What is the cost of for hire insurance?

The cost of for-hire insurance varies widely based on factors such as the type of vehicle, the driver's experience, the location, and the specific insurance provider. On average, for-hire drivers can expect to pay anywhere from $1,500 to $5,000 annually for coverage. Additionally, factors like the level of coverage, driving record, and the frequency of use can significantly influence the final premium. It's advisable for drivers to shop around and compare quotes for the best rates.