The next tier refers to a personal car that is sometimes used for work errands. For example, let’s say you’re a real estate agent who picks up or drops off clients when you’re showing them a home, or you’re an architect who delivers drawings to a client every now and again. Your premium would be slightly higher than for a personal use vehicle, but if you’ve correctly informed the insurance company of your detailed car usage, you should be safely covered in the event of a collision.
Take the case of delivering pizzas, for instance: “It is different from going from personal to business use because you’re not going to be driving at breakneck speeds to get to the client’s house like you would if you only had 30 minutes to deliver a pizza on time,” says Thomas. If you’re delivering pizzas, perhaps you’re making five stops, pulling up to curbs, going to the next one. There’s more risk involved. Not to mention the simple fact that you’re driving more.
And if you ever change that status, Thomas says, make sure you inform your insurance broker. “There is no such thing as too much information — even the slightest change.” is a free and independent rate comparison website that allows Canadians to compare rates from 75+ providers for various financial products, such as auto and home insurance, mortgages, and credit cards.
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