Saving money is essential today and this goes for cab cover as well. While you need to have the right level of cover to stay legal and safe while working, it is not necessary to go broke while doing so. There is a variety of ways out there to pay less for cover and still get adequate protection:
1. Be on the lookout for freebies- Everyone loves things that are free and there are policies out there that offer free glass cover, free breakdown cover and even free legal cover. Being a perceptive shopper really pays off when you can find steals like these. However, make sure that the cost of the basic cover is not being raised to make up for the free things that are being offered.
2. Take time, Shop Wisely- For the love of all that is holy, please do not take the first offer you are presented with from a company. While this is always the easiest route, if you would like to get a good deal on your cover, use your time wisely and shop around for the best policy. People are often blown away to discover how much difference there can be between competing companies. Just using a couple of hours can have you grinning every month when it comes time to pay your bill. Do not take the easy and lazy way out; scour the Net and find the greatest policy at a lower cost.
3. Use the Internet to your advantage- Today, you do not even have to leave your living room to find a tremendous deal on insurance for your taxi. The power of the Internet will allow you to compare and contrast several different insurers at the same time, freeing up your time and energy. You will also have the ability to compare various terms, policies, limitations and exclusions, so that you are positive you are getting the right cover for you.
4. Raise your excess, if you dare- The amount you must pay out of your own wallet before the insurance kicks in is your voluntary excess. The higher this number, the less your monthly premiums will be. However, this will not cause a huge price difference for many and if a claim ever needs to be filed, you will have to come up with a hefty price to have your vehicle repaired. If the claim is less than your excess, every penny will have to come out of your own pocket and this could ruin your month.
5. Drive with Caution- Learning to keep your cool behind the wheel can save you money on your taxi insurance. The longer you can go without the need to file a claim, the cheaper your policy will become. Insurers reward drivers when they do not cost them money, so staying sane in the midst of a world of crazy drivers is a smart way to save money and possibly your health as well.
6. License your taxi- Drivers with taxis that have been government licensed often-secure lower rates than their unlicensed counterparts do.
It is possible to lower the price you pay for taxi insurance without sacrificing quality, as long as you can take a few easy steps in the right direction.
Neil Anderson is a UK based finance specialist who provides advice and information about a wide range of products including Taxi Insurance. Find out more by visiting his preferred website DNA Taxi Insurance.