Taxi drivers and those driving private hire vehicles have been and are still going through some difficult times from a financial perspective due to the coronavirus pandemic. In fact, there will be some taxi drivers who have ceased trading and looking for alternative employment.

Hopefully, it will not be too long before taxi drivers start to earn more income especially as a number of pubs will be able to re-open in the next few days albeit on a limited capacity basis as they will initially just be able to open for “outside” customers. Some of those customers will no doubt need a taxi to bring them home after an evening out.

One of the many business expenses a taxi driver has is the cost of insuring their taxi here in the UK. Wouldn’t it be great if you could save some money on your taxi insurance? Of course it would!

Well, readers may be interested to hear that according to MoneySuperMarket.com that is a well known price comparison website the cost of insuring a car has dropped in the first three months of 2021 when comparing the same period last year. Just because the cost of insuring a car has fallen does not mean to say that the cost of insuring a taxi has also fallen but hopefully that may be the case.

In the first three months of 2021, the average amount paid by a motorist for fully comprehensive car insurance amounted to £417 per annum. In the first three months of 2020, the average amount paid by a motorist for fully comprehensive car insurance amounted to £485 per annum. That is a reduction of an average of £68 per annum – a significant amount of money.

London taxi drivers will be disappointed if not surprised to read that the capital is more expensive than anywhere else to insure a car.in the UK. In fact, if you live in East London, it is more than twice anywhere else in the UK.

So, if you have just received your renewal notice for your taxi insurance or are setting up a taxi driver business for the first time, why not get in touch with us and see if we can help you obtain a competitive quotation for insuring your taxi or private hire vehicle without any obligation. Who knows, you may be able to save some money.