Working out a ‘fair’ price to charge per mile can be a bit of a conundrum for taxi drivers who want to stay competitive. Read this Taxi Insurer guide to get an idea of how much a taxi costs per mile in the UK.
Taxi driving is a great business to get into. Provided you can drive, there’s not a great deal of additional training you’ll need to go through in order to get behind the wheel and start earning, especially as the driver of a PHV. Being your own boss, working flexible hours, meeting and helping others and the ability to earn a decent living – it’s easy to see why someone with a conviction would seriously consider this type of work.
The work of a taxi driver can be interesting and very lucrative. But when it comes to life behind the wheel, traffic accidents are an all-too-common occupational hazard. Indeed, according to government statistics from 2021 there were over 127,000 casualties as a result of road traffic accidents in Great Britain.
Having the right taxi cab insurance is an important part of protecting your driving business and keeping it profitable. But it also needs to be kept regularly updated. If you don’t, then not only might you be paying for cover you don’t need but your policy might not be valid when you eventually make a claim.
With fuel and living costs reaching record highs, any successful taxi driver will have to keep a careful eye on their bottom line if they want to stay in business. Whether at home or at work making ends meet has certainly become harder for many people. That’s why we’ve come up with the Taxi Insurer guide to cutting the cost of living. These tried-and-tested tips may not be relevant for every taxi driver but if at least a couple work out then it will have been worth a read. Indeed, some of these could potentially save you thousands of pounds over the coming year.
If you’re wondering how your taxi business can play its part then read our Taxi Insurer guide to helping your local community in a post-COVID world. We’ve got 20 brilliant ways to keep your business and community in tip-top shape.