Inverness is cheapest place in UK to start being a taxi driver says new study
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Inverness is the cheapest place in the UK to start running a taxi according to a study released by taxi insurance experts.
Zego found that Inverness tops the list as the most cost-effective to be a taxi driver.
The company have examined several administration costs that are required when setting up as a taxi driver in each UK city.
Startup factors include the average cost taxi insurance, initial cost of a Disclosure and Barring Service (DBS) certificate, average cost of a taxi licensing fee (for three years) and the average cost of petrol per litre.
The top 10 study rankings are as follows: 1. Inverness 2. Hereford 3. Aberdeen 4. Ipswich 5. Kingston upon Hull 6. Cambridge 7. York 8. Lincoln 9. Gloucester and 10. Birkenhead.
Start-up costs in Inverness totals £853.87, Hereford £893.45 and £919.60 in Aberdeen.
Costs soar to more than £1000 from No 4 onwards, with Birkenhead at No 10 costing £1121.16.
Croydon is 15th on the list, with a £1154.10 startup total.
Zego CEO Sten Saar said: "Today taxi drivers are an essential part of society, transporting members of the public daily.
“Taxi insurance is a broad term that can be applied to insurance for private hire vehicles, black cabs and Uber drivers, and it is important a taxi driver knows which one is most suitable for them.
“Private hire insurance provides cover for licensed drivers who carry pre-booked passengers in return for payment. Private hire insurance is sometimes called taxi insurance, minibus insurance or PCO insurance, specifically for people who drive passengers for a living.
“It is important to be aware that your standard motor insurance (known as social, domestic and pleasure), does not cover this type of business activity.
“Public liability insurance is also recommended for taxi drivers, as it provides protection for claims against the driver. Normally this is for circumstances such as if a passenger suffers a personal injury or damage to their property while either in, entering or leaving the taxi. In this case it will cover you against any legal or compensation claims."
"In recent times, taxi drivers have felt the brunt of inflation across the UK, therefore will are looking for ways to reduce their outgoings – and there are several ways to do so.”
