Both new mini cab and experienced minicab drivers with many years under their belts can get cheap private hire insurance quotes by comparing taxi insurance rates online. Private hire is also commonly called as minicab insurance within the pre-booked licensed hire and reward trade. Many new websites now exist purely to cater for the insurance needs of a cab driver from the vehicle insurance to taxi breakdown assistance cover and many other useful add-ons.

The main issue that private hire drivers have with obtaining quotations on the internet is that there is no human touch. There will be occasions when you need to clarify a few points and these can be easily explained over the telephone as opposed to online. The main many benefit of obtaining online private hire insurance quotation is the ease, the speed and the ability to compare many taxi insurance companies relatively quickly and at any time of the day. Minicab drivers can go online at the weekends, evenings or at other time that is appropriate to them and very quickly get many different private hire insurance quotes for their licensed vehicle.

Even though the internet is probably the quickest and fastest way of getting taxi insurance quotes it doesn’t necessarily imply that these quotes will be the cheapest for your particular circumstances. There may be a local insurance broker that has negotiated great rates for the local private hire trade from a specialist hire and reward insurance company. Because these private hire insurance rates are only available for a specific taxi licensing authority the broker may not advertise this on their website. So minicab drivers should still keep their options open as to how they shop for their minicab insurance policy.

I larger cities such as London, Birmingham, Bristol etc, there will be many high street insurance brokers some of them possibly specializing in taxi insurance policies. In the smaller towns and cities such as Litchfield, Burton-on-Trent etc this may not be the case. In this instance the private hire driver needs to rely on the internet, trade publications and word of mouth as the best method of getting cheap private hire insurance quote.

An important point to note is that even though you might obtain ten different private hire insurance quotes, the terms and conditions will vary considerably from one taxi insurance company to the next. Make sure you read all the documents sent to you very carefully and thoroughly. A particular quote may seem cheap initially but with the policy carrying a high excess, high finance charges and high mid term adjustment charges could potentially cost you a lot more than what you initially perceived to be a cheap taxi insurance policy.