Do you want to become a PCO driver but don’t have a PCO car? You can obtain one with PCO car rental schemes. These schemes offer an ideal way to start earning quickly without leasing or buying a car. In fact, as the demand for PCO vehicles grows, the rental companies are offering PCO cars that are fully insured, so the drivers have one less thing to worry about.
In this blog, we will look at the essential details of owning PCO rental cars with insurance. Let’s get started.
What is PCO Car Rental with Insurance?
When you rent a PCO car, the vehicle usually comes with an insurance policy which is different from the standard insurance that the cars for personal use have. This insurance is designed to cover the risks and liabilities that come with driving a private hire car.
For instance, it comes with public liability insurance, which protects you against legal claims or injuries caused to passengers or third parties while working. The best part about PCO car rental insurance is that you don’t have to separately purchase it. It is usually included in the rental costs, saving your precious time while keeping you compliant with local regulations.
Another great benefit of PCO car rental with insurance is that you get coverage for theft or accidents – an important factor when you are driving someone else’s car. With PCO car rental insurance, you also get roadside assistance. So, in case something goes wrong while you are driving the car, you won’t be left stranded.
Why Should You Rent a PCO Car with Insurance?
There are several reasons to rent a PCO car with insurance, including:
Low Initial Costs
Renting a PCO car is an excellent way to get started in the ride-hailing industry with low initial costs. You can start earning right away without having to buy your own car, which requires a hefty investment.
Let’s admit, if you are thinking about becoming a PCO driver, you probably can’t afford to buy a car. In this situation, renting a PCO car helps you start working with a small initial fee, which you will be paying on a weekly or monthly basis.
Insurance Included
Being a private hire driver requires you to have proper insurance. Without it, you cannot work with any ride-hailing company. When you rent a PCO car with insurance, you get peace of mind, knowing that you are covered without having to deal with insurance companies or third parties.
You just need to sign the contract with the rental company, and you are good to go.
Offers Flexibility
Unlike buying a car where you are stuck with the same model for years, renting allows you to change cars whenever you want. This is particularly useful if your circumstances change and you want to upgrade to a newer model.
Also, the private hire industry is extremely unpredictable. There are peak seasons, such as holiday rush when the demand is high and there are quieter periods when you struggle to find a single passenger. When you rent a PCO car with insurance, you can easily adapt to these fluctuations.
No Long-Term Commitment
Whether you are new to the PCO world or want to test the waters of the ride-hailing industry, renting a car with insurance allows you to make a start without long-term commitments. If it’s not meant for you, you can simply return the car to the rental company and choose a different path. No loans to pay off or commitments to cancel.
Plus, you don’t have to manage servicing or maintenance of the car. The car providers will be the ones doing that, not you.
How Does PCO Car Rental with Insurance Work?
It’s a simple, five-step process. Here’s how it works:
Choose a Rental Company
You can start by choosing a company that offers PCO cars on rent with insurance. There are several companies that offer their services in this field, and you can pick them either online or through referrals.
Provide Documentation
These are the documents you need to provide in order to rent a PCO car:
- A valid driving license
- Proof of your PCO license
- Proof of address
- A clean driving record
Sign a Rental Agreement
Once you have provided all the necessary documents, you will need to sign the rental agreement. It typically includes all the terms and conditions that you will need to follow. So, read it carefully before signing.
Make the Payment
Now it’s time to pay the rental fee. You will be paying this fee on a weekly or monthly basis, depending on your contract terms.
Start Driving
Once everything is in place, you are ready to start driving your PCO vehicle.
What if I Want to Get a Premium Car like Mercedes EQE on Rent to Buy Scheme?
If you are considering EQE rent to buy option, that’s even better. This is because with the rent-to-buy option, every payment you make leads you towards car ownership. And when you own a car like Mercedes EQE, it instantly sends a message that you are serious about your job. The passengers love premium cars even if it means paying higher fares. As a result, you can take your income to the next level.
