As business car insurance policies offer a different type of cover to standard social and domestic use policies, they can come with increased premiums.
Insurers use lots of different factors to calculate the insurance price including:
- When and where the car will be used
- Who will be using the car
- How many business miles the car will do
- What the car will be used for
It might seem like a good idea to save yourself some money by not declaring you use your car for work use and just rely on a social/domestic policy, but failing to fully disclose to an insurer if you use your car for work purposes can invalidate your insurance and following an accident, and leave you unable to make a claim.
If you'd like more information on business car insurance, take a look at our guide.