What insurance cover do I need as a Private Hire Vehicle driver?
In order to be able to carry passengers and charge them for doing so, you must have the correct insurance to cover yourself. This is known as a ‘Hire and Reward’ insurance cover and is a specialist cover available only to PCO licensed drivers using the appropriate PCO licensed vehicles
How much can I expect to pay as a Private Hire Vehicle driver per week/month?
Like any other insurance policy, the price you will have to pay is dependent on various factors such as -
- Age
- Number of years you have held your PCO & Driving license
- Number of points, convictions, or bans you've had in the past
- The vehicle you are looking to insure
How can I reduce the cost of the Hire and Reward insurance?
One of the ways you can reduce the cost of hire and reward insurance is to take a monthly or yearly policy rather than a weekly one. Insurance companies, like any other companies, are looking for some longer term commitment and in return they will reward you by offering you a better cost on your insurance.
Listed below are a few of the companies that specialise in PCO insurance
In order to be able to carry passengers and charge them for doing so, you must have the correct insurance to cover yourself. This is known as a ‘Hire and Reward’ insurance cover and is a specialist cover available only to PCO licensed drivers using the appropriate PCO licensed vehicles
How much can I expect to pay as a Private Hire Vehicle driver per week/month?
Like any other insurance policy, the price you will have to pay is dependent on various factors such as -
- Age
- Number of years you have held your PCO & Driving license
- Number of points, convictions, or bans you've had in the past
- The vehicle you are looking to insure
How can I reduce the cost of the Hire and Reward insurance?
One of the ways you can reduce the cost of hire and reward insurance is to take a monthly or yearly policy rather than a weekly one. Insurance companies, like any other companies, are looking for some longer term commitment and in return they will reward you by offering you a better cost on your insurance.
Listed below are a few of the companies that specialise in PCO insurance
- Hiller & Buchan: www.hillierbuchan.com
- Motorcade www.motorcade.co.uk
- Cubit www.cubitinsurance.co.uk
- Acorn www.acorninsure.co.uk
- Westminister www.mywestminsterinsurance.com
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