No, I’m not trying to get you to switch to Geico, but a 15-minute call to your car insurance agent really could save you money on car insurance if you are a full-time freelancer. Why? If you’ve abandoned the daily commute, you may be able to get your car reclassified as ä “pleasure use vehicle.”
One of the factors insurance adjustors take into consideration when issuing an insurance policy price quote is that your car will be speeding down the freeway in oh-so-dangerous rush hour traffic. Not to mention the fact that you will be wearing and tearing your vehicle day in and day out. But if you’ve made the switch from a daily commute to a stay at home job, those insurance premium-hikers disappear.
What is a Pleasure Use Vehicle?
- Pleasure vehicles are not used for daily commuting
- They are generally driven less than 5,000 miles per year
- They are not driven for business use
That last caveat can get tricky for freelance writers, who may use their cars for business intermittently. But if your household has more than one vehicle and only one of you is commuting, you have a high chance of having your second vehicle reclassified as a pleasure use vehicle. Further, even if for some reason you cannot get your car reclassified to “pleasure vehicle” status, many car insurers will offer low mileage discounts, so be sure to track your mileage for more than just tax purposes.
Give your insurance agent a call, tell him you heard about the pleasure use vehicle status, and explain your situation. I was able to reclassify my cute little Altima as a pleasure use vehicle last year, and I saved about $100 every six months on car insurance even while living in a dangerous metropolitan area. Depending on the safety of the area you live in and where your park your car at night, you may be able to save even more. Good luck!