Monthly Archives: March 2012

Cab Insurance Policies

Insurance for your taxi is required by UK law. Taxi insurance is necessary, be it for public use or private. It is compulsory as you could end up paying very heavily or you could even be put in jail. It is also required by law to have the correct type of insurance to be allowed to ferry passengers. To insure your taxi you must first know the two main types of insurance. The first is for public use and the second for private use.

Public taxis are the famous black cabs of London, such vehicles are required to have a license from the reigning vehicle authority in the area. Also public taxis must have insurance that allows them to stop and pick people up from the side of the road. However, private insurance for taxis is such that is used by local taxi firms that operates through an office. Usually private taxis are called upon and then they come pick you up and take you to the destination you wish to reach.

These two main types of taxi insurance have three different cab insurance policies. These policies are fully comprehensive and allow anybody to drive the vehicle,since there is no restriction, third party thefts and unexpected fires which is to recover the vehicle from any damage and lastly third party policy which only covers the damage that is experienced by the drivers or the passengers.

There might be an excess set on the insurance of taxi cabs which may be set on a monthly basis. It is an offense against the UK law if you do not have insurance for your taxi, it is a small price to pay in comparision to the heavy fines that may be imposed upon you if your taxi is found without insurance also it is safer to get insurance. The consequences of not having insurance and getting into an accident can be pretty heavy. Taxi companies have gone into bankruptcy by claims against them from dissatisfied passengers. Insurance is an important aspect of driving a taxi so be sure to get insurance for your taxi.

Insurance for Taxi: Why is it Required?

The law of the United Kingdom requires you to have taxi insurance. It is a major criminal offense to drive a taxi in the UK without certified taxi insurance. If you do so, you will end up paying a huge fine or might even be put into jail. You are required not only to have taxi insurance, but the correct type of insurance is just as substantial to avoid any future repercussions.

There are two main types of insurance for a taxi in the UK: public and private taxi insurance. The former category basically includes the cabs that are usually parked at the side of the roads and are available for use by the public round the clock. These are required to have a license from the local vehicle authority. Private insurance for taxis covers insurance for private taxi firms that offer on call services, and are available to pick and drop you at specified destinations.

There are three main taxi insurance policies in the UK that cover both private and public users. These policies are comprehensive and allow anyone to drive a taxi, required that they meet some standard criteria. There is a policy that offers insurance on fire and theft and is called the “third party fire and theft” policy. This saves the driver form any loss due to third party damage. Another insurance policy known as the “third party only” covers only the driver and passengers. All these policies are aimed at protecting users of the widespread cab service in the UK and making sure that there are no undesirable ramifications.

As a taxi owner or driver, you have a liability not only to yourself, but also to the large number of passengers that ride your taxi. Taxi insurance policies are also extended to cover funeral furnisher’s mourner’s car, hearses, hospital and social service cars, school contracts, chauffeur driven limousines and wedding cars. Living in the UK, you would rather pay a small price for taxi insurance than get caught for driving a cab without insurance and then having to pay a much bigger price if an accident occurs.

Taxi Insurance Company-How should I select one?

The only way to get the best taxi insurance is by understanding the fundamentals of insurance. Choosing your taxi insurance is very different from buying insurance for a private vehicle. it would be a smart decision to conduct a thorough market research upon all the companies that offer the product in question. It is also advisable to get a more professional opinion by hiring a specialist trained in the field of taxi insurance. this will enable you to make a reasonable and wise decision and choose the insurance company that would be most appropriate for your needs.

5 main factors should be kept in mind before you make your decision; firstly the price. Naturally, it is more favourable to get the cheapest insurance one can find. However, look past the price and into payment alternatives that the company offers. for example, payments in installments through direct debt. The next factor to consider is whether or not the company offers any discount, never ask the compnay for discounts. Go through their catalogues and product details and you may find discounts offered after a specific annual mileage. Also if you have a ‘no-claim bonus’insurance companies would value you more since you would be less likely to get into accidents or other hazards. Also, having your taxi equipped with enhanced security devices helps in getting discounts and possibly lower premium costs.

The third factor is the extent of coverage available. Check whether your insurance company covers any damages made to the third party in the event that the taxi does has an accident. Also, if you plan on expanding your business you could use the same insurance company to cover your entire fleet.

Another factor you need to undertake before you make your final decision is to check whether any extra facilities are available. These could include legal services and breakdown coverage to help with sustenance if your taxi goes into extensive repair.
Lastly, pick the insurance company with prompt and high service quality.This would save a lot of time and reduce stress if your taxi insurance is prompt when the time arises.

Get the Cheapest Van Insurance

Everyone today wants to save money when they spend money. Insurance can cost a lot to manage but it is required in a number of situations. The cost is usually higher when you pay for premium insurance plans. This does not always suit your budget and the higher premiums can become a headache to deal with. Owning a van is great but without van insurance, you cannot drive it around. Getting van insurance is mandatory for you to be able to utilize your van.

