How much does Private Hire insurance cost in the UK?

Written by Benedict Harrison

Published on

How much Private Hire insurance costs and how you can get cheaper cover.

When you’re looking to start private hire work, there are lots of things to think about. But one of the first questions you might have is about how much your insurance will cost.

In short, the answer to how much Private Hire insurance costs in the UK is that it varies from person to person. As a private hire driver, you can expect to pay anything from as little as about £800 all the way up to several thousand pounds for insurance, depending on your individual circumstances.

In this post, we’ll look at some of the factors that affect how much your Private Hire insurance costs and we’ll explain how you can get an idea of how much your cover will cost with Zego in less than a minute.

What affects the price of my cover?

Your quote is calculated based on the details you provide us with when you sign up. Factors such as the vehicle you drive, how long you’ve held your licence, your driving history and many others are all taken into account when we calculate your quote.

This is called the underwriting process and it explains why different people receive different prices for their insurance. It’s also the reason why you won’t necessarily pay the same amount as your friend does for insurance.

How much Private Hire insurance will cost me?

At Zego, we’re always looking for ways to make it quicker and easier to get a quote for your Private Hire insurance. We believe that looking for insurance shouldn’t be a time-consuming activity.

That’s why we’ve designed a way for private hire drivers to get an estimated insurance price in under a minute. Try it out below!

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If you’re interested in getting a full quote, you can refine your quote and see an actual price for your insurance online.

How can I reduce the cost of my cover?

It’s not always easy to bring the cost of your Private Hire insurance down. But it’s worth noting that the cheapest policy isn’t always the one that’s most suitable. For example, Third Party Only cover may cost less than a Fully Comprehensive insurance policy, but you may not get the level of protection you’re looking for.

Over time, you can bring down the cost of your cover by accumulating No Claims Discount if there are no claims made on your insurance policy. At Zego, we also offer 30-day policyholders the chance to build up their NCD. If you renew a 30-day policy for 12 consecutive months and there are no claims made on your policies, you will gain 1 year’s NCD.

How much does it cost to add extra cover onto my policy?

At Zego, we offer a range of optional extras for you to choose from, so you can get cover for the things that are important to you. You can find out more about the different options available and how much they cost here.

If you’re still looking around for Private Hire insurance, fill in the form below to get an estimated price for your cover with Zego.

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Get a quote in minutes

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Retrieve your quote

If you have any questions, our friendly support team are on hand 7 days a week to help.