Do private hire drivers have to have comprehensive insurance or third party ?

Question

Do private hire drivers have to have comprehensive insurance or third party ?

Answer 1

Whether the owner of the car has 3rd party or comprehensive insurance is up to them, but I imagine most reputable companies will insist on fully comp. But that only covers the actual car. They MUST have full public liability and "hire and reward" insurance though to be allowed to charge fares.

Answer 2

They can have fully comp or third party. There is no set rule. I worked as a private hire driver for 9 years

But with so many drivers going about with no Insurance, it is advisable to have fully comp.

Insurance for Private Hire is very expensive though because they are on the road so much and there are only about 5 or 6 insurance companies they can insure with. I was paying £2500 a year third party with 6 years no claims and 30 years driving experience, and a clean licence.

Answer 3

Comprehensive covers your vehicle, so if a tree falls on it for example, your insurance pays you to repair it (less your deductible).  If you have no loan, you don't need this.  Same thing with collision, except collision covers your car if you get in an accident regardless if its your fault or someone else's fault.  If you are driving someone else's vehicle you can't insure their vehicle.  If you're driving your own vehicle you don't need to but may want just to protect yourself and keep yourself in business if you have a problem.  You'll definately want liability insurance or some sort and I would suggest a lot of it.  There may even be extras you can purchase to cover.  I'm not sure.  An agent would be better suited to answer your question.

Answer 4

Good experience you might get here.

http://insurance.freetipz.info/insurance...

Answer 5

they need a special insurance policy to cover public liability  and be fully comp