Hire and reward insurance is necessary for a wide variety of professions, some of which include taxi drivers, removal companies, livestock haulage and courier services. It is a specific insurance product aimed at any business that moves cargo that belongs to other people for payment (reward). Like car insurance it is a legal requirement to have hire and reward insurance. If you need multiple quotes for a hire and reward for a van or a car select the get quotes button above.
Shop around: When renewal time comes around it is time to find out what other brokers have on offer. Most brokers will save discounts for new customers. Existing customers will normally not qualify for these incentives and you may pay the same or slightly more. So do not feel guilty by swapping to a better deal for your pocket come renewal time.
The costs of hire and reward insurance will depend on a number of factors. We have highlighted some of the main main factors below.
Drivers: The age and history of the driver is a big factor. Underage or drivers under 25 should expect to pay more than over 25 drivers. In addition, if you have a history of claims this will negatively impact your quotes and some brokers may not even offer you a quote.
The cost of extras can have substantially impact on your premium. Consider if you really need these, for example do you need a courtesy car if you already have access to a second car if required ? Breakdown cover, is it cheaper to take this out with nationwide breakdown specialist. If it is a new car it may be already included for free.
If your job entails travel to Europe check that it is explicitly included in the policy that you have selected, never assume anything to be included. In most cases, insurance policies will include the following. Please note some of these are optional extras and you may choose to remove if not essential.
It always pays to shop around when you are in the market for new insurance or first time insurance. Many companies offer specialist insurance for hire and reward drivers. It is important to get different quotes as some companies will charge different prices for cover that is very similar. Start with us be selecting the Get Quote option below. Don’t stop ate some companies do not appear on comparative web sites. Aviva taxi insurance being a good example.
We help you compare the cost of hire and reward insurance in the UK. Getting multiple quotes enables you to see the alternatives that are available from different insurance brokers and this normally leads to you saving money by obtaining a policy that meets with your insurance requirements at an attractive price. Consider what you need and avoid over insuring, but more importantly never leave yourself under insured. When completing the quote form please ensure that you enter the correct contact details so that broker can email you quote and insurance coverage details.
There are a few things that a broker will need to know before they give you a quote for hire and reward insurance, such as how long you have held a full UK drivers licence, how many years of no claims bonus that you have accumulated, and what type of car you plan to use to ferry passengers.
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