Taxi Driver Online

We are already seeing more and more insurers pulling out of the taxi market.

In the same way banks and massively reduced their exposure on lending, so insurers have done the same with risk exposure. NIG have pulled out of the market, HSBC have gone into run off, Jubilee have gone into run off, I understand Brit and Service have pulled out, Compucar have stopped writting Taxi insurance fleets and make be looking at the same of individuals.

Its getting very tough out there for to get cover for a good rate.

Im hearing that weekly taxi insurance rates around liverpool are around the £100 a week mark! Id be interested to here back from people who have been hit by these massive increases.

Its not all bad news though, the rural type area and those in the 'executive private hire' market are seeing new products. We have yearly premiums from £850.00.

My advice is this gentlemen - if you can afford to pay a minor accident yourself rather than claim then always do so, if your vehicle value is under £2500 consider the move to third party only - chances are you will have at least a £500 excess for comprehensive anyway! and of course, shop around and put the time in - deals are still out there but harder to get.

Im of course always happy to speak to anyone who needs advice.

Tony.
Atlantic & Pacific Insurance Group.
Tel. 0844 873 3929
Email. info@atlanticandpacificinsurance.co.uk

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Atlantic & Pacific Insurance Group offer taxi insurance on a weekly, monthly and quarterly basis including taxi fleet insurance.

All,

Quick market update, as I am sure you have all noticed, then number of insurers for the taxi industry has reduced again dramatically over the course of the last 12 months. What the industry needs is some new faces to increase the competition and start to make insurers start to compete for business.

In the meantime we have recently negotiated a deal on ANNUAL taxi insurance for drivers ANYWHERE in the UK which is aimed in particular at YOUNGER DRIVERS, DRIVERS WITH MOTORING CONVICTIONS, DRIVERS WITH CLAIMS and also drivers who have little or Zero no claims discount - in short those who are really struggling even getting a quote! We can quote you over the phone and get you covered in minutes!

Give Toni at our Bolton office a call to discuss this further on 0844 873 3924 and hopefully this will help some of you guys.

All the best.

Tony.

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Atlantic & Pacific Insurance Group offer taxi insurance on a weekly, monthly and quarterly basis including taxi fleet insurance.

In an ideal world taxi insurance should only be around £100 above a private quote, allowing for the fact we are on the roads more.