New badge holders Taxi Insurance- What you need to know

Taxi insurance can be expensive at the best of times, but especially for new badge holders. Whether you have just become an Uber driver or you have just completed the world-famous Knowledge test for London black cabs, here is some helpful information on insuring your vehicle as a new badge holder. 

The number of taxi drivers has increased over the past couple of years. The flexibility and the ability to work part-time has fuelled this increase. If you are considering a career switch and becoming a taxi driver then it is extremely important that you have the right taxi insurance in place. 

What is a new badge holder?

In taxi insurance, a new badge holder is a driver who has just secured His /Her taxi driving license. Regardless of your age, years on the road, and your No Claims Bonus, if you have just received your taxi license you are seen as a new badge holder. 

Is new badge holder taxi insurance expensive?

As with young drivers, insurers will take your private car driving history into consideration, however you can expect to pay more than more experienced drivers. You may have a lot of experience driving your private car but insurers still won’t have a track record of your passenger driving skills, so your insurance prices will tend to be higher.

How can I lower my taxi insurance quote?

Your Vehicle

Engine size and insurance group will have a direct impact on your premium. Choosing a smaller vehicle will help keep both your premium and overall running cost down. Use Thatchams Insurance group checker when deciding on your vehicle.

Where you live  

If you live and work in the center of a city then you can expect to pay more than if you live in a more rural area with a lower crime rate.

Your Excess 

The excess is the amount of money you need to pay in the event of a claim. Having a higher excess on your insurance policy can help keep your premiums low as the more you pay in your excess, the less insurers will have to pay for the claim.

Shopping around

There are a lot of taxi insurers that offer different levels of service. Shop around and find the best deal to suit your needs.

Find more ways to lower your taxi insurance quotes here

How can I find a low taxi insurance quote?

If you are looking for affordable taxi insurance it is important to shop around for the best deal possible. Quotethemarket.co.uk taxi insurance price comparison service has teamed up with top UK insurance brokers such as Acorn, Freeway, and Staveley Head to enable you to compare competitive taxi insurance quotes online and help you save time and money when buying your taxi insurance. 

Visit our Taxi insurance page to learn more about our services and get a quote today!