Car insurance policies could be invalidated just by going to work – this is why

READ MORE

  • Martin lewis reveals this common car insurance mistake

What are car insurance classes of use? 

Social policies are only intended for domestic use. Those with these policies can only use their car for non-work driving such as visiting friends and family. 

This is often the cheapest form of agreement on the market as these motorists are likely to use their car considerably less than others. 

The social and commuting policy also covers road users for driving to their permanent place of work. 

Those under this agreement can also travel to a railway station as rail travel comes under a form of commute. 

DON’T MISS
Car insurance UK: Your policy can be invalidated by forgetting this [ADVICE]
Car Insurance: Your policy could be invalidated by not checking this [TIPS]
Car Insurance UK: New app could stop policy being invalidated  [PICS]

However, according to Confused.com motorists could be caught out by simply dropping someone off at their jobs. 

This could be considered a form of commute meaning road users run the risk for dropping off a friend or family member if a social and commuting policy has not been purchased. 

Business driving is the last class of use and should be taken out by those who use a vehicle as part of their day-to-day work. 

This cover is for those that sell goods or services through their vehicles or for road users who spend the majority of their working day inside their vehicles. 

Forgetting to update your class of use when your circumstances change or accidentally purchasing the wrong one cover can see car insurance companies invalidate your cover. 

READ MORE

  • Driving on this type of road can invalidate your car insurance

Can I save money on my car insurance through my job? 

Car insurance prices vary based on the overall perceived risk to you having an accident and claiming on the policy. 

This means it can be possible to reduce your average premiums by altering your job title as long as this is not too far from the truth. 

Research from MoneySuperMarket has shown putting yourself down as unemployed can see premiums increase as this demographic are most likely to use their cars during the day. 

According to MoneySuperMarket, unemployed motorists may be viewed as less likely to maintain their vehicles to a high standard. 

Experts revealed motorists can save up to a quarter of the price of their policies by changing their employment status to a housewife or retired. 

Massive 22 percent savings can also be made by declaring yourself as a househusband and 18 percent can be saved off the total costs by saying you were a mature student. 

However, motorists must take precautions and make sure their new job title accurately reflects their day-to-day occupation. 

Lying on a car insurance application to reduce costs can be worse as offenders may be faced with criminal charges for fraud. 

Source: Read Full Article