What does private hire insurance cover?
What does private hire insurance cover?
Private hire insurance (or PHV insurance) is for drivers of minicabs and minibuses that are licenced to carry passengers for hire and reward. A good private hire insurance policy will provide cover for all the risks that a taxi driver will face.
How much does taxi insurance cost UK?
Depending on your experience, years without claims, convictions, car details or other important information, prices do vary. Private hire insurance could cost between £1500 and £3500 per year for comprehensive private hire insurance cover.
Is private hire insurance expensive?
Private hire taxi insurance is more expensive than conventional cover because taxi drivers complete more miles than other motorists, and often do so in congested conditions. This is why taxi drivers can find they pay a premium for their cover compared to standard motorists.
What is Dvsa taxi test?
Many local authorities will require you take a taxi assessment test, which may be carried out by a DSA Driving Test Examiner. The test will require you to show a level of driving skill and ability associated with that of an experienced driver. You will also need to demonstrate a sound knowledge of the Highway Code.
Is it worth being a taxi driver UK?
Overall, the UK’s taxi drivers are a much more varied and skilled group of people than most people realise. Certainly if you’re a people person or like being left to your own devices without too much interference, then the taxi trade could be a great choice for your career.
How much does it cost to be a black cab driver?
The training can be very expensive with some trainees paying over £200,000 while learning. The black cab itself is very expensive to buy – around £45,000, with newer hybrid models as much as £65,000. Long hours – 8 hour shifts are standard and drivers may be on the road for as many as 12 hours a day.
Can my wife drive my private hire taxi?
Could my spouse drive the taxi for non-work related purposes? Yes, you can get your spouse insured on your taxi, but first make sure your licensing authority allows this or that your partner is a licensed private or public hire driver. If they are not, they may be unable to drive your taxi.
What insurance do I need for private hire taxi drivers?
That’s because private hire insurance only covers pre-arranged appointments from a selected pick up point, like minicab drivers or airport pickup companies. Legal cover, breakdown cover and public liability insurance are all optional ‘bolt-ons’ you might want to consider adding to your taxi insurance policy.
What is the difference between taxi and private hire?
Like any taxi, private hire vehicles transport passengers to their desired location. The difference between taxi insurance and private hire taxi insurance is that private hire drivers can only pick up passengers that have pre-booked via the taxi rank they work for or through their own personal company.
What are the different types of taxi insurance?
There are two basic types of taxi insurance, they are public hire taxi insurance and private hire taxi insurance. Your coverage options and rates will vary based on which type you need. Unlike private hire taxis, public hire taxis don’t need to be pre-booked.
What is private hire insurance and do I need It?
Private hire insurance is a legal requirement of all private hire vehicle drivers in the UK who pick up passengers that have pre-booked their taxicab. What does private hire insurance include? Like any taxi, private hire vehicles transport passengers to their desired location.
