While there is no distinction between a pleasure car insurance policy and one for trips to work, the use of the car can be a factor affecting the quote and rate of car insurance. When you take out car insurance, they'll ask you what your car's primary use is, and it's important to be honest when you answer. If you use your car for both work and work, respond as your primary use of the vehicle when you request a quote; this will allow you to have coverage both for trips to work and for leisure purposes. Technically, there's no difference between pleasure car insurance and travel insurance; you'll need a basic auto insurance policy regardless of the purpose for which you primarily use your car.
However, car use can be one of several factors that determine your fare, along with others, such as your driving history, type of car, and age. It's important that you honestly answer your insurer's questions about car use, as lying can be considered auto insurance fraud. If an employer-provided vehicle was available for use, you received an additional benefit. Generally, your employer must include the value of the use or availability of the vehicle in your income.
However, there are exceptions if the use of the vehicle qualifies as an additional benefit for working conditions (such as the use of a qualifying vehicle for non-personal use). Because you didn't use the car more than 50% for business, you can't claim any deduction or special depreciation allowance under section 179, and you must use the straight line method for a 5-year recovery period to recover the cost of your car. If you're thinking of taking out classic car insurance, keep in mind that many specialized insurers require that the vehicle only be used occasionally for driving for pleasure and attending classic car events. The amount of depreciation deductions allowed for the car (including any deductions requested under section 179 and any special depreciation allowances requested) for tax years in which you used the car more than 50% for qualified business uses, less.
If you use your car 50% or less for qualified commercial use (defined above in the Amortization Deduction section), either in the year the car was put into service or in a later year, special rules will apply. If you own or rent a hybrid car, you can save on your Travelers car insurance with a discount on hybrid car insurance. This is the cost or other basis of the car reduced by any deduction for clean-fuel vehicle (for vehicles put into service before January 1, 2000, alternative credit for motor vehicles, credit for electric vehicles, gas consumption and depreciation tax (including any special depreciation allowance, described above, unless you choose not to apply for it) and the deductions from section 179 that would have been allowed if you had used the car at 100% for business and investment use. Policyholders with drivers who are fully enrolled in high school or college and who are good students who maintain a “B” grade point average or better may qualify for a discount on car insurance.
Customers who have taken out car insurance on an ongoing basis with Travelers with no interruptions in their coverage may be entitled to a discount. You may be eligible for a discount on your car insurance if you own a home or condo, even if you insure it somewhere else. You can qualify for a discount on car insurance if your family insures two or more cars under a Travelers policy. When you buy a new car or own a car that's less than three years old, you may qualify for a new car discount.
Pleasure car insurance isn't a real type of car insurance, but if you only drive your car for occasional pleasure, you should choose pleasure as your primary use when requesting a quote. For example, if you purchase a car as a replacement for a car that was stolen or destroyed in a fortuitous loss and you use section 1033 to determine the base of your replacement vehicle, its cost for the purposes of the section 179 deduction does not include the adjusted base of the car being transferred.