If you are offering lifts as a TimeBank member you may not automatically be covered by your regular motor insurance policy.
Some insurers cover volunteer driving within regular motor insurance policies while others may charge an extra premium or impose a higher excess for volunteer drivers.
If you use your own vehicle for volunteer driving it is essential that you:
- contact your insurer to find out if you are covered by your regular motor insurance policy
- include your volunteer driving miles when declaring your annual mileage to your insurer
- ensure that your vehicle is taxed and has a valid MOT certificate
- have a valid UK driving licence
Please contact your TimeBank Co-ordinator to confirm all these details are current and valid.
Insurers who do not charge extra for volunteer driving have signed up to the ABI’s (Association of British Insurers) volunteer driving– the motor insurance commitment. Please visit their website for up-to-date information on those companies.
If you are not online and would like a hard copy of the list please contact your TimeBank Co-ordinator.
Some of these insurers require you to tell them that you are using your vehicle for volunteer driving even though they do not charge an extra premium and it is important that you do this in advance of any driving activity within the TimeBank.
Contact your insurer if:
- they have signed up to the ABI’s commitment but they require you to tell them you are a volunteer driver
- they have not signed up to the ABI’s commitment as you may have to pay an extra premium to ensure you are fully covered
When you are satisfied that you are covered by motor insurance and an opportunity arises to help another member it is important to agree a mileage rate or travel expenses to cover your fuel costs. You must not profit in any way from this and expenses must be just that – money to cover the cost of the travel. Please note that the TimeBank does not have a set mileage rate but expenses must not exceed 45 pence per mile as this is longer deemed as non profit making and you will not be covered by insurance.
It is also important to check the needs of the TimeBank member to identify how long the exchange may take and agree how many credits it will cost, e.g. does the person need a lift back from an appointment and will that mean that you will have to wait for them? Of course there is flexibility within this, you may decide to go shopping while you are waiting for them and therefore not wish to charge time credits for that part of the day.
If in doubt contact your TimeBank Co-ordinator for help and advice.