Don’t have your registration number? No problem, click here.
- Policies for Owner Drivers
- Monthly Private Hire Insurance Policies Available
- All Levels of Cover Available
- Taxi Fleet Insurance Policies for Private Hire Firms
- Electric taxi private hire insurance
- Public Liability Insurance
- Legal Assistance
Private Hire Insurance Explained
Private hire insurance (or PHV insurance) is for drivers of minicabs and minibuses that are licenced to carry passengers for hire and reward. In London you may need PCO insurance.
Under the conditions of the licence, they cannot be hailed in the street and must be pre-booked or hired from a designated taxi rank.
Getting the correct taxi insurance policy for your private hire vehicle is essential whether you are operating in a major city like London, Manchester or Birmingham, or elsewhere in the country.
When you’re looking for private hire insurance online, it’s important to know exactly what it is you’re looking for. There are many types of cover that you can get with private hire insurance, PCO insurance or PHV insurance which are covered in detail further down the page (including Uber driver insurance who will need private hire insurance).
This is where Clean Green Compare can help. With a few clicks, we can put you in touch with a wide array of private hire insurance providers who can provide a quote for PCO insurance, PHV insurance or taxi insurance. You’ll find:
- Policies for Owner Drivers
- Monthly Private Hire Insurance Policies Available
- All Levels of Cover Available
- Taxi Fleet Insurance Policies for Private Hire Firms
- Electric taxi private hire insurance
- Public Liability Insurance
- Legal Assistance
A guide to private hire insurance
When you’re looking for private hire insurance quotes online, it’s important to know exactly what it is you’re looking for. There are many types of cover that you can get with private hire insurance, such as PCO insurance, PHV insurance and Uber driver insurance.
What is private hire vehicle insurance?
Private hire vehicle insurance is a type of commercial vehicle insurance designed specifically for vehicles that are used for pre-booked transportation services. This type of insurance is mandatory for drivers who operate private hire vehicles, such as minicabs and chauffeur services, and it provides coverage tailored to the risks associated with transporting passengers for a fee.
The reason that private hire insurance is so important is that not only are you required by law to have it, but it is not possible to run a business without it. The dangers that private hire taxi drivers face on the roads are too great to leave things to chance. Not only do taxi drivers have to worry about other road users and the danger that they pose, but also the risks that come from passengers too. A good private hire insurance policy will provide cover for all the risks that a taxi driver may face.
Helpful Links
National Private Hire & Taxi Association – The NPHTA is an organisation that provides useful support and help for cabbies everywhere.
Licensed Taxi Drivers’ Association – A membership group for taxi drivers, the LTDA is also a support group for those that work in the trade.
What are the different types of taxi cab/PCO cover?
- Comprehensive – Comprehensive insurance is always recommended for taxi drivers. It covers you in all scenarios when there’s an accident.
- Third Party Only – This is the lowest level of cover you can get and still be in accordance with the law. It might typically be cheaper than comprehensive insurance but it’s not adequate when you spend so much time on the road.
- Breakdown Assistance – This is an extremely useful type of cover for taxi drivers. If your vehicle breaks down, then you want to know that you’ll be back on the road again as quickly as possible.
- Fleet Insurance – If you own a fleet of private hire taxis then it may makes sense to insure them under one taxi fleet insurance policy. Not only does this make things much simpler if you need to make a claim, but it may also save you money.
- Public Liability – It’s essential that you have public liability cover if you’re a taxi driver. There’s always the possibility that a passenger or member of public could make a claim against you, and it can be devastating if you don’t have cover in place.
How is the cost of taxi insurance determined?
The cost of a private hire policy will depend on a few different factors. Firstly will be the age, driving experience and claims history of the driver themselves. Next will be the value of the vehicle being driven and its current condition. Lastly will be the number of vehicles being insured on the policy.
Often private taxi operators will get all their vehicles insured under the same policy – private hire fleet insurance – to save money and make paperwork easier.
Don’t have your registration number? No problem, click here.
Why compare private hire taxi insurance?
Those taxi drivers who work through an office and cannot legally pick up at the roadside will need to be in possession of private hire insurance. While this isn’t quite as costly as public hire vehicles it still costs a pretty penny but you must have it to legally transport passengers. Those starting out should be looking out for the best deals around on private taxi hire insurance whereas those in the trade who maybe have got a bit apathetic towards their insurance company should also be having a look at what’s out there.
Whether you are starting out in the private vehicle hire business or have been in the trade for a while and are complacent towards your insurance, it makes sense to compare PHV insurance policies. That way you can feel confident that you have made an informed choice by seeing what different options, policy features and benefits, and prices, are available.
Highly tailored policies
Is your current policy lacking in some areas but has other things you will never want or need? Private hire insurance does not come in one size fits all and our panel pride themselves on highly tailored policies which contain everything you tell them that you do want and absolutely nothing that you don’t.
How to compare private hire taxi insurance quotes easily
What is the easiest way to compare quotes for private hire insurance? Our way.
Our user-friendly website has made is quicker and easier than ever to compare all the PCO insurance quotes which have resulted from the answers you have given to the questions. Once you have been contacted by the panel of insurance providers, this can be in list form with the prices and excesses etc clearly listed so you can make an informed decision as to which insurance solution is most appropriate for you.
Did you know?
There are several ways to reduce the cost of your private hire taxi insurance, such as paying for your policy upfront, having somewhere secure to park your taxi when you’re not using it and increasing the excess.
Save time and money on your private hire taxi insurance
If you are looking for private hire insurance you do not want to spend hours in front of a computer in your precious free time trying to find a suitable deal. From starting to answer our questions to the results appearing on your screen really does take a matter of 30 seconds. You shouldn’t have to waste time on saving money, and when you come to us, our aim is to make sure you’ll be saving on both!
Multiple payment options for private taxi insurance
It’s hard to believe currently that some private hire insurance providers still insist on the premium being paid in one lump sum. The panel offers multiple payment options which give you flexibility and make it a lot easier on your bank balance.
Instant documentation
What is the point of getting quotes and selecting your private hire taxi insurance within minutes if you then have to wait for hours to get your documents through? Instant documentation means exactly that. You make your initial payment your documents arrive, simple as that. No messing about waiting or having to keep checking your emails. You pay and the documents are sent – simple. The majority of the panel offer this facility.
Money saving tips for your PHV insurance
There are potentially several ways to save money on private hire insurance. Below are three of the best:
- Pay annually – If you pay for your policy for the whole year rather than monthly, this may typically work out cheaper.
- Make your vehicle secure – To minimise the risk of theft, you should have an alarm and central locking on your cab. This shows insurance providers that the risk of theft is decreased and therefore they can offer you a more attractive price on your policy.
- Get multiple quotes – Getting multiple private hire vehicle insurance quotes means you get a clear idea of what you should be paying for a policy and gives you the ability to select the most appropriate policy for you at what you consider to be a cost-effective price
If you click the button below, you’ll be able to receive multiple quotes from private hire insurance specialists.
In summary: Buying private hire vehicle insurance
Private hire vehicle insurance is a crucial element for anyone operating a private hire vehicle in the UK, ensuring legal compliance and protection for both the driver and passengers.
- Legal requirement: Operating a private hire vehicle without the appropriate insurance is illegal and can result in hefty fines and penalties.
- Financial protection: Provides financial coverage in case of accidents, theft, or damage, safeguarding your livelihood.
Passenger safety: Ensures that passengers are covered in the event of an accident, enhancing trust and reliability in your services
Get private hire insurance quotes now
To get private hire insurance quotes from a panel of specialist insurance providers now, simply click the green button below.
Don’t have your registration number? No problem, click here.
