Insurance for taxis is becoming not only extremely competitive in terms of pricing but also in terms of flexibility.
Short term temporary taxi insurance for example allows drivers to take out policies ranging from 1 day to 11 months.
As the policies are shorter than that of the yearly standard policy, the overall costs tend to be higher so taking the time to compare prices between companies is advised.
There are many reasons why drivers require temporary and short term temporary taxi insurance.
Their current insurance policy is expiring and while they wish to search for a new provider, a temporary short term temporary taxi insurance option suits them.
Additionally, this insurance is very quick and easy to obtain.
Drivers who own their vehicles may be in a transitional phase in relation to the purchase of a new vehicle.
Taxi drivers may find they have a job that requires they leave the country, hence a standard UK policy may be void.
Current vehicles may be damaged or in need of repair so a driver may be using an alternative that they are not insured on, hence no need for long term cover.
New members of staff maybe in training with an experienced member of staff so will not yet be allocated or have purchased their own vehicle.
Temporary staff will also need cover so short term temporary taxi insurance is needed.
Additionally, short term cover allows drivers to keep their existing standard policy, without any adjustments being made, so no need to cancel existing polices.
Additional drivers can also be added should the taxi be shared by multiple employees.
Temporary short term taxi insurance can initially be expensive, the valid reasons that drivers require this specific insurance type eliminates the need for longer polices.
If one were to obtain a standard 12 month insurance policy when only a one month taxi insurance is really needed, they are then liable to pay cancellation charges to the insurer.
Therefore it is more cost efficient in the long run to opt for shorter policies.