As the price of gasoline skyrocketed then came back down, you would think our overhead would be much better than a year ago, right? Well, for a while there, we were. If that was the only area that affected our operations, Able Taxi would indeed be doing better.
However, Able Taxi’s largest yearly expense just decided to take an even bigger bite from our piece of the pie. I am speaking of taxi insurance. (We currently carry $4 million in liability insurance alone.)
Apparently a couple of the major players in the taxi insurance industry in the USA decided to call it quits this last year, so the pool of potential insurers just got much smaller. I am not sure what the claims rates were for the taxi industry over the last few years, but they must have been substantial. Even though Able Taxi hasn’t had an “at fault” accident since we started, our basic liability insurance rates just went up by about 20%. That doesn’t include our rates for general liability, umbrella, workman’s compensation and unemployment insurance. We get to find out about those later this year and in early 2016.
The bottom line is this. Able Taxi has kept the same rates that it started with in 2012 until now. Most of our competition raised their rates substantially last year and now it looks like Able Taxi will have to follow suit.
Effective October 1, 2015, Able Taxi will be going to a $10.00 charge for the first three miles and then $3.00 per mile for each additional mile for our local rates. Mile number three actually will go down in price. This change will align us closer with the pricing structures of the major multi-vehicle taxi companies in the Green Bay Area, but we still will be less expensive than their published rates.
Our smoke free, clean and well maintained vehicles will still provide what we consider to be the best taxi rides in town. We will continue to upgrade our vehicles to newer models to improve upon the already great quality of our current fleet.
We would like to thank all of you that have used our services in the past and we look forward to helping you with your Northeast Wisconsin transportation needs in the future. Just email us at firstname.lastname@example.org or call/text us at (920) 265-7760 to reserve your Able taxi for your next outing or trip to/from the Green Bay or Appleton airport.
ABLE TAXI… WHAT A BRIGHT IDEA!