What insurance do I need for this?

[Somewhatfoolish]

I live in the north. For a week a month, give or take, company puts me up in hotel down south at their office and I work there. I've been taking the train for a while but may decide to drive for flexibility before/after - what insurance do I need? It currently has commuting on it but not sure if that's actually necessary. Or does it maybe even need business use?

I won't be using the car to get to/from the hotel and work if it makes a difference druing the week - just walking/cycling. Car just to get from oop north to darn sarf

[PorkInsider]

Class 1 business use (the lowest level of business cover).

It usually costs very little - I've had policies where it costs nothing - and covers you for travelling to different location to work, including visiting clients, as long as you're not carrying goods.

Edit: having just reread, you might be ok with commuting cover but could get sticky with regard to it being a regular place of work, etc. I'd try the business cover option just for peace of mind.

Edited by PorkInsider on Thursday 16th March 13:08

[LosingGrip]

Business use. Especially if you claim money back for mileage etc.

Commuting would be to the office. Business is travel connected to your job including Other offices etc.

It’s often not that much extra.

[E-bmw]

Best go for class 1 business use to be safe.

In general it costs between nothing & £25/year.

Class 1 allows you to transport work stuff & "commute" to more than one place of work.

I have it as I do the odd few courses elsewhere in the year.

[CraigyMc]

Somewhatfoolish said:

I live in the north. For a week a month, give or take, company puts me up in hotel down south at their office and I work there. I've been taking the train for a while but may decide to drive for flexibility before/after - what insurance do I need? It currently has commuting on it but not sure if that's actually necessary. Or does it maybe even need business use?

I won't be using the car to get to/from the hotel and work if it makes a difference druing the week - just walking/cycling. Car just to get from oop north to darn sarf

Business class 1, which isn't much more expensive than comprehensive cover in a typical situation anyway.

If you don't get this cover and someone breaks your car while you're staying at the hotel, you're going to have difficulty.

Are you claiming mileage on your own car for the business travel from your home to the hotel and back?

[martinbiz]

Yep, definitely class 1

[Somewhatfoolish]

Yes, I would be claiming mileage if I switch to using the car.

Thanks chaps

[CraigyMc]

Somewhatfoolish said:

Yes, I would be claiming mileage if I switch to using the car.

Thanks chaps

If your company isn't super stingy, the mileage will cover the cost of the extra insurance in one trip.

[Somewhatfoolish]

CraigyMc said:

Somewhatfoolish said:

Yes, I would be claiming mileage if I switch to using the car.

Thanks chaps

If your company isn't super stingy, the mileage will cover the cost of the extra insurance in one trip.

Opposite of stingy tbh, some of the stuff I get away with expense wise is a bit silly (most recently, a treadmill)

[CraigyMc]

Somewhatfoolish said:

CraigyMc said:

Somewhatfoolish said:

Yes, I would be claiming mileage if I switch to using the car.

Thanks chaps

If your company isn't super stingy, the mileage will cover the cost of the extra insurance in one trip.

Opposite of stingy tbh, some of the stuff I get away with expense wise is a bit silly (most recently, a treadmill)

lol, that's a new one!

HMRC's usual limit is 45p per mile for the first 10,000 miles a year, and 25p per mile for any above that. It depends what and how you drive and so on, but it's entirely feasible to get several grand in mileage expenses a year this way, especially if your company gives the 45p/mile and you drive something quite economical.

Diesel is about £1.70 a litre at the moment, which is about £7.72 a gal imperial.
For a car that does 60mpg at £7.72 per gal, that's about 12.8p per mile in diesel.
The other 32.2p per mile needs to cover things like insurance, depreciation, servicing, etc.

If you wind up doing 833 miles a month, that's 10,000 miles a year. With the maths above you'd make £3220 to cover running costs other than fuel...... which is noice.

[2 sMoKiN bArReLs]

CraigyMc said:

Somewhatfoolish said:

CraigyMc said:

Somewhatfoolish said:

Yes, I would be claiming mileage if I switch to using the car.

Thanks chaps

If your company isn't super stingy, the mileage will cover the cost of the extra insurance in one trip.

Opposite of stingy tbh, some of the stuff I get away with expense wise is a bit silly (most recently, a treadmill)

lol, that's a new one!

HMRC's usual limit is 45p per mile for the first 10,000 miles a year, and 25p per mile for any above that. It depends what and how you drive and so on, but it's entirely feasible to get several grand in mileage expenses a year this way, especially if your company gives the 45p/mile and you drive something quite economical.

Diesel is about £1.70 a litre at the moment, which is about £7.72 a gal imperial.
For a car that does 60mpg at £7.72 per gal, that's about 12.8p per mile in diesel.
The other 32.2p per mile needs to cover things like insurance, depreciation, servicing, etc.

If you wind up doing 833 miles a month, that's 10,000 miles a year. With the maths above you'd make £3220 to cover running costs other than fuel...... which is noice.

The 45p thing has been in place for more than 12 years I reckon. It was pretty decent to go towards running your car back in the day, inflation has all but done it in really.

Edited by 2 sMoKiN bArReLs on Thursday 16th March 16:53

[2 sMoKiN bArReLs]

..and 40p per mile from 1997 to 2011 apparently

[Somewhatfoolish]

CraigyMc said:

Somewhatfoolish said:

CraigyMc said:

Somewhatfoolish said:

Yes, I would be claiming mileage if I switch to using the car.

Thanks chaps

If your company isn't super stingy, the mileage will cover the cost of the extra insurance in one trip.

Opposite of stingy tbh, some of the stuff I get away with expense wise is a bit silly (most recently, a treadmill)

lol, that's a new one!

HMRC's usual limit is 45p per mile for the first 10,000 miles a year, and 25p per mile for any above that. It depends what and how you drive and so on, but it's entirely feasible to get several grand in mileage expenses a year this way, especially if your company gives the 45p/mile and you drive something quite economical.

Diesel is about £1.70 a litre at the moment, which is about £7.72 a gal imperial.
For a car that does 60mpg at £7.72 per gal, that's about 12.8p per mile in diesel.
The other 32.2p per mile needs to cover things like insurance, depreciation, servicing, etc.

If you wind up doing 833 miles a month, that's 10,000 miles a year. With the maths above you'd make £3220 to cover running costs other than fuel...... which is noice.

Taking the car isn't a financially wise decision, it's basically for my convenience.

With the current mess on the railways I have actually been doing quite nicely out of expensed first class rail travel combined with getting delay repay.

Whilst unfortunately the combination of my only sensible car being 18 years old with a 3 litre petrol engine and my manner of driving on long distances I am not going to get much more than 15mpg.

Covering costs would be nice tho.