As a private hire driver also known as minicab you will need to obtain a private hire insurance policy to be able to use your minicab vehicle for hire and reward purposes. A myriad of options are available to the individual licensed driver and also to company fleet operators.

Minicab firms that own and run multiple vehicles for their private hire business, a private hire taxi fleet insurance policy could be an excellent option. Not only could this save you money but also would ease the administration burden with only one renewal date to remember. Some insurers will accept fleet policies from only two vehicles but most tend to offer minicab fleet insurance quotes where there are at least 5 or more vehicles.

It is still a good idea to shop around even if you operate a few private hire vehicles. Some insurers will still be able to provide a quotation online. Taxi fleet policies offer many advantages such as the fleet can be a mixture of different vehicles and different levels of cover can be allocated to individual vehicles. For example some taxi cars can be insure under fully comprehensive cover whereas other taxi cabs can be covered under a third party policy. Also the vehicles can be a mixture of public and private hire cabs.

Another advantage of a private hire fleet insurance policy is that the vehicles can be a mixture of saloon cars, minibuses and taxis all under one policy. Vehicles can be added and deleted on the policy at any stage.

The best way to obtain cheap private hire insurance quotes is by going online and searching for taxi brokers that are specialists in the hire and reward market. A specialist broker will search a range of taxi insurance companies on your behalf to obtain you the best possible quote for your requirements.

By managing your fleet with proper risk management could also save you money on your premium. As a fleet operator you are likely to employ drivers that you have little knowledge about. By taking a few simple precautions and vetting the drivers you can reduce the number of claims. A few examples of this include by taking copies of drivers licences, getting previous references, having a mileage log, putting in place accident procedures and implementing safe driving protocols. Also ensure vehicles are regularly serviced and maintained.

A private hire fleet insurance policy can be taken out on, with any driver basis but by naming individual drivers usually will result in lower premiums. Also all drivers’ claims history and any motoring convictions must be declared.

Active Insurance is an independent insurance intermediary specialising in hire and reward policies for Britain’s taxi drivers. Offering both private hire insurance and public hire taxi insurances, all at great rates for new and experienced drivers.