taxis kept outside overnight encounter risks such as vandalism and theft. To reduce your insurance, make sure all your taxi fleet vehicles are stored under a shelter or in a garage.
Extra security features
Despite the initial investment, you are likely to pay less for your taxi fleet insurance if your vehicles are fitted with security features like immobilisers, security alarms, anti-thefts gadgets and tracking equipment. Cabbies operating in high crime areas should definitely seek more information on this.
For advice about taxi fleet insurance and/or a quote please call 0800 142 2833.