Is RAC Taxi Insurance Worth the Cost?

One of the largest recurring costs among professional drivers is taxi insurance, and to locate the appropriate one may be a daunting undertaking. When such a reputable company as RAC provides taxi insurance, numerous drivers are inclined to ask the same question: Is RAC Taxi Insurance worth the money?

According to Noah Billy, a taxi insurance specialist at QuoteRadar, “Recognition and reputation after all are good things but to taxi drivers what counts most is that whether the cover satisfies their real world needs, secures their livelihood and provides them with a good value for money”.

We will, in this article, dissect what RAC Taxi Insurance UKnormally provides, how it fulfills the needs of what actually taxi drivers require and whether insurance provides safety, assistance and affordability.

What RAC Taxi Insurance Offers?

Taxi driver insurance is not the same as the normal motor insurance. Taxi drivers find themselves in high-populated city centres, taxi drivers transport passengers on a hire and reward basis, long hours of work, and thus drivers are likely to experience more minor crashes, passenger lawsuits, or theft. The taxi insurance packages offered by RAC are designed with this consideration.

Basic cover under best RAC taxi insurance in UK usually encompasses:

• Public Liability Insurance — Protection in the case of injury or damage to the property of a passenger or member of the general public as a result of your work.
• Hire and Reward Cover — This is necessary as ordinary car insurance does not cover paid passenger transport.
• Vehicle Damage Cover — This is the cover that protects your taxi but it will depend on whether you have chosen third party, third party fire and theft cover or comprehensive cover.
• Optional Add Ons — Includes legal expenses cover, windscreen protection and replacement vehicle cover.

Another strong point of RAC taxi insurance is its presence in the breakdown and roadside assistance sector. A great deal of drivers are relieved knowing that the insurer has a great motoring background too, which could also come in handy in case of claim handling or roadside assistance.

The Value of Reputation and Support:

One of the reasons why most drivers will go to RAC taxiinsurance is because of the brand name. RAC has a reputation in the UK in terms of roadside support and motoring services. This reputation can provide peace of mind not due to its ability to provide a reduced price but due to the fact that drivers are confident that claims and customer care can be addressed with professionalism.

In the case of tax drivers, the concept of good support should not be taken lightly. You need a good communication, reliable customer care and smooth claims process when you are on the road all the time. Drivers have been reporting that having taxi insurance providers who have worked in the taxi field make claims handling quicker and less stressful.

In straightforward terms, it might be worth paying a little more to get a convenient service when it ensures that your policy will pay off when you need it most.

Comparison Of Price Against Other Providers:

Most of the taxi drivers are afraid of price. Trusting a big name such as RAC is one thing, and paying a lot more than the competition is another.

In most market comparisons, RAC taxi insurance may be more expensive than a few specialist taxi insurance brokers. Specialist providers might also provide lower premiums due to their ability to customise cover to particular taxi routes, usage, telematics or experience.

Nevertheless, cheaper is not the necessarily the best when the policy has a high excess, fewer benefits and restrictions on what it actually covers. Cheap budget policy may sound good but there may be some hidden penalties or insufficient claim support that could cost you more in the future.

Who Could Be Most Helped By RAC Taxi Insurance?

RAC taxi insurances will be worth the money to those drivers who:

• Desire good customer services and professional services in claims.
• Favour the reputation and security of a big insurer.
• Value combined motoring services (such as breakdown cover and insurance)
• Serve in risky locations where quality coverage is more important than low price.

To other drivers particularly those seeking simplicity and reliability, cheap RAC taxi insurance provides a transparent package that they can rely on without taking hours to examine each specialist broker.

When Inexpensive Alternatives Are Preferable:

Cases exist when taxi drivers may be better off elsewhere:

• In case of a clean driving history and good no claims bonus.
• When you do not require a wide array of add-ons and are interested in very rudimentary legal and liability protection.
• In case you feel comfortable with online or broker based service which handles the claims but does not have a big brand name.
• When you would like to have telemetrics / usage-based insurance as a solution to potentially reduce premiums.

Drivers in such categories can access cheaper policies with the help of specialist taxi insurers or brokers.

Conclusion:

Then, is RAC Taxi Insurance UK worth the cost? This is a question of what matters to you as a driver.

In the case you like the well-known brand with the well-established customer service, clearer claims processing, and extended coverage related with the daily taxi risks, RAC taxi insurance might be worth paying a little more. The security that a well established insurer has is worth something when your livelihood depends on your taxi.

Nevertheless, when lower price is your foremost concern and your risk profile is good, there are specialist taxi insurance brokers that may provide the same insurance at a lower price, yet without compromising on the legal requirements.