Shopping for insurance coverage for Y-plate automobiles has grow to be almost unattainable for cab drivers until they switch their private automobile insurance coverage on the one firm that’s promoting insurance coverage for Y-plate automobiles.
An American cab driver who reached out to this newspaper has lambasted the present scenario relating to insurance coverage for Y-plate automobiles, as he discovered himself desperately attempting to cling on to his job.
Jeffrey Lambert is an American cab driver who has been residing in Malta for 3 years. Chatting with MaltaToday he mentioned that he got here to the island along with his spouse, an EU citizen, to boost a household. Round 5 months in the past, Lambert determined to purchase a Y-plate automobile so as to begin a small cab enterprise.
Since Lambert was already in possession of an EU driving license, he didn’t want to use for a Maltese driving license.
Upon shopping for the automobile from one other cab driver, Lambert thought forward to insure the automobile as its earlier insurance coverage was about to run out. Upon looking out to purchase insurance coverage, Lambert rapidly realized that the one insurance coverage firm who was insuring Y-plate automobiles was Argus Insurance coverage, as no different firm accepted him as a brand new buyer.
Nonetheless, to his shock, Argus wouldn’t take him on as a brand new shopper, until he transferred his private automobile insurance coverage with the corporate as properly. “For my private automobile I solely pay round €200 a yr, and if I am going to Argus I’ll find yourself paying greater than double that.”
Lambert mentioned this abuse will find yourself forcing him out of the business, noting that there isn’t any different approach to insure his automobile.
In the meantime, this newspaper reached out to Argus, who confirmed that it’s the solely insurance coverage firm who’s taking over new shoppers for Y-plate automobiles.
An worker additionally confirmed that so as to buy insurance coverage, shoppers should observe a algorithm, one in every of them being that the shopper should deliver “different enterprise to the corporate.”
