Young Taxi Driver Insurance – What you Need to Know
Whether you want to become an uber driver, or drive a black cab, your age shouldn’t be the deciding factor. Here are some of the main facts you need to know when getting taxi insurance as a young driver
Can I get Taxi insurance as a young driver?
Taxi drivers under 25 are classed as young drivers even though you could have 8 years of driving experience. Typically taxi insurance for young drivers will be more expensive than for drivers over the age of 25. Finding an affordable policy can be difficult with the majority of insurers only offering cover for the over 25’s.
Why is taxi insurance for young drivers so expensive?
Insurance is always calculated based on the risk it imposes. Research has mostly shown that young drivers are statistically more likely to get into accidents for a number of reasons. Unfortunately, this must be reflected in their insurance price.
How To Get a Cheaper Taxi Insurance quote?
As we have seen before it is possible to get taxi insurance as a young driver, however, premiums do tend to be considerably more expensive. Here are some factors to consider when trying to keep your premiums down:
Your taxi
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.
Your experience & driving history
There is no substitute for experience. Insurers will consider the length of time you have been driving, the types of vehicles driven along with your age and your claims history.
Where you live
If you live and work in the centre 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
Having a higher excess on your main insurance policy can help keep your premiums low, the excess this amount of money you need to pay in the event of a claim.
Find more ways to reduce your taxi insurance price here
Where Can I Compare Taxi Insurance Quotes for Young Drivers?
Comparing taxi insurance quotes online can often be difficult. Most price comparison sites focus only on drivers over 25, and insurance brokers that protect drivers under 25 are also few and far between, luckily Quote the Market has the solution.
Quote The Market offers instant taxi insurance quotes from a wide range of the top taxi insurance providers. This allows you to actually compare various insurance options regardless of your age.
Our aim is to put insurance back in the driver’s hands so we will never give your information to brokers without your consent. You will be able to compare prices on our platform and only be contacted by the insurer you choose, no more cold calls!
Our wide panel of insurers allows for drivers of all ages and circumstances to get a real price comparison they can choose for. From young drivers to drivers with convictions, everyone should have a chance to save money on their taxi cover.
Visit our Taxi insurance page to learn more about our offering or click the button below to begin a quote journey today
