Unfortunately, there are a lot of people who do not bother to review their taxi insurance premiums at the time their cover is coming up for renewal. As a result, they may end up having to pay more for their cove than they have been doing in the last twelve months.

Nowadays, motor insurance providers when sending out a renewal notice have to notify the policyholder how much their premium is going to be for the next year but also mention in the correspondence how much they have been paying for the previous year. This is clearly stated in the documentation and it was hoped would encourage more policyholders to shop around for cheaper cover with another provider.

You may find it interesting to read that, according to the Confused.com Car Insurance Price Index, that is produced on a quarterly basis, the cost of fully comprehensive cover fell in the second quarter of 2020 to an average of £770 per annum compared to an average of £809 per annum in the first quarter of 2020. That is a drop of an average of £39 per annum.

In the current economic climate, where taxi drivers have seen their income reduce substantially in recent months due to COVID-19, any saving on their taxi insurance premiums would be welcomed by taxi drivers and those operating private hire vehicles.

So, if your taxi insurance is shortly coming up for renewal, why not spend a little time doing some research to see if you can get the cover you require but for a lower premium than you are currently paying. In this respect, why not use us to help obtain a competitive quotation without any obligation. It should only take a few minutes to do this and it may be time well spent. We very much look forward to being of assistance as we have been to many taxi drivers.