Manchester Taxi Insurance – An Ultimate Comparison For Your Coverage
Whether they are operating a classic London Black Cab or they’re a private hire driver, hundreds of men and women around the country make a solid income as licensed taxi drivers.
However, becoming a taxi driver is a demanding profession that necessitates not just a reliable vehicle and extensive experience, but also the proper insurance coverage right from the start. If you don’t get it right, you can run off the road before you can put the car in gear and release the brake.
What is Manchester Taxi Insurance?
Taxi driving is a profitable profession, but it is not without its dangers. You owe it to your customers, employees, and yourself to ensure their safety at all times. Manchester taxi insurance protects you in such a situation. Taxi insurance, commonly known as hiring and reward insurance, protects drivers who transport fare-paying passengers.
It safeguards you, your car, and your enterprise from lawsuits filed by injured third parties. Taxi drivers understand the frustration of a broken-down vehicle. In the event of an accident, you must have adequate insurance to protect your health, vehicle, and income.
Types of Taxis Available
What sort of taxi service you run will determine the policy you select.
Private Hire Taxis
The vast majority of taxis operating nowadays are for private hire. Private hire vehicles (PHV) can only pick up customers at their designated pick-up locations, not on the street or at a taxi stand. A private hire vehicle (PHV) or minicab insurance policy is required. A private hire insurance is highly recommended if you drive for Uber.
Public Hire Taxis
Hackney carriages are a type of public hire vehicle. The iconic London black cab is a typical example of such a classic taxi. Taxis can either hail down passing customers or pick them up from designated taxi stands. If you operate one of these, you must have public hire taxi insurance.
Why Do I Need Manchester Taxi Insurance?
Taxi insurance not only protects you financially but also fulfils legal requirements to drive and operate as a taxi driver on the United Kingdom’s highways. It ensures that your legal fees (which can be very costly) are covered and safeguards you against lawsuits for damage or harm in the case of an accident, giving you peace of mind and security.
To apply for a taxi license, you must also have Manchester taxi insurance (either private or public hire protection). Having this insurance will demonstrate to passengers that you take your job as a taxi driver seriously and care about their safety. You’ll be able to relax knowing that you’ve done everything required by law and that you’re prepared for any unexpected situation that may arise while you’re driving.
Insurance for taxis might be complicated, but the following are examples of coverage that may be available on a taxi insurance policy:
- Public Liability insurance – It protects you financially if a passenger is injured or their property is damaged while they are in your taxi. There are options for expanding public liability insurance to cover your taxi company’s location.
- Legal Cover – Coverage for legal representation in the event of an accident claim, whether you file it or someone else does.
- Personal Use Cover – Insurance for non-business use is essential if you want to take advantage of your taxi outside of normal business hours. Keep in mind that certain local licensing authorities won’t let a partner drive a taxi unless they, too, are licensed to do so.
- Breakdown Cover – Having breakdown coverage might put your mind at ease in the event of a breakdown. All of your passengers can arrive at their final destination if you arrange for separate onward transportation for them.
- Cover for Lost Keys – If you lose your keys, your insurance may pay for a locksmith visit, new locks and keys, vehicle rental, and/or alternative transportation.
- Unlimited Mileage – Taxi drivers log more miles on the road than the average driver, so it’s nice to know that going over your mileage limit won’t cost you extra.
What Information Do I Need When Taking Out Taxi Insurance?
To ensure you have adequate coverage when searching for taxi insurance, you will be asked for the following details:
Type of Business You are Operating – Different rules apply depending on whether you pick up passengers along the side of the road or require reservations in advance.
The Area In Which You Work – If you frequently travel to locations outside of your service area, check to be sure that your insurance policy continues to cover you there as well.
What Kind Of Car Do You Drive – Insuring a vehicle with more than five seats requires special consideration. If your taxi has been customized in any manner, check with your insurance company to ensure you are still protected in the event of repairs or replacements.
Number of Taxis you Have Got – If you own multiple taxis, you may save money by purchasing taxi fleet insurance rather than individual covers.
You’ll also need to verify that you’re at least 21 years old, that you’ve maintained a valid driver’s license for at least a year, and that you have a valid taxi license.
Frequently Asked Questions
How Much Is Taxi Insurance In Manchester, England?
Insurance for taxis can be expensive for several reasons, including the type of protection desired, the worth of the taxi, the driving record of the driver, the geographical area, and more. Finding affordable insurance is as simple as getting price estimates from several different providers.
Can I Get Insurance For A Private Hire Taxi In Manchester?
In Manchester, private hire and public taxis both have access to insurance. Public hire taxis can pick up people without a reservation, but private hire taxis require coverage that covers pre-booked trips.
When Compared To Car Insurance, Why Is Taxi Insurance So Much More Expensive?
Because taxi drivers log more miles per year than vehicle drivers, their insurance premiums tend to be higher. Because of the nature of your business, you also put yourself at risk of being sued for damages if a passenger is hurt. Having passengers also implies you’re likely driving a larger vehicle, which might increase your premiums.