Ever wondered what exactly Private Hire Insurance is about? Or you are simply one of those who think private hire insurance is perhaps the same as taxi insurance. Well, relax and be rest assured because by the time you are done with this piece of information you will certainly be well informed on what this means as well as the insurance related issues you must know.

Private hire vehicles are entirely different from taxi thus demand a particular type of insurance cover. These vehicles are meant to carry passengers not exceeding nine passengers. They are open to the public for the purposes of hiring and the carriage of passengers. This means one would have to make a prior booking in order to enjoy their services.

As taxis are the legally required public transport to openly carry passengers in the UK the activities of private hire vehicles were necessitated by the fact that as more and more people became jobless, they tended to look for alternative means of livelihood thereby giving birth to this phenomenon of private hiring.

To gain the license to embark on this activity, one would have to fulfill certain legal requirements as per the transportation laws of the land. This is not only to protect the public who would patronize such services but also for the interest of the vehicle owner who can face severe sanctions including jail sentence if operated illegally.

For instance it is a strict requirement to pass tests like heath, criminal records and local authority tests before one is issued a photo identity card needed for daily operation.

Since the vehicle is a monetary investment coupled with the involvement of human beings, insurance protection becomes very important in case the unfortunate happens. An appropriate insurance cover would be needed as per the set standards of the local authority. Public Liability covers even though not a part of the insurance would have to be included in order to meet the local criteria. Private insurance companies with in dept specialty would be able to give useful advice on the best of choices you would have to make here.

The initial insurance cost for the year is usually on the high side but one can adopt other ways to keep the cost minimal.
First of all, you save yourself loads of discount if you prove a history of no claims recorded. This would help put your insurance cost considerably low.

One other means you can use is to take a Third Party Policy. However, it is important to stress that in case of any incident your car if damaged would not be taken care of by the policy but the other party. At least you have some cover to operate.

In cities and places where there are high risks of fire, burglary, insurance companies may provide to cover those risks and not only the Third Party.

Before you step on the road, the best advice I can offer is to speak to a specialist on Cheap Private Hire Insurance. You would be given the best of guide from available options to affordable quote.