Compare Milestone Taxi Insurance

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Guide to Milestone Taxi Insurance

By Eamonn Turley
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Eamonn Turley Insurance Expert

Eamonn Turley has a wealth of experience within different insurance sectors. Through hard work and over time, he has gained expertise in digital marketing and user interface design. Elements that are crucial to any successful online business. The key aim is to develop websites that are intuitive, fast to load and provide insurance quotes tailored to your needs.

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 July 2023

Milestone taxi insurance is now part of Radius Insurance. Before that, Milestone was a well-established independent Commercial Insurance Broker based in Leeds. They also had additional offices in Sheffield and Glasgow. With a broad knowledge of the market, they are able to search for the best product to suit your needs. Milestone origins date back to 1979 in Leeds. 

Milestone is one of many providers in this sector and other like Acorn taxi insurance and Haven should also be included when searching for the best deal. 

Highlights of Milestone Taxi Insurance

Milestone insurance consultants introduced a camera policy that helped keep premiums low for taxi and private hire drivers. They partnered with the UK’s leading vehicle CCTV companies to adopt single and dual cameras to help reduce fraudulent claims and thereby reduce premiums. 

The key benefit of employing technology especially for fleet operators is that the data can be sued to improve drivers' behaviour and thereby reducing the number of fleet claims, a win win situation. If an accident does happen, the camera will prevent fraudulent claims and also reduce the risk of cash for crash accidents

What Type of single Vehicle Taxi Insurance do I need?

The two categories are Public hire insurance and Private hire insurance. If you drive a taxi that can be flagged down on the street, then you will need public hire taxi insurance. If you drive a vehicle that can only be prebooked, then you will need private hire insurance.

  • Private Hire Vehicles  - Are vehicles that must be prebooked and cannot be hailed down  
  • Public Hire Vehicles - Before Uber, this was the mainstay and consist of black cab, minicabs, hackney carriages and these can be hailed down or queued for at taxi stands. In general, this class includes any vehicle that is licensed by the council to pick up fares on the street and at taxi ranks

How much is taxi insurance for one vehicle?

The use will between private and public use will have an impact on the cost of taxi insurance, but the main factors that determine how much you pay will likely relate to your age, location, annual mileage, and how long you have held your taxi badge.

Take steps to lower the cost of taxi insurance 

As a taxi driver or a private hire driver, your risk profile will be higher than those that use their cars for social domestic and business use. Mainly because you will be constantly on the road, even in bad weather, conditions. This plus other factors increase the risk of having to claim against your insurance provider. If you can take steps as below, you could benefit with a cheaper taxi insurance quote from Milestone insurance consultants. 

  • Annual Premium payment :  Most insurance providers add an extra admin fee for processing monthly payments, paying annual should reduce your policy cost. 
  • Additional Security : Adding an insurance approved tracking device will help recover your vehicle if stolen and should be rewarded with a lower quote. 
  • Vehicle category : If you are getting into the taxi business and working to a budget, consider a vehicle that is in one of the lower insurance categories.

Please speak with one of the milestone insurance consultants on these and other suggestion that they may have to lowering your annual or monthly premiums.

Taxi Fleet Manager Benefits:

  • Improve Employee Driving Standards
  • Reduce Vehicle Wear and Tear
  • Vehicle Journey History Log

Taxi Driver Benefits:

  • Better fuel economy
  • Reduce Vehicle Wear and Tear
  • Prove your Innocence in any Scam
  • Protect Against Exaggerated Claims

Milestone Taxi Insurance Benefits:

  • Mitigation of Personal Injury Claims
  • Incident Frequency Reduction
  • Underwriting Profitability Increase
  • Faster Claims Process

milestone insurance consultants Contact Number

24/7 Helpline 02921 329 337
Address Radius Insurance Solutions - Eurocard Centre, Herald Park, Herald Drive Crewe, Cheshire, CW1 6EG
Email insurancemarketing@radiuspaymentsolutions.com
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