VTC insurance deductible: how to negotiate it?

The VTC insurance deductible is negotiable. It can be reduced or waived depending on the contract, the insurer, or the level of coverage chosen.

As a VTC driver , you are exposed to numerous risks: accidents, whether at fault or not, broken glass, theft, vandalism, etc. These claims, if covered by your insurance, often result in the payment of a deductible . That is to say, an amount that remains your responsibility even after compensation.
Often overlooked when signing up, the deductible has a direct impact on your profitability in the event of a claim. So, how does it work? Can it be negotiated? And what are the best practices for obtaining a favorable VTC contract ?
KT VTC & TAXI guides you in optimizing your contract.

What is a deductible in VTC insurance?

Definition

The deductible is the amount that remains the responsibility of the VTC driver after an accident. The insurer only intervenes beyond this threshold.
Example: if your contract provides for a deductible of €500 and the cost of the claim is €1,500, the insurer reimburses €1,000 and you pay €500.

Common Types of Franchises

• Fixed deductible : a specific amount (e.g. €400 per claim)
• Proportional deductible : a percentage of the amount of repairs
• Relative deductible : the insurer does not compensate if the amount of the damage is less than the deductible

Why is negotiating your deductible essential for a VTC?

Less financial loss in the event of a disaster

A private hire vehicle often generates several thousand euros in monthly revenue. A high deductible can disrupt its cash flow in the event of an accident or broken glass.

Too low a deductible can increase the premium

Conversely, a contract with no deductible or a very low deductible can cost more per year. So you have to find a good balance .

Can You Negotiate Your Deductible? Yes, Here's How

1. Compare market offers

Not all insurers offer the same deductible amounts. With KT VTC & TAXI , you can access contracts specially negotiated for passenger transport professionals, including deductibles adapted to your activity .

2. Adjust the deductible according to the type of guarantee

You can choose to negotiate:

• A reduced deductible on glass breakage , very common in the VTC sector
• A zero excess on civil liability , obligatory but not very subject to claims
• A deductible modulated on the “all risks” guarantee, depending on the value of the vehicle

3. Play on optional guarantees

For example, some insurance companies offer a waived deductible if the claim is caused by an identified third party. Others allow you to buy back part of the deductible by adding a few euros per month to your premium.

Our advice for choosing wisely

• Read the general conditions carefully : deductibles often vary depending on the nature of the claim (accident, theft, breakage, etc.)
• Avoid contracts that are too “low-cost” with hidden or high deductibles
• Go through a specialist broker : at KT VTC & TAXI, we negotiate the best deductible/price/guarantee ratios for you according to your profile

Conclusion

The deductible in VTC insurance isn't a minor detail: it's a strategic element to be negotiated at the outset of the policy subscription. Too high a deductible can be costly in the event of a claim, while a controlled deductible protects your profitability.
With KT VTC & TAXI , you have access to solutions adapted to your activity and your budget, with the possibility of personalizing your contract according to your real needs.

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