However, if you are looking for a way to find the cheapest van insurance available, you need to be smart in how you select your insurance. You also need to know that finding the cheapest insurance is all about being smart, doing your research/homework, and assessing your options.

Be Smart. Van insurance like all other insurance is tailored to certain needs and premiums are based on certain profiles. There is insurance that is available for business owners, drivers, personal van owners and even those who trade individually. The type of van insurance that you choose to get will be based on what functions you use the van for. Comprehensive insurance will include insurance for certain things on the van such as the doors, keys and locks among other things. The size of your van is another thing to factor in. A larger van may attract a larger insurance package.

Do your homework. Once you have assessed the different packages, be sure to set your budget. If you do not have a budget range, you will not know when you have reached your limit. Find out what extras and add-ons do you want covered under the insurance plan that you have selected. Also review and compare quotes for van insurance policies that are in your area. Some insurance providers will charge your quote based on how often you drive the van. This will give you an idea what the cost involved in insuring your van will be. It can also help you to decide what extras you want covered under your van insurance plan.

Assess your options. Once you have the quotes and different insurance policies in hand, it is time to assess your options. Some insurance companies will give you the cheapest van insurance if you provide as much information as possible about the van and what it is used for. To find the most reasonable deal on van insurance, you need to bring your options down to the lowest price and the best value for money, package. Everyone wants to save money but not every insurance company is willing to help you save money. You should choose the best insurance plan that fits your budget range and gives you value for your money.

If you want to find the cheapest van insurance, you will have to have an eye for a bargain. Look for any discounts, bonuses and incentives that reduce your premium payments. Also remember to be smart, do your homework and assess your options before selecting any van insurance package.

This article was written by the PR division at Cheaper Van Insurance. For more information please visit www.cheapervaninsurance.co.uk

How Do You Know If You Have Cheap Car Insurance?

Television commercial, magazine advertisements, and more seem to regularly point out the fact that you may not have the most affordable car insurance available today. If you are like most people, you made an effort to compare car insurance months or even years ago when you purchased your existing auto insurance policy. Your may have gotten a few quotes and made the decision at that time to take the lowest quote you found. Yet the fact is that if it has been more than six to twelve months since you last got a quote for your insurance, you may not have the cheapest insurance policy available. So how do you know if you have cheap car insurance or not?

Rates Change Frequently

Many drivers today do not realize just how frequently insurance rates change. There are so many factors that go into calculating a driver’s insurance cost. These factors include vehicle-related crimes in your area, your age, your driving history, the value of your car, the average repair costs for your car, and more. These factors change with time, and insurance rates fluctuate to accommodate these changes. More than that, each insurance company looks at these factors a bit differently. So the insurance company that offered the best deal for you last year may not have the best rate for you today.

Shop for Savings

Because rates do change frequently, the only way you can possibly know if you have cheap car insurance today is to shop around for new quotes. Many experts actually advise drivers to shop for rate quotes every six to twelve months to ensure that you never pay more than necessary for your auto insurance. One of the most efficient ways to shop for rate quotes is to use a rate comparison website. These websites provide you with the ability to gather numerous rates with just a few minutes of your time. Once you have several quotes in hand, you can then easily determine which company can provide you with the lowest price for your auto insurance today.

Car insurance is one of those expenses that drivers simply must pay for, but you don’t have to pay more than necessary to protect yourself while on the road. By making an effort to shop for new rate quotes regularly and by using price comparison websites to streamline that process, you can always feel secure in knowing that you are not paying more than you need to for your car insurance policy.

Ratings for taxi insurance online

In looking for the best deal for taxi insurance, it is highly advisable to search through the insurance quotes available online. With a rapid increase in the number of insurance companies in the United Kingdom, increased competition had lead to many companies posting their insurance quotes online. Thus these quotes are more accessible to potential customers now. Moreover, if you need taxi insurance, all you have to do is specify you’re the extent of cover you require and you will find a number of quotes pertaining to your specifications.

Taxi insurance online has made the process of securing an insurance deal practically effortless. When looking for taxi insurance online, keep in mind that the postcode you provide to an online insurance company will affect the price you are offered for a quote. Insurance companies in the UK use a postcode rating system, which determines the safety of the neighborhood you live in. The degree of safety of your neighborhood is taken as an indication of the safety of your taxi. Your post code rating decides what online quotes you will be offered and at what prices. Postcodes in the UK are rated from A to F, with A being the low risk and desirable postcode and F being the high risk and undesirable postcode.

The worst your postcode rating, the higher the level of risk associated with your taxi and the higher the premium you will be offered on your online taxi insurance quote. This follows from the fact that the riskier the neighborhood, the higher the probability of your taxi being stolen or damaged. Hence insurance companies have to prepare for that kind of risk. This may seem rather illogical for some people, since the taxi will probably be in use outside the confines of the neighborhood for the most part. However, your permanent residence needs to be taken into account when deciding the extent of cover you require in your insurance policy. It is quite evident from this discussion that your postcode rating is the single most important factor in determining the favorability of your online taxi insurance quotes.