subject: Taxi Insurance Needs A Specialist Provider [print this page] Insurance is a matter that is steeped in a lot of jargon, and not many people are comfortable dealing with it themselves. The fact that there is a lot of marketing communication in the media about the various products available for consumers is not helping matters either, with each of claiming to be the best. The customer is indeed spoilt for choice but at the same time unsure of which one to go for.
Taxi insurance, like other types of motor insurance policies, is no exception and you do need somebody specialising in it to help you out with it. This person has to take into consideration your specific needs and work out a policy tailor-made for you as there is no point in taking a policy that is a general one. You could end up paying much more for it than necessary.
That however does not mean that you leave everything to the expert and do nothing. You can always do your homework at the beginning by shopping around and checking out the various offers on the websites of such providers before looking at some of the parameters that would help you take the decision on what is it that is convenient and suitable for you. This exercise will also help you communicate clearly to the specialist insurance provider about your needs and the process can be completed quickly.
The advantages of the internet need to be utilised to the full by you as, unlike the early days when you had to go visiting the insurance outlets or ask somebody to drop in, all information necessary and relevant is available at a click of the mouse. The fact that you have background information about insurance and have basic knowledge will also encourage the specialist to provide you with the right one for your needs, and not hoodwink you into taking something that is irrelevant.
Let us look at the deciding factors:
a) Price
This has got to be the most important factor, and you need to check with the provider whether you can make monthly payments without any interest component loaded to it through a process of direct debit.
b) Better deal by way of a discount
If the annual mileage of your taxi is on the lower side, you can definitely go ahead and ask the insurance provider for a discount. Similarly, your earlier track record of no accidents, as well as no traffic offences to your credit, will also help you get a better deal from them.
If you have already taken taxi insurance the previous year and have not claimed any amount, then the no claims bonus should also bring in significant relief and should contribute to a much smaller premium amount for the current year.
c) Any security system benefits
You need to check with them and also demand a lower premium rate due to the fact that you have equipped your vehicle with some security alarm systems, parking sensors and so on. All of them do their fair bit in reducing the chances of theft, accidents and that should be taken on board by the insurance providers.
