Things You Must Know About Taxi Drivers Insurance in California

Whether you own a taxi or manage a large fleet of vehicles, you need to buy the right insurance that covers all your risks and also protects you against all liabilities. This is where it gets tricky as you are often struck between maximizing your coverage and minimizing the premium. With so many companies offering taxi insurance it often becomes tough to make a call. So as a driver or one who owns a company you need to know the basics of insurance plans. In this write-up we take a look at some of the things that you need to know.

Age, Location & Mileage   
Your age, the location you are driving in and the annual mileage on your vehicle dictate the cost of taxi driver insurance in California. Drivers in the age group of 25-65 years tend to enjoy maximum benefits but others below or above this age bracket may face additional costs when buying insurance. Secondly, the location you are driving in also affects the cost of premium. Driving in high traffic cities would add to your premium as there are more chances for collisions. Similarly,the more your annual mileage, the more you would need to pay as premium as you are at greater risk compared to another vehicle that logs less mileage.

Policy Categories                
When buying taxi insurance in Washington you would need to choose between three different categories of policy-

• Policy Only – As the name suggests, this is the most basic type of insurance cover you can opt for. It offers you minimum coverage and isn’t ideally something that you should opt for given its limited coverage.
  
• Named Driver – If you are the only one who drives the vehicle, it may be the ideal coverage for you as it would cover all your risks. But this policy won’t offer coverage if anyone else is behind the wheel of the vehicle.
  
• All Driver Policy – This is something that most taxi companies prefer as it covers all risks associated with any licensed driver up to a certain age. However, on the downside these kind of policies tend to be expensive as they offer you more flexibility with your operation.

Reducing Premium Costs  
Every driver or fleet owner wants to reduce the cost of their premium. If you have a clean record with no points on your license, you would be able to bring down the premium costs substantially. So you should always drive your vehicle with care and try building up a no-claims record. This will help you enjoy great discounts on policy renewals. Another great way to reduce premiums is to install safety gadgets on your vehicle such as alarm systems, and also park the vehicle in a secured garage with CCTV cameras. These installations bring down the risk factor and along with it, the premium costs.

These things kept in mind will guide you to the right taxi drivers insurance in California. It is important for you to find the right insurer after verifying their credentials.