Private hire vehicles are renowned for coming hand-in-hand with huge insurance premiums with both providers and brokers seeing such vehicles as huge risks.
Due to high mileage and the fact that they in constant use, we can understand the attitude taken when arriving at financial agreements for coverage for these drivers.
But is this really fair? Can hire firms and chauffeurs get more for their money?
With the introduction of High Gear it seems that yes they can!
High Gear Insurance Limited has made a noticeable impact on the market during its very early stages of practice. Possessing a mission to bring premiums down dramatically for taxi and chauffeur drivers there are whispers in the industry that they are coming after all private hire vehicles in a promise to save them money.
Alex Drummond, Director at High Gear, will be using his knowledge of the private hire industry to aggressively target this specific group.
‘Having worked in the private hire vehicle industry for many years I have gained an accurate picture of what this sector needs to improve.'
‘Insurance for taxis, wedding cars, limousines and chauffeur cars are infamously overpriced and we at High Gear have put structures in place to change this’
‘We seek to be the UK’s first choice for private hire insurance by 2016’
We recently learnt that High Gear have formed a partnership with Limoforum.com, a site used by customers and limousine providers to connect with each other.
It is safe to say that High Gear are making all the right movements to achieve the market success that they anticipate.
Press release distributed by Pressat on behalf of High Gear Insurance, on Monday 21 July, 2014. For more information subscribe and follow http://www.pressat.co.uk/