Unless you have been very fortunate, when you receive your annual taxi insurance renewal paperwork from your existing insurance company, it is quite possible that the cost of insuring your taxi for another 12 months is going to go up. Some of you will probably spend a little time in getting quotes from other insurers to see if you can get the cover cheaper elsewhere but many of you may not even bother.

Well, according to the Confused.com Car Insurance Price Index that is produced every quarter, the average cost of insuring a car has been coming down so you might like to check if you can get the cover at a lower premium when you receive your renewal notice.

The above index covering the 4th quarter of 2024 reveals that the average cost of car insurance has fallen by £161 per annum in the space of a year to £834 per annum. It also reveals that just in the last 3 months premiums have fallen by an average of £27 per annum.

Below is the average premium for the 4 quarters of 2024: –

Q1 2024 £941 per annum
Q2 2024 £882 per annum
Q3 2024 £861 per annum
Q4 2024 £834 per annum

It really doesn’t take too long to shop around to see if you can save on your taxi insurance especially when you have access to the Internet. There are many price comparison websites enabling you to put in the information required just once and then obtain quotes from a number of different insurers. In many cases, you can even arrange the cover online or, if you prefer, you may also be able to speak to someone from the insurance company.

In this respect, we provide access to a specialist panel of reputable insurance companies who can provide taxi insurance quotes. So, why not get in contact with us to obtain a no-obligation, competitive quotation. We look forward to hearing from you.