Tempcover, the UK’s leading online temporary insurance broker, looked at the taxi fare price increases in the UK’s largest cities during the Christmas period which averages at a whopping 37% increase.
Taxi prices per mile and the increase over the festive period in some of the UK’s largest cities
*taxi fares are taken from data released by the official city councils
|Location||Average night taxi fare per mile||Average taxi fare over the Christmas period per mile||Percentage price increase per mile over the Christmas period|
|London||£7 – £9.60||£11 – £13.60||42%-57%|
Price increases in Leicester, Leeds and London average at 50% over the Christmas period, followed by 37% in Bristol, 36% in Edinburgh, 23% in Sheffield and 18% increase in Liverpool.
A more affordable way of getting home after a night out at Christmas is to insure a friend or family member with temporary car insurance.
Prices of temporarily insuring a friend or family member on your car
*prices are based on the Ford Focus Zetec
|Location||1-day price||12-day price||28-day price|
If you intend to travel seven miles or more over the festive period, temporarily insuring someone else on your car for one day instead of taking a taxi is already more affordable in some of the largest UK cities, excluding Leeds, Sheffield and Liverpool.
|Location||1-day temporary car insurance price||7 miles taxi fare over the festive period|
“Price increases at peak times during the festive period can put a huge dent in your Christmas budget. Whether you’re taking the designated driver duties or need dropping home after a night out, you can get real value for money with temporary insurance from Tempcover.
You get flexible, fully comprehensive cover from just 1 hour up to 28 days and because it’s a standalone policy, it won’t impact the vehicle owners no claims bonus.”