A standard policy covers the vehicle for social, domestic and pleasure purposes, but not for the carriage of goods. If the car is being used for business, then a loading will apply. If the car is being used commercially, then an even higher loading will be imposed. Where the car is kept Those living in a major city, particularly Dublin, will normally have a loading imposed. Some companies will also impose a loading if the car is not kept in a garage at night.
Most insurance policies contain some type of an excess clause.
The premium will cost more if this clause is taken out. No claims bonuses A no claims bonus is built up over the years and gives the policyholder a substantial reduction in the cost of his or her premiums. In the event of a minor accident, it is sometimes cheaper to pay for any damage out of your own pocket rather than claiming from your insurance and losing your no claims bonus. If you make a claim and subsequently lose your no claims bonus, you can build it up again in a few years. Some insurance companies will even allow you one claim without it affecting your no claims bonus.